Spine Assets

Government

The government and semi-government sectors include public administration, defence, and state-owned enterprises. In 2021, government spending accounted for around 28% of global GDP, with variations across countries. This sector plays a crucial role in delivering essential services, infrastructure development, and public welfare programs. Key challenges include budget constraints, regulatory compliance, and maintaining public accountability, while opportunities arise through digital transformation initiatives and public-private partnerships. The sector’s future is focused on improving efficiency, increasing transparency, and enhancing governance to meet evolving economic and societal needs.

Challenges

  • Pay structure increment and salary rise impacts from retrospective dates
  • Robust attendance management across multiple levels
  • Slab-based increases in pay structures
  • Multi-hierarchical support for approvals

Solutions

  • Flexible pay structures to accommodate salary variations
  • Automated payout arrears processing
  • Centralized attendance management for improved workforce tracking
  • Slab-wise increments with dynamic workflow support
Solution

Benefits

  • Auto-computation of payout arrears based on real-time data
  • Centralized automatic attendance tracking for better workforce management
  • Level-wise auto-increment for structured salary adjustments
  • Multi-level approval systems for seamless financial and HR operations

Insights

Improvement in attendance tracking

Efficiency boost in pay structure adjustments

Increase in payroll automation

Prominent Clients

Central Depository Securities Ltd. (CDSL)

Established in 1999, Central Depository Services (India) Limited (CDSL) is a prominent securities depository based in Mumbai, Maharashtra, India. As a Market Infrastructure Institution (MII), CDSL plays a vital role in the Indian capital market by providing electronic depository services for securities, facilitating the holding and trading of financial instruments in dematerialized form.

Company Strength : 446 employees

National Pension Scheme Trust (NPS Trust)

Established under the Indian Trusts Act of 1882, the National Pension System Trust (NPS Trust) is responsible for managing the assets and funds of the National Pension System (NPS) in India. NPS is a voluntary, market-linked retirement savings scheme introduced by the Government of India to provide citizens with a systematic and flexible way to save for retirement. ​

Company Strength: 

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