Version Systems – Retirement Benefits Solution
All in one solution for Provident Fund, Superannuation & Gratuity trust that combines investment management, member management and accounting in one package.
Version Systems – Retirement Benefits
Version Systems retirement solution is all in one solution for Provident Fund ( PF ) trust management, Superannuation and Gratuity Trust. Version Systems retirement solution ( or PF Trust Software / Provident Fund Trust Software / PF accounting software ) is a first of its kind solution that addresses the crucial need for optimizing employee benefits and care. By addressing all the key elements in an integrated manner, Version Systems Provident fund trust solution creates a win-win situation for both you and your employees.
While employee care today is a top priority, managing employee retirement benefit funds (PF Trust) can be an endless exercise at many organizations. Considering that there are several challenges that Pension Administrators face which includes lack of support for
- Managing various retirement benefit schemes consist of Pension funds (defined benefit / defined contribution / hybrid funds, provident fund, gratuity plans)
- Investment management
- Financial Accounting
- Employee self-service access
- Intelligent reporting tools and reminders
What the administrator need is a single – point complete solution that can handle the complete spectrum of activities related to employee retirement benefit funds (PF Trust).
Features
Provident Fund
- Accounting
- Reports
- Investment Management
- Loans & Withdrawals
- Role / Rights
- Reminders
- Statutory Compliance
- Bonus Interest Calculation
- Member Interest Calculation
- Membership Management
- Import Bulk Transactions
Superannuation
- Accounting
- Reports
- Investment Management
- 1/3, 2/3 Commutation
- LIC Annuity Tracking
- LIC Interest Upload Facility
- Annuity Purchase Report
- Role / Rights
- Reminders
- Import Bulk Transactions
Gratuity
- Data for Actuary Valuation
- Custom Formula for Gratuity Payment
- Accounting
- Reports
- Investment Management
- Gratuity, Company & IT Act
- Import Bulk Transactions
Benevolent Fund
- Contribution Upload
- PRMAS Scheme
- DBS Scheme
- Scheme wise Claim Tracking
- Investment Management
- Scheme wise Balance Sheet
- Scheme wise Revenue Account
Accounting
- Bank Receipt/Payment
- Bank Reconciliation
- Contra
- Journal
- Ledger Report
- Voucher Report
- Trial Balance
- Revenue Account
- Balance Sheet
- Cash-flow
Members
- Monthly Contribution
- Loan Application / Payment / Adhoc Recovery
- Settlement Application / Payment / Covering Letter
- Transfer In Application / Receipt / Covering Letter
- Transfer Out Application / Payment / Ann-k / Covering Letter
- International Worker Check Points
- Member’s PF Statement
Investment
- Investment Evaluation / Purchase
- Mutual Fund / Equity Purchase
- Interest Accrued
- Investment Yield
- Interest Summary
- Investment Amortization
- Investment Register
- Investment Summary
- Mutual Fund / Equity Management
- Mark to Market Facility
Statutory
- ECR File Generation
- Monthly e-Return
- KYC-ECR File Preparation
- Form 11 Generation
- Form 4/5 PS
- Appendix B
- Statement-IW
- Form 2 Rev
- Form 10C/10D
- Break In Service
- Form 13 Rev
Unique Features
- RTGS/NEFT Letter
- PF & EPS No. Generation
- e-TDS Return
- Month/Year Locking Facility
- Investment Intelligence Report
- Interest Yield Report
- Annual Slip Sending Through E-Mail
- Interest Liability Report
- Taxable Interest Report
- Audit Trail
- User Define Letter Generation
Invest Plug
- Increase Transparency
- Auto Suggest L1
- Fast Decision Making
- Improve ROI with Best Deals
- Workflow Based Approval
- Integration with Investment Module
- PKI Based Encryption
- Developed as per CVC Guideline
- STQC Compliant
Employee Self Service
- PF Balance
- PF Statement
- Loan Eligibility & Application
- Settlement Application
- Nomination Updation
- UAN KYC
- Prefilled Form 10C
- Prefilled Form 10D
- Prefilled Form 2(R)
- Loan & Transfer In History
Mobile Application
- PF Balance
- PF Statement
- Superannuation Balance
- Superannuation Statement
- Unexempted PF Balance / Check EPFO Balance
- Gratuity Calculation
- Loan Eligibility & Application