PF Trust Outsourcing

Provident fund is turning out to be a complex function to handle. Today all companies are bound by statutory requirement to have Provident Fund as a Trust or otherwise. For those organizations who manage a Provident Fund Trust, handling the different requirements of investments, member database, member relationship, loans and investments need to a cohesive activity and not distributed. MINERVA offers PF Trust Outsourcing services which enable organization comply with all the requirements of this function and maintain flawless data of its members. MINERVA handles the creation (or import) of member database, loan management, investment management. MINERVA also provides member self-service modules to enable organizations extend the facility to members. The service deliverables include

1. Member register
2. Loan Management (refundable & non-refundable)
3. Loan register
4. Investment Allocation and Details Input
5. Automatic Interest Calculation
6. Interest Reports
7. PF annual statement
8. Trial Balance
9. Income & Expenditure account
10. Balance sheet
11. Statutory Reporting (additional requirements at no extra charge)
12. Dynamic management of PF structure
13. Reports by Location/state
14. Reports based on employee and employer contribution

 For info more: http://minerva.in/legal-disclaimer-privacy-policy-and-terms-of-use/