HR Salary Software
Loan and salary advances: manage the workflows efficiently and seamlessly
Key Features and Benefits of Using Scopex
• Loan or advance salary policy implementation
Configure and customize loan and advance salary policies and eligibility criterias based on the salary and tenure of the employee in an organization. Create and manage loan and advance policies efficiently.
• Comprehensive dashboard
Manage and track every payment transaction in real time and maintain transparency. The dashboard displays all.
• EMI calculator & Management
Manage and calculate EMI’s effortlessly on the platform. It allows auto calculation of the EMIs using the configured settings.
When employees cannot pay the due amount and want to have a hold on their EMI payments for a month or two because of valid reasons, Scopex allows you to manage it with a simple click of buttons.
• Interest rates
Configure the Interest rates, let Scopex do all math for you, and calculate the net amount payable anytime during the loan tenure.
• Effortless loan tracking
Streamline the loan and advance salary, and track & manage it from disbursement to EMIs.
• Reports and analytics
Generate accurate reports
• Loan / advance Disbursements
Streamlined approval process and linked with payroll for automatic deduction periodically
• Automated workflows.
Employee request for loans, review of the request, approval or rejection of request has a less manual intervention. Manage it with an effortless digital process.
These approved requests convert to a loan agreement that includes terms and duration of payment.
Process loan payments and advances automatically integrating with the Payroll App.
Scopex loan and advance payment systems allow an organization to create multiple loan types.
Automatic carry forward of the outstanding loan or advance payments.