Loans & Advances Management

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Loans & Advances Management

Salary advances and employee loans are not the problem but manual tracking is. Beehive HRMS Loans & Advances Management eliminates spreadsheets, reconciliation errors, and missed deductions by embedding the entire process within payroll.

Get rid of guesswork and disputes and back them with policy, audit-ready loan automation that works.

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Stop losing 12–18 Lakhs annually to loan deduction errors

Loan recovery is less about excel skills and more about compliance, transparency, and employee trust. Manual processes are failing you on all three.

Inefficient Loan Management is costing you

Double Deductions, Missed Recoveries

Manual EMI tracking leads to overcharges, missed stop-dates, and payroll reworks.

Loss: ₹6–8L/year in HR time, payroll errors, and trust erosion.

Disconnected Systems

When loans are managed outside payroll, month-end turns into a reconciliation nightmare.

Cost: 30–40 hours/month in manual syncs. ₹3–5L/year in errors and overtime.

No Visibility = Employee Frustration

Employees don’t know their balance or deduction status. HR fields endless queries.

Impact: 70% of loan-related queries stem from poor transparency.

Compliance Blind Spots

Interest, loan perks, and final settlement adjustments are missed or mishandled.

Risk: ₹5–6L/year in tax, audit, or F&F compliance gaps.

Here’s what you need

Beehive HRMS Loan Intelligence

A fully integrated loan module inside payroll, where it always should have been.

01

Structured Loan Types, Not Ad-Hoc Entries

Support for salary advances, festival loans, emergency loans, and more with customized rules.

Result: 100% policy-aligned recovery. Zero manual overrides.

02

Auto-Scheduled EMI Deductions

Recover loans through payroll, with automatic deduction starts and stop logic.

Accuracy: 94% reduction in deduction errors. No missed recoveries.

03

Policy-Based Eligibility & Approval Logic

Set limits based on grade, tenure, or CTC. Route approvals dynamically.

Efficiency: 3x faster processing. 100% eligibility compliance.

04

Final Settlement Sync

Outstanding loan balances are auto-adjusted during exit settlements.

Protection: No revenue loss. No legal exposure.

05

Payslip & Form 16 Integration

Loan interest, perks, and repayments are auto-reflected for tax accuracy.

Compliance: 100% audit-ready. 0% manual intervention.

06

Audit Logs & Financial Reports

Every action is timestamped and trackable. Download-ready reports for finance and compliance.

Benefit: 50+ hours/month saved in audit prep.

07

Self-Service Transparency for Employees

Employees apply, track balances, view repayment history, and download loan statements from their portal.

Outcome: 70% drop in queries. 3x increase in employee confidence.

08

Fully Embedded in Payroll

No parallel tools. No dual entries. No last-minute chaos.

Result: Seamless payroll experience, cleaner reconciliations and happy employees.

Give loans without
losing control

Beehive HRMS Loans & Advances Management turns one of the most error-prone processes into a structured, payroll-integrated system. No manual work. No uncertainty. No sleepless nights during payroll finalization.

Increased Efficiency

ESS and MSS eliminate manual paperwork and reliance on HR personnel, allowing employees and managers to independently handle HR tasks, saving time and reducing administrative efforts.

Empowered Employees

ESS empowers employees by providing them direct access to their personal information, leave management, timesheets, and training, fostering a sense of ownership and engagement.

Streamlined Processes

The modules automate and standardize HR processes, such as leave requests, timesheet approvals, performance appraisals, and training enrollment, ensuring consistency and reducing errors.

Improved Data Accuracy

With employees updating their own information and managers reviewing and approving data, ESS and MSS promote data accuracy and integrity, minimizing data discrepancies and improving HR data quality.

Enhanced Communication

ESS and MSS facilitate effective communication between employees and managers through features like announcements, notifications, and feedback mechanisms, improving overall collaboration and transparency.

Cost Savings

By reducing reliance on manual processes and paperwork, ESS and MSS contribute to cost savings by minimizing printing and administrative overheads.

Self-Service Convenience

ESS provides employees with the convenience of accessing HR-related information and performing tasks from anywhere, anytime, using a user-friendly interface, promoting work-life balance.

Real-Time Updates

With ESS and MSS, HR-related updates and approvals happen in real time, ensuring timely communication and immediate visibility of changes for both employees and managers.

Data Analytics and Reporting

The modules generate comprehensive reports and analytics on HR activities, providing valuable insights for decision-making, performance evaluation, and identifying trends or areas for improvement.

FAQ

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How to obtain startup funding/capital?

What are the costs of a startup?

Why do startups succeed?

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Let’s fix your loan recovery process now.

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