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Globality: Vendor Analysis — Services sourcing solution overview, roadmap, competitors, tech selection tips, analyst summary

11/02/2022 By

This Spend Matters PRO Vendor Analysis provides an overview of Globality and its services sourcing solution. Globality’s solution uses AI technology to implement a self-service approach to services procurement.

B2B self-service platforms that allow you to search for suppliers you would otherwise not be able to reach is a fairly new concept in the world of indirect services sourcing. Traditional sourcing methods are becoming outdated due to their lack of visibility into sourcing, as well as a bias for well-known or incumbent providers over new, small or diverse organizations.

Globality is one of few self-service B2B vendors that has applied a business-to-commerce (B2C) model to services sourcing. B2B vendors that use a B2C model are learning to create a fair, ethical model for sourcing services.

Globality’s platform, using its AI tool called Glo, gathers data and intelligence from Globality’s community. They pair this with existing information and documents from each client to streamline the sourcing process from creation of request for proposals (RFPs) to selection and award of providers. It describes itself as the only AI-powered B2B services vendor and seeks to revolutionize the entire source-to-contract process.

Here's why Globality matters:

  • To the market — Globality offers a modernized approach to services procurement across all service verticals. It does this through its use of AI to streamline the scoping, proposal and award process for service providers.
  • To customers — Globality’s customers benefit from access to over 27,000 suppliers and a network of intelligence that their AI uses to guide users to best-fit suppliers.
  • To buyers — Globality offers an interactive, collaborative self-service approach to sourcing that saves organizations time and money while still promoting their ESG and diversity goals.

This Spend Matters PRO Vendor Analysis gives an overview of the vendor's capabilities, its competitors, provides tech selection tips and closes with key analyst takeaways.

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