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21.01.2020

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Millennium TFI together with Comarch are improving PPK service in companies

The opportunity to conclude an agreement online on management of Employee Capital Plans, easy integration with in-house IT system observing highest security standards, mobile access to tracking the balance of accumulated funds per employee - these are some of the benefits for businesses, which decide to implement PPK with Millennium TFI.

Thanks to the Comarch PPK system companies will integrate their financial accounting system at no cost, quickly and completely with the Millennium TFI PPK system. This will greatly simplify processes in the company, which are related to PPK and will assure their automation, maintaining the highest level of data security. It is important to note that in case of businesses, which already have the ERP HR system, data in the Comarch PPK system will be updated automatically, e.g. salary or percentage value of the contributions. Additionally the Comarch PPK system also works with data from HR-payroll systems from other developers.

- From the point of view of the company the HR-payroll system integration will eliminate the need to dedicate additional resources to managing PPK-related processes and will reduce costs as well as risk involved with data transfer errors - Krzysztof Kamiński, Member of the Management Board of Millennium TFI, said.

- The Comarch PPK system will take the user through the entire process involved with PPK management in the company in an intuitive and convenient way – Tomasz Homel, Director of Comarch ERP Systems Department, emphasised.

- Bank Millennium offers to businesses the opportunity to integrate financial accounting systems with the bank’s systems; this also applies to ERP systems from Comarch. Thus the decision of the company from Bank Millennium group to expand its relationship with our partner to include PPK was a natural response to our clients’ needs – Andrzej Gliński, Bank Millennium Management Board Member, noted.

Apart from the above-mentioned functionality businesses, which decide to work with Millennium TFI with respect to PPK, shall gain following benefits:

  • the opportunity to conclude the PPK management agreement online with Millennium TFI, via the www.millenniumtfi.pl/ppk website or through the Comarch PPK system,
  • sending employees’ declarations directly and informing about the contributions from the company’s HR-payroll system to the Millennium TFI system,
  • automatic handling of processes involved with PPK without the need to send any files,
  • no need to engage additional resources to manage PPK, which generates savings.

Employees of a company, which signs an agreement with Millennium TFI, have the following assured:

  • online and mobile access to information about the balance of funds, opportunity to track portfolio growth and making personal adjustments in the plan,
  • a network of close to 800 Bank Millennium branches throughout Poland, in which they can make transactions on their PPK account or get information on how to do it,
  • attractive retail banking offering of Bank Millennium.

- Implementing PPK together with Millennium TFI is simply good for the employer and the employee - Krzysztof Kamiński emphasised.