XENHRMS provides you with a dedicated loan management section which can help you manage and keep track of all your loans to employees. Our loan management features will streamline your interest calculations for you too!
Accounting for all the money you lend to your employees, is a critical aspect of your employee payroll process. That's why sumHR will automatically prepare your Loan Ledger, Balance Summary and Monthly Recovery Report
Using XEN HRMS Loan management features, you will not only be able to record Loan details for every employee, but also track all employee loans from Third Party with disbursement.
Adjustments during employee loan management is a regular affair for payroll managers. XEN HRMS features will let you manage these adjustments with ease, whether it's plain Loan Adjustments or EMI Calculations with or without interest.
“We went down from it taking a half a day to a full day to run payroll, to one to two hours... That's like a full day of work that we can go back to.”Heena Khan, AIBASOFT INC