Arca and Payfit: Automated Employment Pension Plans

Arca and Payfit team up to simplify payroll management and offer automated employment pension plans, helping Spanish companies attract and retain talent long-term.

As part of our mission to make employment pension plans a standard in Spain, we inaugurate our partnerships suite. Today, we are pleased to announce the addition of Payfit to our list of specialized payroll management partners.

Payfit is an innovative labor platform that simplifies payroll and human resources processes. As a comprehensive human capital management platform, Payfit provides real-time visibility into everything needed for personnel-related decision making. Currently, Payfit serves over 18,000 companies focused on the mid-market, so we are excited that this alliance will bring automated and hassle-free retirement benefits to their clients across the country.

At Arca, we believe in developing high-quality technological experiences together with our partners, and the combination of secure and personalized technologies is key to achieving this. This means there are no third parties or intermediaries interfering with employees' access to their benefits or with the privacy of their data.

Here's a preview of what you can expect from this Arca - Payfit partnership:

1. Payroll Automation

Companies can manage their payroll automatically without needing to invest time or even develop their own system from scratch. Payfit is a real-time solution that prevents errors, frees up time, and strengthens trust between companies and their employees.

Having the certainty that both employee and company know the details of their payroll breakdown is fundamental. The company can add value for the employee and focus on their professional development without having to worry about payroll management.

2. Seamless Benefits

When payroll is combined with an automated benefit, it's possible to offer clients an all-in-one solution.

Shortly after digitizing their payroll process, many companies begin considering benefits such as employment pension plans. Moreover, with more collective agreements in Spain implementing the obligation to offer pension plans to workers, having the pension embedded in payroll makes complying with these regulations simpler.

An employee savings program, in particular, helps companies attract and retain employees over extended periods. The company's support is present in every paycheck, a passive form of savings that grows over time.

3. Fast Assistance for Company and Workforce

With Arca, employees are not left helpless when questions arise about an employment pension plan. The true retention value occurs when the employee understands the value and perceives the usefulness of their company's pension plan.

While many questions can be answered in our Help Center, our support team is 100% available to answer all kinds of questions without the company having to intervene or send the employee to an insurance or banking branch.

In this way, Payfit and Arca collaborate to solve the challenge of sustainability in a welfare system that needs to readapt. And they do it through a payroll with a pension you will actually receive.