LATEST NEWS
2021-11-22 15:23:35

Globality recognized by Gartner® as a Cool Vendor in Strategic Sourcing Technology

Read the report to discover:

  • This year’s technology trends in sourcing and procurement
  • Recommendations for leaders responsible for sourcing and procurement technology solutions
  • Why Globality was named by Gartner as a Cool Vendor in Strategic Sourcing
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LATEST NEWS
2021-11-10 22:41:51

Accelerate Corporate Growth and Increase Value with ESG and Supplier Diversity

Download our infographic to discover:

  • The critical supplier diversity priorities of leading companies around the world
  • Global corporations' diversity spend goals for the next five years 
  • The key enablers to maximizing the benefits for your company
  • The four essential components of a successful supplier diversity initiative
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LATEST NEWS
2021-11-03 22:25:21

Why Procurement Leaders Must Believe in a Digital Future

Enjoy Dr. Epstein's thought-provoking insights and discover:

  • Why digital has not made its way to procurement
  • How digital solutions can help procurement expand its role in creating value
  • How you can lead the change in your organization
  • What procurement's new ecosystem should look like
  • How to know if your digital transformation has succeeded
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LATEST NEWS
2021-10-27 17:29:56

Reuters Global Markets Forum: Joel Hyatt Q&A - Using AI can help global companies address rising input costs

Digital technology can help global companies ease the burden of higher input costs in the coming months through improved sourcing, Joel Hyatt, CEO of Globality told the Reuters Global Markets Forum on Tuesday, October 19. Hyatt said that streamlining procurement processes and boosting competition can raise companies’ efficiency and savings by about 20%, adding that less than half of the more than $4 billion spent annually by the average Global 2000 company on services is allocated in a transparent, competitive manner.

Read the report below, or click here to download.

 

 

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LATEST NEWS
2021-09-22 23:26:32

DPW2021 Fireside Chat with Globality CEO Joel Hyatt and HFS Research CEO Phil Fersht

Learn more about the unique opportunity procurement has to use performance spending to enable a company’s ESG strategy and help create a more sustainable and inclusive world.

DPW2021 Joel Hyatt and Phil Fersht Fireside Chat

Why Procurement Has a Unique Opportunity to Enable a Company’s ESG Strategy

During his keynote session at DPW2021, Globality Co-Founder, Chairman and CEO Joel Hyatt discussed with HFS Research CEO and Founder Phil Fersht how CPOs can impact one of today’s top corporate priorities. Here we outline the key elements of this new vision for performance spending:

“Procurement has always been asked to deliver on the core value proposition of identifying high-quality suppliers at a good price, but CPOs and other procurement leaders are increasingly required to help advance a company's all-important ESG strategy. CEOs are not only talking about ESG – they've done that for a while – but they are now prioritizing company performance against stated goals.

And the reason they care so much about it is because it turns out that all their stakeholders – investors, shareholders, employees, and customers – care about it. So procurement is being asked to help, which makes a lot of sense because the biggest asset a company has to advance its ESG agenda is how it spends its money. As a result, procurement now has a second core value proposition that it needs to deliver on. How can it do this? The answer is very simple – by using sophisticated AI-powered technology.

DIGITAL TECHNOLOGY TO DRIVE TRANSFORMATION
Digitalization is the enabler, adding value to both procurement’s traditional focus on costs and supply, and the top new priority: ESG. In fact, we can put them together under a new framework termed ‘performance spending’. This means the impact that procurement can have today is far greater than it has traditionally enjoyed, making it a very exciting time to be in the sourcing industry. So how can procurement leaders lead the revolution and put this digital transformation into practice at their own companies?

For the most part, CPOs want to transform the way they source goods and services, even though change management is hard and transformational innovation is tough. CPOs want a seat at the table, and they want to have a meaningful impact on their company’s overall performance, but they don’t currently feel empowered to do it.

That’s why this framework of performance spending and understanding how AI-powered digitalization can lead the transformation is critical – it means CPOs now have the ability to deliver what nobody else in the company can.

IMMEDIATE IMPACT ON THE TOP AND BOTTOM LINE
With Globality’s AI-powered Platform, the CPO of a global enterprise with $6 billion a year services spend can walk into the CFO’s office and say I've got a billion dollars for you in immediate costs savings, which you can take to the bottom line or reinvest elsewhere. That sum is obtained by capturing enormous efficiencies, making OPEX savings, and delivering faster speed to market, all thanks to new digital technology.

They can then walk straight down the hall to the CEO, and say, “I can have a bigger impact on this company's ESG strategy than anybody”, because how a company spends its money drives performance on sustainability and creates more inclusive economies and better governance by building an ecosystem that's transparent, fair and open to all.

