Loans and Advances Management
Loans and Advances: Manage the workflows seamlessly
Processing and Better Compliance
Loans types, interest rate and calculation (Fixed / Fluctuating) process can be set up also, applicability and eligibility for the loan and advances can be defined based upon the employee category / date of joining / length of service etc..
Employees can apply for the loan and can see the status of their loan application in their secure ESS portal. Employees would be able to select the loan / advance amount as per the set eligibility and that would help approving authorities to take instant decisions on the request. .
EMI / Loan Statement:
EMI frequency & Payment mode can be configured as per the company process and mutually agreed mode between employee and organization. Employee can see the complete loan balance statement in the ESS also, while calculating EMI schedule loan perks get calculated automatically and gets considered in the routine payroll and tax calculation.
What They Say
“We have had a wonderful experience since the time we began working with Beehive. Setting up a convenient, accurate, and cost-effective HRMS system is a challenge that most startups face. However, by using Beehive we have been able to set up a user-friendly system that allows us to track attendance and leaves, streamline our monthly payroll process, Expense reimbursement, PMS, RMS, E- Separation and reduce costs and paperwork. Using Beehive has not only helped make the whole process efficient but also extremely hassle-free. we’re very happy to be aboard Beehive!”
Ever since we’ve started using Beehive software for our employees, we found it to be even more useful than expected and it has the best applications required for a HR solution. For organization that aspire for a paperless office, I feel the use of Beehive will be a great advantage.
Beehive has made our lives easier by assisting all our HR activities, with dynamic configuration options. It also has a facility to complement our flexible work environment. Thanks to the mobile app, I can access all of the employee data, their movement, and applications anytime, anywhere.