Power Finance Corporation Ltd.

Payroll, Income Tax, PF, Trust Accounting and Employee Claims Modules

Power Finance Corporation is a “Navratna” Public Sector Company and IWS has the opportunity to design, develop and Implement the Pay roll application along with the Employee Claims and integration with the Time office and HR functions. The application consists of more than 50 employee claims forms for on line creation/submission(Employee reimbursement, loans, allowance, declarations etc), processing and payment by HR/Finance and integration with payroll, income tax modules. Application integrates with Oracle Apps ERP implemented at PFC for accounting activities, integration with legacy systems for HR/Accounting. The application was implemented in 4 months time and since 2008 is being used with utmost satisfaction of management/users by all employees of PFC.

Computation of arrears on account of revision of pay scales and implementation of cafeteria based perquisites

PFC entrusted IWS responsibility of computation of arrears on account of pay scale revision and implementation o cafeteria based perquisites. IWS undertook the project as challenging assignment and ensured that arrears payments are released with 3 days of issuance of circular with 99% accuracy in arrear computation.

Annual Technical Support of FMS/Payroll Modules

During the warrantee period of Payroll Module, IWS proved its competence of providing instant 24*7 support and impressed by IWS strength, PFC awarded the support contract of payroll module to IWS. Since 2009, IWS is providing on site/off site support and has ensured closers of all requirements with 24 hours time. Support contract has been renewed 3 times since 2008 which establishes faith of PFC in IWS servces.