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 marketplace approach to services procurement.
B2B service marketplaces are 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 Traditional sourcing methods are becoming outdated due to their lack of visibility into sourcing, as well as bias when it comes to using well-known or incumbent providers rather than identifying new, small or diverse organizations.
Globality is one of few service marketplaces that has applied a business-to-commerce (B2C) marketplace model to service sourcing. B2B marketplaces are learning to create a fair, ethical model for sourcing services from B2C marketplaces such as these.
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 proposal’s (RFPs) to selection and award of providers. It describes itself as the only AI-powered B2B services marketplace and seeks to revolutionize the entire source-to-contract process.
This Vendor Analysis explores these claims as well as the concept behind Globality, the platform, application and supporting services that Globality delivers including a verified customer reference analysis, a list of Globality’s competitors, tech selection tips and key analyst takeaways.
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 potential buyers — Globality offers an interactive, collaborative self-service approach to sourcing that saves organizations time and money, and promotes 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.