Globality

Globality is a Silicon Valley-based technology company that provides an AI-powered digital solution for sourcing services. The company's platform uses machine learning and natural language processing to match enterprises with suitable suppliers for various service categories, including marketing, professional services, IT, HR, legal, construction, and facilities management. Globality's AI advisor, 'Glo', assists users in scoping requirements, creating RFPs, and selecting suppliers, streamlining the entire source-to-contract process. The platform aims to reduce sourcing time from months to hours while delivering savings of 20% or more. As of 2022, Globality's solution covered all indirect spend categories, whether sole-sourced or competitively bid. The company offers a guaranteed savings of 15 times the first-year license fee or a refund. Globality's AI-driven approach differentiates it from competitors by providing a consumer-like user experience that enables business users to source complex services without extensive training. The platform learns from every sourcing event, improving future supplier selections and recommendations.