This article was originally published at https://artofprocurement.com/moving-procurement-from-a-cost-center-to-a-transformation-engine/

This video was originally published by Digital Procurement World.

This article was originally published at https://artofprocurement.com/episode390/

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.

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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.

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.

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.

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.

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

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

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

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.

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.

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.

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.

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