ENTERPRISE SPENDING FOR GOOD (ESG)
ESG used to be simple. The E rated a company's carbon footprint and its own environmental practices, the S referred to the diversity of its workforce and the G was simple compliance measures. Today it has a much broader impact – Enterprise Spending for Good.

The E refers not only to the environmental impact of the company itself but also that of its value chain – a complex, sophisticated network which digital technology simplifies and brings visibility to. The S communicates how a company is helping foster social inclusion and helping create more inclusive economies in the 100 plus countries in which most global enterprises operate today.

And the G refers to the ecosystem a company creates for its business globally. This ecosystem must be transparent, fair, inclusive for smaller and diverse companies, and judged solely on the merits of price, quality, proven performance, and passion.

SEIZING THE MOMENT
ESG has overtaken geopolitical risk and uncertainty as the most pressing consideration for global business over the next two years, according to new research from Oxford University and Globespan Insights, offering procurement an unprecedented opportunity to demonstrate the value it brings to an organization.

Previously many CPOs believed they lacked the ability to be game-changers, but procurement leaders now have the tools to become the key drivers of overall company performance. The result of this is that CPOs are not only going to have that seat at the table but their teams will become a very exciting place for employees to work because it's within procurement that they can actually help create a better world with greater environmental sustainability, more inclusive economies, increased transparency, and better corporate governance.

Procurement can lead a company’s performance on each of these key deliverables, but its leaders must act now and adopt the digital technologies required to enable this transformation before the moment passes.”

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LATEST NEWS
2021-09-07 22:19:07

Introducing Globality's AI-Powered B2B Services Marketplace

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Globality simplifies and streamlines the way enterprise business people find and connect with qualified agencies, firms, and other vendors across every strategic service category. 

With powerful guidance from Glo, Globality's cutting-edge artificial intelligence, every user is able to self-serve service needs with unprecedented efficiency and effectiveness — reducing months of process into hours. 

Glo's robust, merit-based supplier matching ensures highly qualified suppliers for every project, completely eliminating the need for additional identification or discovery steps while enabling meaningful, built-in supplier diversity and inclusion. Plus, side-by-side comparison at every stage, creates an objective environment to easily evaluate capabilities and proposal details in order to assess and award projects in a fair and unbiased ecosystem. 

Whether you're sourcing complex programs amongst dozens of suppliers or individual projects, Globality empowers your teams to achieve real-time sourcing with better results than ever before.

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LATEST NEWS
2021-08-19 10:36:40

Find out how you can elevate your team's impact beyond savings and compliance to build tomorrow’s procurement function, today.

The time is right for procurement to drive greater strategic value
and growth by embracing these five guiding principles:

  • Turn spend into an asset to drive growth, create enterprise value and, crucially, lead the company’s ESG agenda
  • Empower business partners with autonomous, intuitive, consumer-like user experiences
  • Evolve procurement’s operating model to a best-of-breed ecosystem that allows multiple digital solutions to work together
  • Use new technologies to free procurement talent from repetitive manual tasks and redeploy across value-creating roles
  • Redefine how value is measured to align with the new vision for the future of sourcing goods and services
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LATEST NEWS
2021-07-29 12:00:00

Globality and Allegis Global Solutions Partner to Transform How Companies Source and Manage Services to Maximize Spend Value

Globality’s AI-powered Platform and marketplace will ensure Allegis Global Solutions’ customers have a comprehensive solution for all their services sourcing requirements. 
 

Read the press release below, or click here to download.

 

 

Reinvent sourcing. Reinvigorate business.

Experience the transformational impact of AI-powered Smart Sourcing.

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LATEST NEWS
2021-07-28 22:09:53
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LATEST NEWS
2021-07-27 18:03:30

The World’s First AI-Powered B2B Services Marketplace

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For decades, enterprise procurement organizations have struggled to effectively source highly qualified B2B service providers at scale because of cumbersome, analog RFP systems and other antiquated processes.  

Globality is the first end-to-end platform that uses cutting-edge artificial intelligence to fully reimagine the way businesses buy and sell services. Our unique, AI-powered, Smart Sourcing® Platform brings digital transformation to procurement — helping enterprise customers increase efficiency, reduce costs, improve quality, and advance their ESG strategies.  

Globality partners with Global 2000 companies, and a wide range of large, small, diverse, and ESG-certified suppliers, to transform services procurement — including how they capture and manage demand, tender, negotiate, evaluate, and find best-fit suppliers — using a self-service, consumer-like experience. 

