Product Scorpio HRMSStaff Loan

Scorpio HRMS - Staff Loan


SCORPIO Staff Loan automates the company loans for employees. The Staff Loans module enables an organisation to control the repayment of loans made to staff. The loan records can be configured to handle most loan types.


Unique Features

  • User Defined Loan Types
  • Automated Loan Calculation based on Loan type and Interest mode.
  • User defined item attributes
  • Tracking of Loan Schedules
  • Ability to maintain multiple Loan status like READY , HELD, PROGRESS, EARLY SETTLED AND SUSPENDED
  • Deferment of loans for the specified periods
  • Tracking of over due repayments
  • Integrated to SCROPIO General Ledger, Cashbook and SCORPIO Payroll
    Automated Accrual Interest
  • Early Settlement of Loans
  • Loan written off
  • Email Notification to remind the repayment schedule to the Loanee.
  • Functional reports for Loans like Outstanding Balance, Aged Analysis, Loan Status, Overdue Account and Loan Schedule could be generated.