Comarch Asset Management in Aviva PTE

PRLog (Press Release) – Oct 15, 2009 – Comarch has signed a contract with Aviva PTE for the implementation of the Comarch Asset Management solution. Aviva (formerly known as Commercial Union) manages Poland's largest open pension fund with net assets amounting to over 43 billion PLN and has more than 25% of the obligatory pension fund market share. Aviva is the world’s fifth largest insurance group, operating in 27 countries and supporting 50 million customers, including more than 3 million Poles.

The Comarch Asset Management implementation project covers all key areas of the company business, including pension fund asset management and company operational activity. The project automates business processes in the areas of investments, accounting, supervision and investment risk control. The project also includes the implementation of an analytical module - a new solution that extends Comarch’s existing offer in relation to systems that support asset management companies.

- Choosing a Comarch solution allows us to meet the most important functional requirements and optimize our business processes. It is highly important for us to conform to the highest standards set by the Aviva group in terms of the financial information quality for all clients - says Piotr Godlewski, Delivery Manager, Application Development Department, Aviva PTE.

- Aviva PTE is the third Polish company belonging to the Aviva group that has decided to choose the Comarch Asset Management solution. Comarch’s long term experience in asset management system development enables offering a fully mature product which meets the very high requirements that our clients set. We are pleased that after intense negotiations we have succeeded in signing this contract and winning such an important customer as Aviva - says Bartosz Czyz, Business Solution Manager, Capital Markets Consulting Center, Comarch SA.

Comarch Asset Management is a solution supporting process management, asset valuation and asset registers, fully adapted to the legal requirements concerning the operational activity of pension and investment fund companies, insurance and asset management companies, as well as banking depositaries. The advantage of a Comarch Asset Management implementation is the automation of business processes ensuring compliance with the requirements of supervisory authorities as well as a broad scope of integration and development possibilities in response to a changing business and legal environment.

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Anna Lik
PR & Marketing Manager
finance@comarch.com
Comarch SA (Finance Unit)
www.finance.comarch.com