Madhu.T.K
Industrial Relations And Labour Laws
Pandyabn76
Service
VERSION SYSTEMS PVT. LTD.
Software Product Development And Consulting

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Dear All, i would like to have information, procedure and norms for managing PF through trust. please send me information you have!! regards, Bharat Pandya 9428104953
From India, Ahmadabad
For scheduled employment the question of forming separate trust for Pf does not arise. For exemption from PF, the EPFO should be convinced of the facilities provided by the establishment which are better than that provided in the Act. Regards, Madhu.T.K
From India, Kannur
Version Systems, developed a TRUSTe Employee Retirement Benefit Solution a cloud-based as well as intranet, released with single point complete solution that handles the complete spectrum of activities related to employee retirement benefit funds. Its a user defined web based solution made on latest technologies (.net/SQL or Oracle) available on (SAAS/Enterprise Models).

Software provides integrated trust accounting and Investment solution required to every PF trust of any organization. It supports for investment management like yield calculations, amortization, interest accrual, investment getting mature and interest due, loan history and auto calculation of eligible amount and track for the withdrawals amount. Feature for Automatic import facility for employees master, monthly contribution, transfer in/out, settlement, loan and investment from SAP, other ERP, Excel and other format like CSV and DBF.

At the heart of this web based software is its employee’s friendliness which enables employees online self service (ESS) web access for online balance check of employee’s PF Fund/Superannuation, nomination detail update, status of their withdrawal claim, online loan application and eligibility check, FAQ and various form downloading with necessary prefilled data. Transparent picture is made feasible.

Various features like automatic interest calculation on PF, Investment Management and Tracking, Loans and Permanent withdrawals with amortization, Settlements/Transfer Out, Book Keeping, Statutory Returns, Reports, Multiple Financial Year, One solution for Multiple Trusts, Data Security and Backup are included in this SAAS.

From India, Rajkot
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