Our customers can source from a multitude of service categories including marketing, legal, consulting, HR, IT, and facilities management — accessing incumbent and other highly vetted, qualified suppliers with unprecedented speed, precision, and impact. 

With our best-of-breed sourcing solution seamlessly integrated into enterprise source-to-pay ecosystems, businesses can finally enable efficient, fair, sustainable sourcing for every strategic need — unlocking a whole new world of spend management and spend impact.  

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LATEST NEWS
2021-07-19 19:27:46

Globality Recognized for Best CEO for Diversity, Best Leadership Team and Best Career Growth in Comparably 2021 Rankings

We're thrilled with our employees’ continued engagement and connection with Globality’s mission, enabling us to win three Comparably 2021 awards – Best CEO for Diversity, Best Leadership Team and Best Career Growth. 

Read the press release below, or click here to download.

 

 

We're Hiring!

Join us in creating a level playing field for all companies to compete in the world’s first AI-powered B2B services marketplace.

See Job Openings

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LATEST NEWS
2021-07-15 21:58:44

See how enterprise companies use AI to maximize spend results and stakeholder experience.

Leading companies are using cognitive sourcing to:

  • Achieve better sourcing outcomes across larger amounts of spend.
  • Streamline process and speed time-to-contract and time-to-value.
  • Increase internal customer satisfaction, empowerment, and productivity.
  • Demonstrate procurement’s strategic leadership to the wider business.
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2021-07-09 17:42:00
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2021-07-07 22:02:14
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LATEST NEWS
2021-07-02 21:17:00

Globality Enables Santander to Digitize Service Sourcing and Accelerate the Group's ESG Strategy

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Ana Botin, Executive Chairman of the Santander Group, and Globality CEO Joel Hyatt explain how Globality empowers the financial group’s ESG strategy and commitment to responsible sourcing across all the countries in which it operates. Originally posted by Aquanima, here.

In its commitments to innovation and corporate responsibility, Aquanima, the global procurement arm of the Santander Group, is using its procurement expertise and Globality's AI-powered B2B services marketplace to significantly improve customer and supplier processes to build a better world for all.

With Globality, procurement teams have a unique opportunity to help create a better world by advancing ESG, the environmental, social, and governance strategy that is of increasing importance in all companies today. Procurement in the future will be much more strategic and valuable as we shift to “impact spending."

Impact spending will influence suppliers to operate more sustainably – in great part by using technology to select suppliers with best practices in sustainable performance. This enables global corporations to help create more inclusive economies by spending more money locally in the countries in which they operate, and by sourcing from outstanding smaller and diverse firms. And impact spending will assure transparency and compliance, both of which are far easier to achieve in an AI-powered digital universe than in the old analog world.

Through our partnership, Globality and Aquanima are providing the leadership in making procurement be about impact spending, creating value for Santander throughout the procurement process, and at the same time building a sustainable and inclusive global economy.

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2021-07-01 23:10:00
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LATEST NEWS
2021-06-23 19:37:46

CPO Spark: Reinventing Procurement for a Better World

In association with the Financial Times, our CPO Spark Think Tank brings together a hand-picked group of progressive CPOs from market-leading companies around the world who want to drive positive change and top-line growth in their businesses. Over the course of four in-depth virtual sessions, the group is focusing on the strategies, new technologies, and bold ideas helping CPOs innovate and add value to the wider business while responding to the pressure to reduce costs and mitigate risk in a time of unprecedented change. The inaugural session looked at the effects of the pandemic on procurement functions and began to explore the ways transformative CPOs are revisiting their operating models and processes, as well as the composition of their teams, to place procurement at the heart of organizations' growth during the economic recovery.

Read the report below, or click here to download.

 

 

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2021-06-23 17:37:00
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2021-06-21 21:43:00
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2021-05-28 05:53:24
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2021-05-18 15:30:51
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2021-05-11 22:28:00
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2021-04-26 23:14:00
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2021-04-20 13:25:47

Globality Recognized As HFS Hot Vendor by HFS Research

Globality was selected as an HFS Hot Vendor by HFS Research, the leading analyst advisory authority covering global IT services, emerging technologies and business operations. HFS recognized Globality for having "an innovative solution for smart self-sourcing utilizing the combination of automation, AI, and analytics."

HFS Hot Vendors are service and technology providers hand-picked by the research firm’s expert analysts to help companies identify innovative ideas that solve today’s complex business problems and exploit market opportunities. This recognition makes Globality part of “an exclusive group of emerging players, each with a differentiated value proposition, based on their offerings’ distinctiveness, ecosystem robustness, client impact and financial position.”

Read the report below, or click here to download.

 

 

Source Services Like Never Before

Experience the AI-Powered sourcing ecosystem.

