Funds refer to financial resources allocated for specific purposes, such as employee salaries, benefits, operational expenses, or investment projects. Organizations manage various types of funds, including provident funds (PF), gratuity funds, pension funds, and corporate expense funds, to ensure financial stability and compliance with regulatory requirements.

In external workforce management, managing funds is crucial for payroll processing, contractor payments, and statutory compliance. Proper fund allocation ensures timely wage disbursement, adherence to labor laws, and seamless financial planning for contract workers, gig employees, and blue-collar workforce.