Make complex accounting easy with the help of our superannuation trust software and complete audit in a hassel free manner by getting all accounting reports in single click.
Process various bank receipt and payment transactions quickly with minimum manual working.
Take help of our bank reconciliation module to reconcile your bank with bank statement for better fund management with less efforts.
Availability of contra entry option to manage multiple inter bank transfers.
Auto posting of various journal entries like monthly contribution, member interest posting, accrued interest, reversal of accrued interest, amortization etc will helps in improvement of working efficiency.
Extract ledger report in bulk or as per requirement with different format.
For record keeping, generate/print all types of voucher in bulk as per your requirement.
Get trail balance on real time basis as per your requirement ranging from 1 to 4 level.
You can generate revenue statement on real time basis to check the profit or loss as on date.
You can generate balance-sheet on real time basis to check positions of your trust assets and liabilities.
Plan your investments in advance with projection of income & expenditure for each month.
factoHR superannuation fund application will help you to Manage Investment effectively and increase yield of your fund if investment if managed in house:
In case investments are managed in-house, take help of our investment evaluation module to compare multiple securities and to take decision which is best to buy. Also process purchase transaction once purchase is done with security wise effect.
You can generate Investment accrued report for all investments with provision to pass accrued JV automatically.
Take decision of interest distribution based on interest yield details for your investment corpus.
Get details of total interest received during any period in summary format.
Mutual Fund / Equity Purchase
Separate module designed for mutual fund and equity purchase transaction as having different nature than fixed interest rate investments.
You can configure Investment amortization method as per your requirement and can pass auto amortization JV for account finalization.
Generate script wise register to check flow of investments during the year i.e opening balance, addition, deletion and closing investment balance as on date.
Use investment summary report to check total investment holding as on date in a compact format.
Mutual Fund / Equity Management
Remove excel with our advance mutual fund and equity investment module where you can process all transactions related to mutual fund and equity with lesser manual working.
Mark to Market Facility
Get rid of complex mark to market profit or loss calculation for mutual fund and equity investment done with automated system to calculate the same on single click.
LIC fund management
If funds are managed by LIC, Get rid from time consuming LIC fund management activities as system will help you to manage your LIC fund in effective manner.
LIC Annuity Tracking
You can track LIC annuity purchased for employees.
LIC interest upload facility
Upload facility available for member wise LIC interest if funds are manged by LIC.
Annuity Purchase Report
Ease of generation of member wise Annuity purchase report in one click.
Multiple LIC scheme
Employee wise Scheme selection and scheme wise fund allocation will be allowed if investment is done in multiple LIC scheme.
Scheme wise contribution uploading
You can upload LIC scheme wise contribution if there are multiple LIC scheme.
Managing members become easy with the help of our membership management tool.
Make monthly contribution upload process easy with file uploading option and accounting effect.
Settlement Application / Payment / Covering letter
Process Superannuation settlement transactions as per payment option selected by members with taxation effect. You can also generate all required document for employee communication.
1/3, 2/3 commutation
Process superanuuation settlement transactions with all types of options like 1/3 commutation,2/3 commutation, full refund or full pension.
Member interest Calculation
You can calculate and post SA interest with member wise effect in quick manner. In addition, also get provisional interest report to know the interest liability in advance.
Transfer in application/Receipt/Covering letter
Get an updated status of transfer in application anytime with the help of our transfer in module. Also process receipt entry having member wise effect once amount is received.
Transfer out application/Payment/Ann-K/Covering letter
On time processing of transfer out application and payment become possible with effective tracking mechanism. Also get post payment documents too like covering letter, payment voucher etc.
Member’s SA statement
You can generate SA statements as per your requirement. Also share the same among employees with email facility.
Employee Self Service
Empower employee with direct access to information.
Check SA balances as on date any time.
Generate SA statements for current year or past financial years as per requirement.
Availability of online settlement application for left employees. Employees can also check application status with this functionality.
Add or update nominee details for SA fund separately through online mode.
Provides flexibility to access information from any where, any time through single touch.
Access Superannuation balance anytime anywhere.
Members can generate SA statements as well as per their requirement any time.
Updation of nominee detials for SA fund separately is possible now through mobile application.
Other Unique Features
Availability of system generated RTGS/NEFT letter for all types of online payments.
Generate e-TDS return that can be directly validated through FVU utility for return submission.
Month/Year Locking facility
Ensure data security by locking any particular month or year once audit is completed.
Annual slip sending through Email
Distribution of PF statements among members is mendatory as per EPFO once interest rate is finalized. Annual slip sending through Email helps in such distribution in timely manner.
Interest Liability Report
Check interest liability any time without posting member interest.
Availability of Audit trail feature to secure your database by tracing any unauthorized changes or deletion done by any user.
User Define Letter generation
Generate various covering letters as per your requirement with the help of dynamic letter generation functionality.
Send Email or SMS for all types of member related payment transactions.
Role / Rights
Define what roles and rights to be given to different users as per their work profile for day to day activities.
Get various reminders for the critical information like Interest due, maturity due, Pending applications, Bank reconciliation, Uninvested Balance etc.
Import bulk transactions
Use functionality of import bulk transactions for various transactions to improve efficiency in routine transactions.
Maker/Cheker and approver facility
Control user activities by setting authorization level for maker, checker and approver for all types of transactions and master creation.
Mutual Fund Purchase
Make investments in various types of mutual fund as per EPFO guidlines directly from factoHR platform as it offers real time NAV & Scheme data, portfolio tracking and integrated accounting solution.