Globality, AI-powered business match-making service, has partnered with Allegis Global Solutions (AGS), global workforce company, to provide a procurement management platform.
According to the collaboration, by closing the loop between sourcing and spend management, it will deliver increased value through the end-to-end procurement process by incorporating AI-powered insights.
AGS customers will gain access to real-time data and intelligence on supplier performance in Globality’s self-serve platform, which the partnership said will lead to better buying decisions.
“Today’s workforce is dramatically different than it was a year ago, with global enterprises more dependent than ever on external suppliers for their consulting, marketing, IT, HR, legal and other service needs for agility and adaptability,” said Globality chief revenue officer, Keith Hausmann.
“Without the right technology, processes and information in place, businesses historically will spend 10% to 30% more on outside services. Completing the source-to-pay process with this new integration ensures AGS customers have greater insights for all their high-value services, resulting in more efficient procurement decisions, faster speed to market and better supplier quality.”
Globality’s platform sources high-value services by automating the demand creation, supplier identification, proposal evaluation and statement of work creation process with an intuitive self-serve experience. Companies can source the best-fit supplier for every complex service. AGS manages delivery, generating actionable, real-time insights and identifying opportunities for additional savings.
“From opportunity to RFP, selection, management and performance tracking, an AGS and Globality solution closes the loop on strategy and execution to deliver a continuous cycle of performance improvement and an improved end-user experience,” said AGS head of procurement solutions strategy, Jon Kesman.
“This end-to-end solution ensures companies only contract for what they need and no longer leave significant dollars on the table with services being poorly sourced or left unmanaged after the contract is signed.”