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Benevolent Fund Trust

A benevolent fund supports members and their families through periods of hardship that can arise for reasons outside their control.

benevolent fund trust for support members families

factoHR Retirement Benefit Platform also offers below list of modules

PF Software

Superannuation

Pension Management

GPF Trust

Unexempted PF

Gratuity

Multiple Scheme Configuration

Configure multiple schemes for Benevolent fund trusts like Medical Assistant or Death Benefit as per your requirement.

multiple scheme management and configuration

Scheme Wise Monthly Contribution

Upload member-wise contributions for all configured schemes and download a reconciliation report to check if the contribution is received or not.

Manage your funds with factoHR Today

Premium Payment And Claim Amount

factoHR allows you to upload and store information of member-wise premium amount paid and insurance claim amount received, and generate up-to-date reports for the same.

manage member wise premium payment and account claim
easy investment management with factohr

Claim Application/Settlement

The insurance claim made by the member will be tracked against the index number. When the insurance company receives the claim amount, a bank receipt entry will be passed through the system. Similarly, a bank payment entry will be passed and tracked when the member receives the amount.

Ease Of Accounting

factoHR’s real-time, integrated, and centralized accounting, two-eye approvals, auto JV posting, and ready-to-file reports minimize all your accounting challenges.

Bank Receipt/Payment

Bank Reconciliation

Contra

Journal

Ledger & Voucher Report

Balance Sheet

Revenue Account

Investment Management

Using our all-in-one investment management, perform evaluation, mark to market valuation, manage all types of security and improve the ROI of your trust’s investment.

Investment Evaluation

Purchase Of Mutual Fund/Equity

Accumulated Interest Analysis

Investment Yield

Investment Summary

Mark To Market Facility

factoHR Benevolent Fund Trust Management Solution Benefits

With factoHR’s benevolent fund trust, manage your investments and members’ contribution online and automate the claim and settlement procedures. factoHR is recognized to be a trusted brand in helping organizations leverage GPF Trust management software, Pension Management, Superannuation Fund Management, and many other trust funds.

Simplified Configuration

Configure the program to suit the specific and unique requirements of your organization.

Reduced Expenses

Reduce unnecessary expenses on purchasing and maintaining physical records by doing the same online.

Straightforward Procedures

Simplify the claim and settlement processes as factoHR takes care of all the complexities for you.

Frequently Asked Questions About Benevolent Fund Trust

What do you mean by the benevolent fund?

Will factoHR assist my accountants in processing
and settling the benevolent trust?

How frequently do I need to contribute to
these schemes?

How does your software help in claim application
and settlement?

Does your software allow me to invest in more than
one scheme?

How does this software help in investment
management?

Automate your investment management with factoHR Today

factoHR’s benevolent trust solution helps the organization with investment management for the benevolent fund to support employees during the time of hardships.

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Note: We want to emphasize that factoHR does not engage in any part-time or work-from-home task based job opportunities. For all official communications, we exclusively use the @factohr.com domain. We strongly advise against sharing any information on public domains such as gmail.com, outlook.com, hotmail.com, and others. We never request any form of payment in exchange for employment. Protect yourself by refraining from sharing any sensitive information through any communication channel. Your safety is paramount, so please remain vigilant and cautious. Stay secure and stay safe.

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