Zurich Manages Transform Procurement and Global Spend with Procurian and Genpact

Contract to reduce cost, redefine procurement infrastructure and fuel business growth for insurance provider

Philadelphia—April 24, 2012—Per a new contract with procurement solutions provider Procurian Inc. and business process and technology management services provider Genpact Ltd., Zurich Insurance Co. Ltd. and its subsidiaries (Zurich) will now utilize the Source-to-Pay solution to reduce costs and continuously optimize spend in the areas of IT, professional services, marketing, HR, facilities and travel. 

“This contract brings together all of the elements required to extract value from a company's source-to-pay activities on a truly global scale, including the expertise to address all spend and capabilities and deploy an integrated solution across the client's worldwide operations,” said Bill Huber, Partner, ISG.

Zurich will leverage Procurian's Specialized Procurement Infrastructure—enhanced by Genpact’s Smart Enterprise Processes (SEP) framework—to transform Zurich’s procurement capabilities globally. In partnership, Procurian and Genpact are focused on helping clients transform Procurement into a strategic function that delivers measurable savings and fuels growth.