Collective Purchasing: A Strategic Lever to Optimize Costs and Gain Efficiency
In an increasingly demanding economic and regulatory environment, External Asset Managers (EAMs) must constantly optimize their cost structures while maintaining a high level of service for their clients. Collective purchasing emerges as an effective solution to reduce expenses, improve commercial conditions, and access high-quality services.
Why pool your purchases?
- Significant Economies of scale By grouping their purchases, EAMs benefit from preferential rates and more advantageous conditions from suppliers. The volume effect allows for the negotiation of discounts that would be inaccessible individually.
- Access to High-Quality Service Providers The selection of suppliers is based on rigorous criteria, ensuring that members have access to proven and high-performing solutions. AWAP ensures that the services offered meet the specific needs of EAMs.
- Time Savings and Administrative Simplification Negotiating individually with multiple providers is time-consuming and resource-intensive. Through collective purchasing, administrative procedures are streamlined, allowing members to focus on their core business.
- Greater Flexibility Members maintain their independence and remain free to choose the services they wish to use. Collective purchasing does not impose a systematic commitment; it simply offers a more advantageous alternative.
- A Dynamic of Continuous Sharing and Optimization By joining a structured network, EAMs can exchange experiences and benefit from the sector’s best practices. This fosters a collective and evolving approach to market challenges.
AWAP: An Ecosystem Designed for Collective Purchasing
AWAP establishes strategic partnerships with leading service providers to offer solutions tailored to the challenges faced by EAMs. Our members benefit from optimized conditions across a range of services covering essential needs: Compliance, IT, Portfolio Management Systems (PMS), CRM, training, management tools, and much more.
Thanks to the purchasing power of the collective, we enable EAMs to reduce their costs while maintaining their standards for quality and efficiency.
To find out more about our collective purchasing solutions, contact us or visit awap.ch.