What Glo Does
Glo is an AI-powered procurement platform designed to transform enterprise spending by making smarter, more cost-effective decisions. It automates and optimizes the procurement process, from intake to award, ensuring that companies get the best price by matching them with the best-fit, merit-based suppliers.
Key Features and Functionality
Intake & Sourcing
- Tail Spend Automation: Glo uses AI to manage tail spend, reducing costs and increasing free cash flow by implementing AI-mandated guardrails for purchasing.
- Strategic Spend: The platform provides dynamic AI guidance for various sourcing scenarios, including RFP, RFI, RFQ, Sole Source, Delivery of Staffing, and Supplier Panel. It leverages built-in category expertise for over 7,000 offerings.
Supplier Network, Pricing, & Negotiation
- Dynamic Marketplace: Glo instantly matches companies with the best-fit suppliers in a dynamic marketplace, ensuring they get the best price. This is achieved through a proprietary dataset trained by procurement experts and advanced AI technologies such as generative AI, neural networks, and machine learning.
Orchestration
- Operational Simplicity: The platform enhances operational simplicity and promotes a culture of collaboration and openness, setting a new standard in the industry.
- AI Integration: Glo is powered by advanced AI technologies, ensuring intelligent and natural language interactions that enhance sourcing quality and cost-effectiveness.
ROI and Efficiency
- Guaranteed ROI: Globality guarantees a 15x ROI through AI-led sourcing, highlighting the significant cost savings and efficiency gains that companies can achieve by using Glo.
In summary, Glo by Globality is a comprehensive AI-driven procurement platform that streamlines and optimizes the entire procurement process, from sourcing to negotiation, ensuring better spend decisions and substantial cost savings for enterprises.