The Rental Reimbursement Scheme (RRS) is a popular tax-saving arrangement for salaried employees offering housing benefits in the form of a cash allowance by employers. Management of RRS claims is a tedious process for most companies involving application verification, lease agreement monitoring, claims validation, claims tracking, and recordkeeping. An effective control system that includes a well-defined housing benefits policy and a digital system to manage claims will secure the process and prevent abuse of the benefits.
eRental Portal is an online portal for managing rental reimbursement applications and claims. The portal not only comes with a built-in workflows from application to completion, but also assists to keep track of application and claim status and store rental documents electronically. This makes the entire process hassle-free and convenient for both administrators and employees, improving the employee experience while freeing up the valuable bandwidth of the HR department to relocate their resources to other activities.
If your company does not have an RRS in place or it has been in place for a long time, Tricor has the experience to help you formulate and implement a tailored scheme policy and guidelines, which can be administered with the aid of the eRental portal. In addition to ensuring a smooth RRS process, our solution reduces the risks of inaccurate reporting to the Inland Revenue Department and protects your company from any possibility of penalization.
Digital transformation is an irreversible trend. As the leading business expansion specialist in Asia, Tricor’s creative and innovative culture has made us stay at the forefront of the industry. Our advanced digital solutions enable clients to streamline workflows, collaborate more efficiently, make smarter decisions and be more capable of dealing with challenges. Supported by state-of-the-art technology, all of our digital solutions are highly secure with data privacy and security as our top priority.