In September, Millennium Bank in Poland introduced a special solution intended for sole entrepreneurs. The Millennium Accounting platform is a tool that supports them in accounting, cost control, and effective debt collection. The service also allows its business customers to store documents and share them with their accountants safely. Millennium Accounting has been integrated with online banking, so the customer logs in to it the same way as to his/her account. Integration with online banking in the future will also make it much easier to make payments and settle them.
Customers can use the platform in two different ways:
– by having an independent accounting on the Millennium Accounting platform,
– by keeping accounting by a designated accountant who will also be responsible for contacts with offices.
The service partner is CashDirector.
“Running the business is a big challenge. That’s why we support our customers by providing more and more solutions that help them to focus on their businesses. Today, we are pleased to present the modern Millennium Accounting platform – an online tool for independent accounting, streamlining business finances, and supporting the control of liabilities and receivables,” – says Tomasz Pol, Head of the Retail Banking Marketing Department at Millennium Bank.
“Together with Millennium Bank, we focus on meeting the needs of entrepreneurs by providing comprehensive tools that facilitate business activities. Our many years of experience in the area of financial solutions allows us to provide customers with access to advanced solutions, such as a payment planner, cost control, and effective documentation management and also helps them carry out everyday activities, e.g. issuing invoices or settling taxes. The platform also facilitates cooperation with accountants who carry out settlements during the month, thus enabling customers to have an ongoing view of their financial situation. We believe that our joint work will contribute to the success and growth of businesses using the Millennium Accounting platform. We strive to improve the quality of financial management of every business, especially in the context of the upcoming Polish National System of e-Invoices (KSeF). This is another step towards improving accounting and administrative processes, which is important for the future of our economy and the effective functioning of businesses,” – says Łukasz Bystrzyński, Managing Director/Chief Strategy Officer at CashDirector.
“We make sure that the tools offered to our customers for everyday management and building a modern and competitive business are innovative and meet expectations in the rapidly changing digital reality. Accounting services related to electronic banking are a convenient solution for people who value their time and expect comprehensive solutions. This is another step for us in building an offer for business customers in electronic channels,” – says Paweł Idzikowski, Head of the Electronic Banking Team for Enterprises at Millennium Bank.
The services available on the Millennium Accounting platform are provided by a partner with over ten years of experience – CashDirector. As part of the promotion, for the first three months, each customer will be able to use the platform’s solutions for free, supporting the management and control of the business’s finances, included in the top Business package. This will allow customers to become familiar with the platform’s capabilities, such as unlimited issuance of invoices and recurring invoices, control of receivables from counterparties, costs, and document archives, and the use of the module for independent accounting (unless they choose full accounting services) during the promotional period.
Millennium Bank attaches great importance to the development of services for business customers. Recently, the Bank introduced a full online application for a cash loan with a de minimis guarantee, and a business registration directly from the Bank’s website or mobile application. The Bank also launched the Millennium POS application, which turns the customer`s smartphone into a payment POS. E-commerce representatives will soon be able to take advantage of the Bank’s special offer allowing them to set up an online store with a payment gateway.
More detailed information can be found here (in Polish).
Source: the Bank`s press release dated September 26, 2023
