Maintain All your CORE HR and Payroll business process at one place .
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Simplify and streamline employee loan requests, disbursements and repayments with Loan Management Software and take control over the loan servicing process within your organization.
Manage employee loan policy with unlimited loan types and configure loan limits and entitlements by pay category. When employees request loans, review and approve them and create loan agreements with payment terms for the entire loan cycle. Process and reschedule loans and advances via payroll, set loan and advance limits and automatically deduct from salary. Set interest profiles, temporary and permanent stop payments and track loan approval status.
Define the maximum loan and advance limits based on eligibility criteria such as employee grades. Process quick online approvals based on alerts each time an employee makes a loan application. Take advantage of user-defined allowances and deductions, loans and advances with EMI, interest calculations functionalities. Also schedule and compute refunds. Leverage workflow for loan applications approved by HR and Payroll managers.
Increase your organization’s efficiency and productivity with automated loan applications, approvals and recovery process. Automate EMI deduction or lump sum loan recovery from employees’ salaries and loan interest calculation based on different criteria. Empower your employees by letting them track their loan approval status via Employee Self Service Portal. Enable online loan application submission with supporting workflow.
Time is money in every business. Use our automated Loan Management Software to increase the productivity of your HR employees, significantly. With well-defined loans and advance limits, self-managed applications and automated approvals, save your HR managers’ time so they can focus on more productive tasks. Authorize personnel for routine data entry related to loan instalments and repayments. Streamline loan processes and eliminate the paper trail.
Enjoy unlimited reporting capabilities and monitor loans disbursed and recovered, loan balances and historic statements for each employee. Create or customize your existing or new records, sort data and download in multiple formats with automatic audit trails.
Maintain All your CORE HR and Payroll business process at one place .
No more hassle of identifying the right solution. Just contact us for a demo to show, how this critical feature can help your organisation!
We are one of UK's leading providers of Human Resource management software and Payroll processing solutions, supported by a highly qualified global workforce with deep industry expertise. We empower businesses to streamline and manage their human capital efficiently and cost effectively.
