Success Story: Allianz Global Investors in Europe

Introduction of calculo for the calculation of product- and distribution data

Allianz Global Investors in Europe

Parallel to the introduction of a European Trailer Fee billing solution, Allianz Global Investors in Europe (AllianzGI) has worked closely with Sowatec to develop and implement 'Scores' - a rule-based Sales Controlling platform. Besides data preparation and enrichment, 'Scores' handles a wide variety of calculations relating to the funds managed, administered or sold by AGI including AUMs (Assets Under Management), NCF (Net Cash Flows) or transactions.

Success Story

Company

Allianz Global Investors manages assets in all major asset classes and regions. The experts of the asset management unit at Allianz SE are globally present with 22 locations in 18 countries and a strong presence in Europe, the USA and Asia. With some 500 investment specialists, the investment management team covers every important financial and growth market in the world.

Interviewee

Guido Bachmann, Head of Revenues, Corporate Finance Allianz Global Investors talks about the introduction of 'Scores' for the calculation of product- and distribution data.

Details

  • Challenge

    The European Sales Controlling teams were reliant on a variety of systems to produce sales and management information reports. To speed up the process, AGI was looking for a solution that would automatically locate and integrate relevant data.

  • Goal
    • A uniform basis for data management
    • Greater data security and quality via individually configurable tests
    • A faster and more flexible process for creating European and Asian sales controlling reports
  • Solution

    Thanks to the central Sales Controlling platform, data from widely different sources (Golden Sources) can be processed, aggregated and analysed. This data is subsequently used for the reporting of various internal organisational units and functions (sales, product management and the European management). The information also serves as the basis for the pan-European Trailer Fee calculation

    The Trailer Fee calculation requires master and inventory data, as well information about complex sub-custody logic. Furthermore, a variety of relationships between the worlds of Sales Controlling and Trailer Fees need to be mapped by the platform. With ‘Scores’, complex calculations (including AuM and NCF) covering various fund groups can be performed.

    In addition to internal reports and queries, data can also be sent to the global finance and reporting systems.

 

‘Scores’ is used worldwide in different European and Asian countries

 

 

 

Read an excerpt from the interview with Guido Bachmann, Allianz Global Investors in Europe.

The Trailer Fee calculation requires master and inventory data, as well information about complex sub-custody logic. Furthermore, a variety of relationships between the worlds of Sales Controlling and Trailer Fees need to be mapped by the platform. With 'Scores', complex calculations (including AuM and NCF) covering various fund groups can be performed. In addition to internal reports and queries, data can also be sent to the global finance and reporting systems.

 

What were the reasons and the goals for this project?
The main goal of the project was to improve the quality and timeliness of the European Sales Controlling reports. In addition, it was an opportunity to create a European Golden Source for AuM, NCF and Run Rate Revenues (RRR).

 

How was European Sales Controlling and Reporting handled in the past?
Before the implementation of ‘Scores’, our IT landscape was heterogeneous: two different systems were used in Germany and France and the reports were created out of several Access databases.

 

Were there any major project dependencies? What problems did you encounter during the project?
We had to take constraints into account relating to two major projects running in parallel:

  • The setup of the European institutional database
  • The European roll-out of the open-ended investment fund database

Managing these two projects at the same time was sometimes a bit challenging.

 

What improvements were made in terms of process, timeline and quality of data?
We now have a European harmonised process which enables us to deliver very good quality timely reports (weekly at D+5). We are nevertheless still working to optimize the timing.

Learn more about calculo

Our customers need flexible and powerful solutions in response to the complexity of regulatory challenges and complience requirements. Sowatec’s software solution calculo is modular and meets the sophisticated needs of all our customers.

Learn more about calculo

Our customers need flexible and powerful solutions in response to the complexity of regulatory challenges and complience requirements. Sowatec’s software solution calculo is modular and meets the sophisticated needs of all our customers.

Guido Bachmann Guido Bachmann

Head of Revenues, Corporate Finance


"Scores enables the Sales controlling team to be a trusted advisor to the Sales Managers when it comes to steering the business."

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