Streamline Your Provident Fund Trust with Core PFT: A Complete Solution

Managing Provident Fund (PF) is no simple task. It's a complex procedure owing to the multifaceted nature of employee benefits, ever-evolving regulatory frameworks, and the need for precision in financial management. Ensuring that employees' long-term financial security is safeguarded requires navigating intricate compliance requirements and investment strategies. PF management demands meticulous record-keeping, timely contributions, and seamless communication with employees and regulatory bodies. Moreover, staying current with changing laws and ensuring compliance adds an additional layer of complexity. In a nutshell, the complexity of PF management underscores the need for a robust, well-organised approach to safeguard employees' financial futures effectively.

?Core PFT

?Core Integra presents a comprehensive digital solution for Provident Fund Trust operations- Core PFT, that covers masters, transfer in & out, settlements, loans, compliances, year end processes, accounting and dashboards.

Software highlights are as follows:

?●?????Effortless Data Import

Experience seamless data migration with our intelligent import tools, eliminating the need for manual data entry or cumbersome uploads.

?●?????Comprehensive PF Ledger

Stay up-to-date with employee ledgers that include interest calculations, transfer-ins, refundable and non-refundable loans, and month-to-month tracking.

?●?????Empower Employees with Self-Service

Boost employee satisfaction with our online claim services, real-time claim status updates, accessible PF ledgers, and a user-friendly online CRM tool. Provide transparent, dependable, and rapid PF services, all at your employees' fingertips.

?Modules

1.?Employee Master

Create a comprehensive employee database covering personal details, demographics, compensation, benefits, statutory data, and customised information as per client preferences.

2. Member Registration

Enrol employees as members of the Provident Fund Trust with all necessary information required for seamless registration.

3.?Contribution Management

Effortlessly handle contributions from both employers and employees, including calculations, tracking, and payment records.

4.?Account Statements

View account statements from various angles, including contributions, interest, and withdrawals, with the option to generate detailed reports for specific periods.

5.?Loan Management

Manage loans efficiently, from application to approval workflows, disbursements, and repayments. Includes interest calculations, outstanding balance reports, and instalment schedules.

6.?Withdrawal Requests

Facilitate partial or complete Provident Fund balance withdrawals, complete with customizable workflows for initiation, approvals, eligibility verification, and request monitoring until settlement.

7.?Transfer In

Seamlessly transfer Provident Fund balances from RPFC to PF Trust or between PF Trusts when employees join your organisation.

8.?Transfer Out

Ensure smooth transfers of Provident Fund balances from PF Trust to RPFC or between PF Trusts when employees leave your organisation.

9.?Trustee Management

Empower PF trust administrators to manage trustee board members, including appointments, resignations, and role changes within the trust.

10.?Compliance & Reporting

Stay compliant with relevant laws and regulations by generating reports for statutory filings, tax calculations, audits, and other compliance-related activities.

11.?Communication & Notifications

Keep members informed with a notification module that sends alerts, updates, and policy changes related to their PF accounts.

12.?Helpdesk & Support

Provide assistance to members and administrators with a helpdesk ticketing system, FAQs, user guides, and support for any PF trust portal-related issues.

13. Forms & Formats

Simplify form generation, whether specific to the PF Trust or standard formats required by law. Easily obtain online approvals, affix digital signatures, or print and affix physical signatures for all necessary documentation.

Summarising

Core Integra understands that the well-being of your employees is paramount, and Core PFT ensures their Provident Fund journey is smooth, secure, and satisfying. As you explore the possibilities of this comprehensive solution, you are not just embracing efficiency, but also ensuring the financial security and contentment of those who matter most - your employees. Take the leap toward more efficient and transparent Provident Fund Trust operations with Core PFT by Core Integra. Your employees' financial futures are in capable hands, and your organisation's compliance journey is about to get a whole lot simpler.

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