Tuesday, April 23, 2024
-Advertisement-
Reimagining Public Sector Analytics
Reimagining Public Sector Analytics
HomeEnterprise ITArtificial IntelligenceHSBC partners Globality to offer AI-based self-serve procurement

HSBC partners Globality to offer AI-based self-serve procurement

Follow Tech Observer on Google News
Google News

has entered into an agreement with in which HSBC is adopting its AI-based platform for sourcing and procurement of services. With Globality's AI-based Platform, HSBC users will be able to scope projects in hours rather than days, and intelligently match their unique requirements to the best suppliers around the world.

“We are very grateful for the opportunity to work with HSBC's procurement team to advance their vision of a fully automated procurement process that enables their internal stakeholders to source higher quality, lower cost services. HSBC is a leader in creating a vision for the future of procurement, understanding that the legacy systems of paper-intensive RFPs and sole source negotiations do not result in strategic value,” said Globality Co-founder, Chairman, and CEO .

“Utilizing AI technology and Globality's “smart sourcing” process will ensure that all HSBC service providers, large or small, win projects in a transparent digital ecosystem where decisions are based solely on the merits of quality, results, costs, and performance,” said Hyatt.

Globality's platform provides companies with a secure and digital way to fully scope projects, engage qualified suppliers, assure pricing and quality competition, effectively evaluate proposals, and make informed sourcing decisions. In addition, using Globality's platform significantly accelerates the entire procurement process, enabling far faster speed to market.

The company said that finding the best service provider at the right price for every project is impossible to achieve with legacy systems that are mostly analogue and are not continuously learning, capturing knowledge, or digitally sharing results and feedback. As a result, companies do not get the maximum value from third-party suppliers. Nor do they get the access to a worldwide network of highly qualified, carefully vetted firms that are members of Globality's Service Provider Network.

Get the day's headlines from Tech Observer straight in your inbox

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
Tech Observer Desk
Tech Observer Desk
Tech Observer Desk at TechObserver.in is a team of technology reporters led by a senior editor who brings latest updates and developments from the world of technology.
- Advertisement -
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
EmpowerFest 2024
- Advertisement -EmpowerFest 2024
- Advertisement -Education Sabha
- Advertisement -Veeam
- Advertisement -Reimagining Public Sector Analytics
- Advertisement -ESDS SAP Hana

Subscribe to our Newsletter

83000+ Industry Leaders read it everyday

By subscribing you agree to our Privacy Policy, T&C and consent to receive newsletters and other important communications.
- Advertisement -

Nvidia stock performs better than Bitcoin as investment option: Study

Nvidia stock has emerged as a better investment than Bitcoin, demonstrating a significant rise in stock value compared to the digital currency.

RELATED ARTICLES