Globality launches generative AI use in its procurement bot
GLO is powered by generative AI technology and can handle an average company's spending of $4 billion per customer. It is designed to help employees make informed decisions when purchasing products and services, addressing the needs of reducing costs and improving productivity.
Joel Hyatt, Co-founder, Chairman, and CEO of Globality, said, "Companies can't meaningfully reduce costs while sticking to outdated buying processes. How a company spends money is crucial for staying competitive, driving growth, and fostering innovation. None of this is possible if the old-fashioned purchasing process drains everyone's energy without making a significant impact. GLO not only captures the attention of its users but also plays a strategic role in enabling intelligent buying decisions, reducing costs, and ensuring optimal use of funds to drive growth and innovation."
Generative AI in action
UK-based BT Group are one company already using Globality’s GLO to manage over £3bn worth of annual spend.
Globality say the bot can streamline various processes including replacing time consuming RFP, identifying suitable and diverse suppliers, enforcing company sourcing policies, and guiding users along a buying path to consider different sourcing options.
You can watch a demonstration video of GLO here.
