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Allianz Global Investors Case Study: The shift from administration to strategic sourcing

Allianz Global Investors (AllianzGI) is a leading active asset manager with investment professionals in 25 offices worldwide. The Market Data Team is part of Global Procurement, managing 150 vendors and 1,850 contracts covering 1,300 users.

Allianz Global Investors takes on TRG Screen's managed services

Part of the problem: Decentralized process

The Market Data Team at AllianzGI – leveraging TRG Screen's spend management system since 2012 – has dedicated regional resources responsible for managing market data services in Europe and the US. But this was not the case in Asia, where the process was decentralized. The Market Data Team did not have full transparency across the whole business – Asia was missing from the global picture.

Other challenges included:

  • Keeping business as usual...
  • Time consuming report generation
  • Manual data cleansing – through the night...
  • Joiners, movers and leavers process...

Furthermore, and perhaps most importantly, a highly skilled team was bogged down in administrative tasks rather than engaging with stakeholders on strategic matters that could really add value to the business.

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The Solution – Managed Services

The AllianzGI Market Data Team looked for a solution that could bring Asia under centralized management, with operational resilience embedded across global operations. It wanted to benefit from automation and process efficiencies, with enhanced reporting that would help the team to drive greater value back to the business. 

These requirements guided the team towards a managed service solution. After concluding a competitive tendering process, TRG Screen was selected due to its fit with AllianzGI requirements.

This led them to a full-lifecycle solution from TRG Screen – global, centralized management of all market data vendor, inventory and order management, with 24/7 service support. The onboarding process itself generated many quick wins. Through consolidation onto global agreements and removing unused licenses, Asia benefitted from a 15-20% cost saving.

“Time, money, risk and reputation are the cornerstones of procurement. TRG Screen is supporting us in all four dimensions by managing our market data services for us. We now have time to focus on areas that will bring strategic value. We save money, up to 30% in many cases. We reduce risk because we are compliant with license agreements. The fourth is reputation. We are now able to support the business as a trusted partner, backed by accurate data.” - Janos Bohnke, Head of Market Data, Allianz Global Investors

Read the full Case Study below to find out more about AllianzGI's best practices & savings

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