Asset and Loan Management | NuSmart HRMS
 
PRODUCT

Asset and Loan Management | NuSmart HRMS

NuSmart’s Asset and Loan Management module simplifies the tracking and handling of employee assets, by streamlining asset requests, approvals, and returns. Additionally, it manages financial advances and loans, including interest calculations and automated payroll deductions.

Asset Management

Asset Tracking
Maintains detailed records of company
assets provided to employees, such as
laptops and other equipment.
Asset Request Management
Allows employees to request company
assets through a streamlined
request process.
Approval Workflow
Manages multiple levels of approval
for asset requests to ensure
proper authorization.
Asset Return Process
Facilitates the return of company assets
from employees, ensuring proper
tracking and inventory updates.

Loan Management

Loan/Advance Type Definition
Allows the definition and categorization
of different types of loans and advances,
including those with or without interest.
Loan/Advance Request Management
Facilitates the submission of loan and
advance requests by employees, with
options for interest or non-interest loans.
Approval Workflow
Manages the approval process for
loan and advance requests, ensuring
proper authorization and oversight.
EMI & Deductions Calculation
Automates the calculation of loan EMI
and deductions, integrating with
payroll for accurate processing.
Automated Loan Management
Integrates loan and advance management
with the payroll process, automating
adjustments and repayments.

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