AZ fund – Pension fund management system

About the client

AZ fond is the largest pension fund in Croatia, with more than 500.000 active members and more than 30.000.000 system transactions. Founded by Zagrebačka banka and Allianz, AZ fond apart from managing manadatory fund (II pillar), manages a series of open and closed pension funds, and makes profit that is among largest in Croatia.

The challenge

AZ fond exceeds the other pension funds in Croatia by number of members. Accordingly, it processees on a daily basis a large amount of data regarding membership, fund management, monitoring of members’ personal accounts, payment processing and financial transaction (membership payments and funds payments), management of sales networks, sales improvements, provisions and many other activities.

The solution

During the years of cooperation with AZ fond, several projects were realized. The most significant ones are:

  • project of development, building and implementation of the management system for pension funds payables – in which the project for management of pension fund II column payables and III column open and closed funds was designed and implemented
  • web application project for members of II and III column funds – – was implemented as a modern application for reporting to fund members. Each AZ fond member can access it directly ( or through the AZ fond public site ( using one’s user number and password.

The results

For business operation support it was necessary to carry out specific solutions, which could not be found on the market. Therefore, according to the business specifications, NEOS has developed several solutions during the years of cooperation that provided AZ fond with high quality business operations.