How Agentic AI Will Drive Business Value Across Spend

Globality, regarded as one of the market leaders in AI-driven spend management, will empower the next leap in pricing analysis capabilities for its AI agent, Glo – empowering global 2000 companies with deep and detailed insights into real-time price proposals, increasing efficiencies, minimising risks and driving new business value.

Forming part of the journey from scope to savings, procurement and business teams ask the award-winning AI agent, Glo, for a detailed breakdown of the project pricing information in natural language. With the Globality platform taking care of all spend from tail through to complex service categories – creating in a moment detailed, actionable and easily shareable data in the form of AI-powered summaries and dynamic charts and visualisation.

"Our team saw immediately that Globality's autonomous sourcing platform is the complete suite," says Cyril Pourrat, Chief Procurement Officer, BT Group.

"Two-thirds of my spend right now is going through Globality. It's huge, in the billions of pounds."

To give BT and other Global 2000 enterprises such as Fidelity Investments, Invesco, Santander, Tesco, and T. Rowe Price better management of all their company spend, helping drive growth and adding new strategic business value, Glo analyses internal and third-party data sources to provide pricing insights based on industry benchmarks and past spend for better proposal evaluation.

Driving new business value in the face of complexity

With data from Gartner's Procurement Predicts 2025 report, 63% of procurement organisations are concerned about losing their competitive edge if they do not improve their use of data and analytics. The intended benefits of AI include increased productivity, reduced cost and better business agility from improved speed to decision-making. But, if there is no trust between organisations and the output of the technology, these benefits will remain unrealised.

Through Glo and its AI-driven pricing analysis and real-time insights, procurement and business teams are free to focus on strategic decision-making to maximise sustainable, bottom-line business value. As well as the external challenges, Globality's new capabilities streamline pricing analyses on huge amounts of complex internal data from multiple sources, including supplier, contract and market insights.

How Glo's new capabilities work together to solve these challenges

The tools perform in tandem to provide dynamic interactive charts, comparison tables, and exportable reports to make data-driven decisions with ease, whether analysing project-specific proposals or diving into broader pricing trends.

Analytics 

Provides the foundational layer of real-time, intuitive analytics and trend identification within the Globality platform. Procurement teams can use the power of Agentic AI to instantly build interactive dashboards, visuals, and graphs, enabling them to make smarter decisions throughout the buying journey.

Next-gen proposal insights 

Builds on this foundation by delivering deeper analysis of pricing data for better proposal evaluation. Powered by Globality's unique proprietary Gen AI interface, Glo Benchmark Insights integrates external benchmark data and past spending to help organisations benchmark their proposals and receive renewal recommendations. By using Agentic AI to synthesise and make recommendations based on industry standards and historical data, users gain a competitive edge in pricing strategies.

Glo Pricing Insights 

Brings everything together by leveraging Natural Language Processing (NLP) and conversational AI to provide immediate, actionable answers to pricing inquiries from procurement or business users.

"Already the most advanced AI Agent in procurement, Glo's groundbreaking new capabilities enable leading global companies to better manage risk, boost efficiency and productivity and create new value that goes straight to the bottom line," says Lior Delgo, Globality Co-Founder and President.

"Through Glo's next-gen AI-powered analytics, companies gain the tools to drive better business outcomes and gain competitive advantage in the face of unprecedented market and internal complexity."

Explore the latest edition of Procurement Magazine and be part of the conversation at our global conference series, Procurement & Supply Chain LIVE.

Discover all our upcoming events and secure your tickets today.

Procurement Magazine is a BizClik brand