SMAC IT Limited (SIL), a software development company, on Sunday unveiled its latest product innovation in the finance management sector — a provident fund management software titled “ProFund”.
The provident fund management software, developed and marketed by SMAC IT Limited, represents a significant leap forward in streamlining and enhancing the management of provident funds for organizations of all sizes.
This cutting-edge software solution incorporates advanced technology and industry best practices to offer a comprehensive suite of features and benefits that will revolutionize how companies handle their employee provident funds.
Snehasish Barua, director of SIL, expressed his enthusiasm for the new software, and commented: “We are thrilled to introduce our Provident Fund Management Software “ProFund”, which we believe will redefine the way businesses manage their employee benefits.”
“Our software combines robust functionality with user-friendly interfaces to provide organizations with a powerful tool that enhances efficiency, accuracy, compliance and transparency in provident fund management,” he added.
Attendees had the opportunity to engage in live demonstrations of ProFund and interact directly with the development team, gaining insights into its capabilities and potential benefits for their organizations’ needs.
The provident fund management software will allow seamless integration with existing HR systems, enabling efficient data synchronization and reducing manual data entry errors.
It will also enable advanced reporting and analytics capabilities, empowering organizations to gain valuable insights into their provident fund management.
ProFund also offers intuitive user interface and streamlined navigation, ensuring ease of use for HR personnel and employees alike.
It can also make automated calculations and real-time updates, guaranteeing compliance with statutory regulations and minimizing the risk of errors.
The software also possesses storage of historical data for both internal and external purposes like auditing, as well as robust security measures to protect sensitive employee data and maintain the highest standards of data privacy.
