Globality claims new AI tools will extend scoping, workflow, and line item functionality to help blue-chip customers reduce company spend.

AI-powered spend management platform provider Globality has launched a suite of new tools to enhance the functionality of its offering. The upgrades reportedly add “game-changing Next-Gen AI-driven capabilities” to Globality’s platform.

AI-driven visibility from end-to-end 

Globality’s latest round of tools now deliver enhanced visibility across all organisational spend. This ranges from large, complex purchases to straightforward, unmanaged tail spend. It does this through enhanced features across key areas in the sourcing process:

  • Next-Gen AI-Based Scoping: The platform uses Generative AI, along with Globality’s AI and proprietary data, to quickly identify end-user needs. It can then define the scope of a purchase more accurately than ever before.
  • Workflow & Journey: Globality’s AI Agent, Glo, enables procurement to set oversight and approvals, and guides users through an optimal project journey that balances end-user efficiency and commercial outcomes.
  • Line Items: Users can quickly specify items, descriptions, quantities, and units of measure for tail spend and request for quote (RFQ) events. According to Globality, this not only saves organisational time but also improves precision and ensures more comprehensive pricing capture. 

“We’ve introduced powerful, dynamic functionality to the platform, enabling the most tailored journeys for every project type,” said Matt Malden, Chief Product Officer, Globality. “These updates reinforce our commitment to a technology platform that delivers next-generation AI-driven capabilities while creating an intuitive experience for all users.”

What the customers want 

Globality says it has developed the latest round of upgrades in direct response to feedback from large scale enterprise customers. These include UK telecom operator, BT. BT has been using Globality’s AI platform to boost the effectiveness of its procurement processes for over a year now. The platform is reportedly used to manage more than £2.5 billion of project spend within the company. Globaility’s AI tools allow procurement teams to delegate activities like bid writing and drafting statements of work to stakeholders. The savings this creates are a key part of BT’s plan to realise substantial cost reductions through digitalization by 2025. 

Other organisations consulted by Globality when developing the latest enhancements included Fidelity Investments, Santander, T. Rowe Price, Tesco and UCB Pharma. These companies reportedly use the platform to drive more value from the tens of billions of dollars they spend each year, reducing costs by up to 20%, increasing operating efficiencies by 70% and improving speed to market by 90%.

“Procurement is the lowest hanging fruit across the enterprise to reduce costs, capture efficiencies, and improve business operations,” said Lior Delgo, Co-Founder and President, Globality. “Globality is the only sourcing platform that modern global enterprises can depend on to manage critical spend, leveraging AI to save hundreds of millions of dollars, accelerate decision-making, and unlock new opportunities for investment and growth.” 

Related Stories

We believe in a personal approach

By working closely with our customers at every step of the way we ensure that we capture the dedication, enthusiasm and passion which has driven change within their organisations and inspire others with motivational real-life stories.