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
- Member register
- Loan Management (refundable & non-refundable)
- Loan register
- Investment Allocation and Details Input
- Automatic Interest Calculation
- Interest Reports
- PF annual statement
- Trial Balance
- Income & Expenditure account
- Balance sheet
- Statutory Reporting (additional requirements at no extra charge)
- Dynamic management of PF structure
- Reports by Location/state
- Reports based on employee and employer contribution
About Author:- Minerva Technology is an IT products and services provider specializing in specific segments and work with large, medium and small companies in providing services.Minerva Technologies provides value to clients by combining rich domain knowledge, process, innovative product and service delivery, and excellent post sales support.Minerva Technology Solutions Limited is a product development and
services outsourcing company, offering a range of services in the areas
of Retail Forex, Travel, Money Transfer, Education & Hospitality,
Payroll, Employee management and products suited to the needs of key
verticals.
See More :-
www.minerva.in/
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