Features
Gratuity Fund
Our Gratuity Fund module ensures accurate employer contributions, seamless employee enrollment, and automated settlement workflows. From calculation of eligible payment amounts to final distribution, every step is tracked, reported, and approved through a structured and secure process, giving HR teams total clarity and compliance.
Fully Configurable Settings
Customize rules, formulas, and approvals to fit your policy
Configure gratuity rules, eligibility, contribution structures, and approval hierarchies to match your organization’s policy.
Key Features
- Set fiscal year-end and employee eligibility rules
- Define fixed or percentage-based employer contributions
- Configure service length triggers for payout events like retirement or termination
- Use custom formulas to calculate gratuity based on chosen salary components
- Build multi-level approval flows with required approvals at each step
Interactive Dashboard
Presents real-time visual insights into overall fund status and balance at a glance.
The dashboard offers a real-time snapshot of your gratuity fund balance, including contributions, profits, forfeitures, and demographic breakdowns.
Key Features
- View total employer contributions, profits earned, forfeiture balance, and reclaimed funds
- Track member stats like gender ratio, age group, service length, and department-wise distribution
- Graphs and charts present all data visually for better insights
Seamless GF Management
Automate monthly runs and onboard employees with ease
Streamline employee registration and automate monthly calculations for every employee.
Key Features
- Register eligible employees automatically or manually, including ad hoc onboarding
- System-guided monthly run calculates employer contributions
- Draft and approval stages help manage and lock monthly runs
- Seamlessly integrates with banking systems and includes an approval mechanism to ensure secure gratuity disbursements.
GF Investment Management
Control, track, and grow your Gratuity fund investments with confidence.
Our investment module helps you manage gratuity fund transactions, bank accounts, and financial instruments with ease. From chart of accounts to monthly accruals, everything is automated, auditable, and role-based. A dedicated GF investment module designed to manage contributions, accounts, and assets with complete financial control. Automate interest calculations, manage investments with approval workflows, track transactions, and ensure seamless integration with payroll GF runs. Company contributions from the approved Gratuity Fund Run are posted to the Investment Module GL, while fund transfers using the actuarial method follow a separate process.
Chart of Accounts
Set up a detailed chart of accounts with sub-accounts, balances, and exportable reports.
Bank & Investment Management
Manage multiple bank accounts and assets like FDRs, T-Bonds, Corporate Bonds and T-Bills. Set interest rates, get maturity alerts, and download statements.
Transaction Handling
Track all fund flows, attach documents, apply maker-checker controls, and handle transfers and expenses with approval.
Automated Accruals
Run monthly interest accruals and auto-generate journal entries for easy approvals and accurate bookkeeping.
Advanced Reporting
Reports such as; Trial Balance Reports, General Ledger, Profit & Loss Reports, Cash Flow Statements, Balance Sheet and Journal Book provide in-depth info.
In-depth GF Reporting
Generates reports detailing each employee’s gratuity payout and outstanding liabilities.
Get all the insights you need with ready-to-export reports covering every aspect of Gratuity Fund tracking and management. From eligibility summaries to detailed payout logs, the reporting module keeps everything organized and transparent.
Key Features
- Eligible and pending eligibility employee lists
- Monthly contribution and year-end calculation summaries
- Disbursement status reports
- Excel export with custom fields and signature options
Leaver Management
Handle leaver settlements confidently
Approve settlements with full transparency and approval workflows.
Key Features
- Calculate gratuity payouts automatically based on employee service duration.
- View and process leaver applications, with system-suggested settlement values
- Initiate and track multi-level approvals for final settlement
- Connect with bank systems to process approved payments
All Features
Core HR
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