Grazer Wechselseitige Versicherung: A New Standard in Portfolio Management

A building in the city centre of Graz

Efficient data management has become a critical success factor for companies. With the help of Goldright, the large European insurance company was able to revolutionize its data management and increase efficiency and accuracy in a previously manual and error-prone process.

The starting situation

Challenge in the sea of data

GRAWE faced significant challenges in managing their holdings. The use of numerous Excel spreadsheets led to increasing complexity and susceptibility to errors. Over 20,000 documents and logs were stored in the file system and were not machine-processable, additionally lacking automated approval processes. Ensuring the timeliness and consistency of the data in a dynamic investment structure became a severe test.

The solution

Why was the decision made in favor of Goldright?

  • Economic efficiency: Convincing value for money.

  • Local proximity: Direct contacts on site.

  • Adaptability: The ability of the software to adapt to specific business requirements (Low-Code).

  • Complex structures: Problem-free mapping of deeply nested ownership structures.

  • Collaboration: Simultaneous access by multiple users possible.

  • Self-Service: Independent integration of requirements without comprehensive programming knowledge.

How we supported Grazer Wechselseitige Versicherung

With Goldright Legal Entity Manager, we can now access a wide range of information about our companies, including their contracts and documents, at the click of a mouse. The versioning function is particularly helpful, as it also allows historical data to be backed up and retrieved.

Smiling woman with long wavy hair in a gray pinstripe blazer and white shirt, standing against a white background.

Kristiana Steiner

Legal Department and Compliance, Grazer Wechselseitige Insurance AG

Revolutionizing the management of participations

Before Goldright, each company had its own Excel sheet with master data and representatives – similar, but never identically structured. Goldright automatically integrated this data into a central system and linked them intelligently. The approximately 20,000 documents are now accessible in seconds via full-text search. Additionally, data inconsistencies were eliminated and automatic reminders for expiring mandates were introduced, significantly reducing the risk of errors.

Before

Tedious compilation of information from various, scattered sources.

Now

Comprehensive overview of all relevant data in a centralized system.

A building in the city centre of Graz

Future prospects

The successful implementation of the Goldright Legal Entity Manager at GRAWE exemplifies the potentials that customized software solutions can offer in the field of data management. It clearly demonstrates how innovative solutions can not only ease daily workflows but also make a sustainable contribution to a company's success.

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Find out how Goldright can help your business adapt to changes in data management.

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Philipp Seibald

Vice President Sales

+43 664 60801616

[email protected]

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