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HRedp Data Services Franchise Model: A Lucrative Business Opportunity in HRMS Development
In today’s fast-paced business environment, Human Resource Management Systems (HRMS) have become essential for companies of all sizes to streamline their HR processes. HRedp Data Services is a leader in providing cloud-based HRMS solutions, and they are offering a unique and lucrative franchise opportunity for aspiring entrepreneurs. With a robust HRMS platform called GNAT, HRedp Data Services has created a comprehensive solution that integrates payroll processing, leave management, subcontractor management, gate pass systems, and employee self-services. By becoming a franchisee, you will have the chance to be part of a fast-growing industry, offering a proven business model that can generate high returns.
Company Overview
HRedp Data Services specializes in developing cloud-based HRMS solutions that help businesses manage their human resource operations efficiently. Their flagship product, GNAT, offers a comprehensive suite of HR tools designed to automate payroll processing, manage employee leave, monitor subcontractor activities, and provide employee self-services. This all-in-one solution is designed to simplify HR management, reduce errors, save time, and ensure compliance with statutory regulations such as PF, ESI, and Profession Tax.
The GNAT system includes several modules such as payroll processing, preparation of payslips, bonus calculations, leave encashment, and income tax processing. Additionally, the software allows for cloud-based access, which means that documents processed by franchisees can be made available to customer companies on the cloud, ensuring easy and secure access via password-protected platforms.
The cloud-based nature of the product ensures that both the franchisee and the client companies can access essential documents and information remotely, offering convenience and real-time updates. This scalable and flexible system is ideal for businesses looking to outsource their HR operations to streamline their processes and reduce administrative burdens.
Franchise Opportunity
HRedp Data Services is now offering a lucrative franchise model for individuals interested in the HRMS business. As a franchisee, you will have access to the GNAT HRMS system, allowing you to offer payroll processing and other HR management services to local businesses. The franchisee model is designed to be straightforward and user-friendly, making it an ideal business opportunity for entrepreneurs looking to enter the growing field of cloud-based HR services.
Payroll Processing and Beyond: As a franchisee, you will be able to take on payroll processing assignments from client companies. This includes a wide range of services such as preparing paysheets, payslips, calculating statutory deductions (PF, ESI, Profession Tax, LWF), bonus processing, leave encashment, and income tax calculations. By providing these services using the GNAT platform, you will save your clients valuable time and resources while ensuring accurate and timely processing of their payroll.
Additionally, the GNAT system provides other essential HR features, such as leave management, subcontractor management, gate pass systems, and employee self-services. By offering these services at no extra charge, you can add more value to your business and enhance your reputation in the market as a comprehensive HR solution provider.
Ideal Franchisee Profile
The ideal franchisee for HRedp Data Services is someone with a strong entrepreneurial spirit, a keen interest in the HR technology sector, and a desire to build a successful business. The key characteristics of a successful franchisee include:
Operations Commenced On 1996
Franchise Commenced On 2014
Investment INR 10000 - 50000
Franchise/Brand Fee INR 50000
Royalty/Commission 70 %
Exclusive territorial rights to a unit franchisee Yes
Anticipated percentage return on investment 70 %
Likely pay back period of capital for a Unit Franchise 1-2 Months
Other investment requirements Yes
Delhi, Haryana, Himachal Pradesh, Jammu and Kashmir, Punjab, Uttaranchal
Kerala, Karnataka, Tamil Nadu
Assam, Meghalaya, Mizoram, Tripura, Arunachal Pradesh, Manipur, Nagaland, West Bengal, Sikkim, Odisha
Gujarat, Rajasthan, Maharashtra, Goa
Chhattisgarh, Madhya Pradesh, Bihar, Jharkhand
Andaman and Nicobar, Pondicherry, Chandigarh, Lakshadweep, Daman and Diu
Floor area requirement 200 - 300 Sq.ft
Preferred location of unit franchise outlet near industrial areas
Detailed operating manuals for franchisees Yes
Franchisee training location online at their premises
Is field assistance available for franchisee ? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Do you have a standard franchise agreement? Yes
How long is the franchise term for? 3 Years
Is the term renewable? Yes
Disclaimer: Franchise India is an integrated franchise solution company since 1999, and an absolute authority on franchising and licensing. FIHL (www.franchiseindia.com) and the site sponsors accept no liability for the accuracy of any information contained on this site or on other linked sites. We recommend you take advice from a lawyer, accountant and franchise consultant experienced in franchising before you commit yourself. It is user’s responsibility to satisfy yourself as to the accuracy and reliability of the information supplied. Please read the terms & conditions on Franchise India.
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