Invoice Management Module

1. Training Partner(TP)/ Training Center(TC) can raise invoice (Training Invoice/ Food-Lodging Invoice) from their login against a running batch depending on various milestones achieved.
2. Invoices amount generation can be set on different eligibility criteria/status of candidate such as minimum attendance, certified, placed, etc.
3. Invoice is sent for approval, if required rectifications made in the invoice.
4. Department verifies the invoice details and approves it.
5. Department makes payment using Universal Payment Gateway(UPS) directly to Training Partner(TP)/ Training Center(TC) account.
6. In case manual mode of payment, TP/TC uploading the proof of getting payment.
7. Invoice pending for approval notifications can be sent to concerned, pendency report is also available in the report section.

Financial Management System (FMS):

1. A robust online payment system UPS (Universal Payment System) is developed by MKCL having integration with all leading Banks through major payment gateways like PayU, ICICI, Billdesk etc.
2. All commonly used payment modes like Credit Card, Debit Card, Net-Banking is support along with offline payment modes like Cash, DD and Challan etc.
3. Integration with any other payment gateway as preferred by Skill Development Mission is also possible based on APIs available with the payment gateway.
4. Payment reconciliation facility with Bank is present in both online and offline modes. Reconciliation system in UPS supports both manual and automatic reconciliation.
5. System provide Daily MIS reports required for monitoring purpose.
6. Various fees like course fee, training partner or center registration fee, assessment fee etc. can be maintained in individual configurable module and are highly customizable as per requirements.
7. Third party solution for the purpose of accounting management can be purchased by Skill Development Mission to handle day to day accounting and reporting. We propose to have Tally for this.
8. The accounting related to Skilling Project i.e. collection of fees, if any and disbursement of fees details will be managed by our financial management system.