Learn More

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2021-04-19 23:27:00
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2021-03-24 20:32:00
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2021-03-08 20:10:00
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LATEST NEWS
2021-02-03 16:50:04

Spend Matters: What’s behind the investment in Globality’s services sourcing solution?

Globality recently completed a $138 million Series E round from Sienna Capital, a wholly owned subsidiary of Groupe Bruxelles Lambert, and Softbank Vision Fund, bringing the company’s total funding to $310 million since its inception in 2015. This funding will support the company’s continued growth, including go-to-market and client-facing activities and, of course, product development, including user experience design (UX), industry vertical expansion, spend category additions, internationalization, etc.

 
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LATEST NEWS
2021-01-20 01:42:00
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LATEST NEWS
2020-10-28 17:13:45

Spend Matters: The Digital Consumerization of Services Buying

The traditional ways of sourcing services have become obsolete in the new normal. Procurement must pivot to support the business’s end-to-end value chain needs, including those of internal stakeholders. In this new report, Spend Matters analyst Andrew Karpie shares how new technology solutions are critical to meet increasing demands and expectations by delivering a customer-centric, consumer-facing, self-service experience.

 
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LATEST NEWS
2020-10-08 14:40:36
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LATEST NEWS
2020-10-01 18:18:00

Procurement Leaders CPO Challenger: Disrupt or be disrupted

While traditional business models are being strained by the global Covid-19 pandemic transformational CPOs are using this opportunity to reinvent the function and introduce new ways of working, according to participants in a virtual roundtable, partnered by Globality, held during Procurement Leaders’ Americas Procurement Congress Virtual 2020.

 
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LATEST NEWS
2020-09-18 18:37:00
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2020-08-26 16:25:00
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LATEST NEWS
2020-06-04 17:01:00

Join us in leveling the playing field.

On June 4, 2020, our CEO Joel Hyatt reiterated Globality’s commitment to bringing opportunities and access to minority-owned and diverse firms.

To advance this important mission, Globality will be waiving its fees for the next two years when our enterprise customers award business on Globality’s Platform to minority- and diverse-owned firms.

A letter from Globality CEO Joel Hyatt

 

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LATEST NEWS
2020-05-26 22:26:50

Be the Procurement Innovator - Challenges and Best Practices

This downloadable brochure describes the challenges and best practices for CPOs leading innovation within their procurement organizations.

 
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LATEST NEWS
2020-05-26 22:16:56

Best Practices in Rolling Out Transformational Innovation in Procurement

Wondering how to achieve digital transformation and yet manage change effectively? Take a look at these best practices.

 
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LATEST NEWS
2020-05-26 22:01:56

Reducing Costs with Smart Demand Management using Globality

This downloadable brochure describes how CPOs and procurement executives can effectively reduce costs and manage demand with Smart Sourcing.

 
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LATEST NEWS
2020-05-26 21:33:19

Globality Overview for Strategic Sourcing

This downloadable brochure describes how CPOs and procurement executives can bring transformational innovation to sourcing services across all high-value strategic spend categories using AI.

 
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2020-05-11 18:16:00
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2020-05-06 17:18:00
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2020-04-13 22:55:00
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2020-04-03 00:17:00

Infographic: Procurement at the Inflection Point

We surveyed 101 procurement executives on the state of digital transformation at their companies. Here are highlights of what they said about the future of procurement.

 
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2020-03-03 23:51:00
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2020-03-01 23:37:00
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2020-02-10 18:20:00
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2020-01-27 18:59:35

Globality CEO Joel Hyatt on CNBC Squawk Box

Our CEO Joel Hyatt joins CNBC Squawk Box Europe to talk about the future of work, and the impact digitization and AI are having on globalization.

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LATEST NEWS
2020-01-24 18:07:00
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LATEST NEWS
2020-01-09 23:05:43

Using Artificial Intelligence to Identify Complex Intent

AI engineer Pierce Freeman examines the way that the Globality Platform helps your company identify complex intent, and how Globality’s cutting-edge AI is able to match your company to the best supplier at the right price for every project.

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LATEST NEWS
2020-01-09 22:50:25

How Globality Smart Sourcing™ Works

AI engineer Pierce Freeman describes the way Glo, Globality’s cutting-edge AI engine, matches your company to the best supplier at the right price for every project.

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2020-01-08 22:02:00
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2019-04-26 20:26:30
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2019-04-09 19:16:00
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2019-04-05 15:56:00

Globality Mission Video

Featuring our CEO Joel Hyatt, former PwC Chairman Dennis Nally, and former Secretary General of the International Chamber of Commerce John Danilovich.

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2019-04-04 19:11:00
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