Allianz Global Investors digitizes its supplier management processes with SirionLabs
“ Allianz Global Investors is leveraging best-in-class technology to supercharge the transformation of its vendor management ,” says Helmut Boisch , Head of Vendor Management for Allianz Global Investors , about the key partnership with Contract Lifecycle Management leader SirionLabs .
“ The journey with SirionLabs stands out ,” Boisch says . The bank uses SirionOne to manage everything from the simple but time-intensive tasks of categorising and searching through contracts , to specifics such as surfacing and monitoring obligations and raising those with vendors . “ Those things get managed automatically in SirionOne , the smarter contracting platform ,” says Boisch . “ That ’ s just one example , but there are many others for how we use SirionOne .”
Other important processes , such as structuring and organising KPIs , creating reporting dashboards for internal stakeholders , and tracking impacts and trends that do not fall within traditional metrics are also seamlessly handled inside SirionOne . But Boisch says the true value of the partnership lies in the “ many things SirionLabs is doing to broaden the way that the software can be used ”.
“ And that ’ s not even including all of the thought leadership that comes out of SirionLabs ,” Boisch adds . “ For a software vendor like SirionLabs to not only take the forefront of the development of how one steers a vendor like this , but to also provide the thought leadership and the ecosystem that allows you to connect with other vendor managers , I think that ’ s a very , very powerful thing .”
The result is a true , tightly integrated , holistic supplier ecosystem . Boisch is actively working to onboard more of Allianz Global Investors ’ suppliers to simplify documentation , improve collaboration and provide greater control and accuracy over documentation and obligation oversight . The company is thus all set to extract the maximum value out of their contracts by evaluating contract performance in its truest sense .
Examples include tracking a certain number of obligations on the part of the supplier , accessing documentation to prove the completion of external audits , or other vital data the firm needs to measure and collect .
“ We are always looking at opportunities that require more scope within SirionOne , and how to connect the dots between Sirion and other providers that might be used in complementary departments within our firms ,” Boisch says . “ Over time , we ’ ll continue to expand that .”