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SIPS manages:
- Free Shares.
- Partnership Shares.
- Partnership and Matching Shares.
- Dividend Shares.
SIPS framework includes:
- Data import facility.
- Search facility.
- Security features with multi-user login.
- Multi currency.
- Automatic application of statutory and plan limits.
- Comprehensive reports and documents including Inland Revenue Tax Return
forms, Free Share & Partnership Share Agreements, Certificates of Award,
employee & company status reports, dividend vouchers, notification of
taxable amounts under PAYE.
- Flexible bases of allocation including Method 1 and Method 2.
- MANAGEMENT TOOL for determining the appropriate bases for share allocations.
- Automatic creation of Trustee/Employee cash/share accounts.
- Scaling down of Partnership shares, forfeiture of Free & Matching shares etc.
- Tracking and logging system.
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