Provident Fund & Gratuity fund management software
Provident Fund & Gratuity Fund Management Software
Provident Fund: A provident fund is created with a purpose of providing financial security and stability to elderly people. Generally one contributes to these funds when one starts as an employee, and the contributions are made on a regular basis (monthly in most cases). Its purpose is to help employees save a fraction of their salary every month, to be used in an event that the employee is temporarily or no longer fit to work or at retirement. The investments made by a number of people / employees are pooled together and invested by a trust.
As offering gratuity fund facility has become a prerequisite of attracting and retaining employees, it has created an added load on organizations for accounting and administering such funds. Our software based gratuity fund management approach enables us to effectively administer such funds which includes