Globality Earns Elite Nod for AI That Autonomously Runs Sourcing Deals

PALO ALTO, CA – March 03, 2026 – Globality, a pioneer in applying advanced artificial intelligence to enterprise procurement, has been named to The Hackett Group's prestigious 2025–2026 “50 to Know” list. The recognition places the company among the most innovative and influential technology providers that are fundamentally reshaping how global corporations purchase goods and services.

The acknowledgment is more than a simple accolade; it serves as a crucial validator in an enterprise software market increasingly saturated with AI claims. For procurement leaders navigating this complex landscape, the list acts as a guide to solutions that deliver tangible business impact, moving beyond buzzwords to generate measurable returns.

A Validation in a Crowded AI Market

The Hackett Group's selection process is a rigorous, year-long evaluation conducted by its Solution Intelligence analysts, the team formerly behind the respected Spend Matters™ assessments. For the 2025–2026 cycle, the firm scrutinized approximately 220 procurement technology vendors from around the globe. The methodology relies on detailed product evaluations, direct solution demonstrations, and comprehensive market intelligence to assess vendors on criteria including technology capability, customer adoption, innovation, and overall market influence.

This year's assessment underscores a critical market shift: AI-enabled capabilities are no longer a luxury but a foundational requirement for modern procurement. As organizations demand clearer ROI and genuine operational transformation, the providers that stand out are those who can translate AI innovation into practical, enterprise-grade results.

“These lists often serve as a starting point for organizations evaluating procurement technology investments,” said Nikhil Gaur, director of strategic projects and research analyst at The Hackett Group®. “As the market becomes more crowded and AI adoption accelerates, providers that stand out are those demonstrating both innovation and the ability to deliver real business impact.”

For Globality, being named a “50 to Know” provider signifies that its specialized focus on autonomous sourcing is setting an industry standard. It distinguishes the company from both legacy suite providers adding AI layers and the plethora of startups making ambitious promises, cementing its position as a solution every Chief Procurement Officer should be aware of.

The Power of the Agent: Redefining Enterprise Sourcing

At the heart of Globality’s offering is a technology known as agentic AI, which represents a significant leap beyond earlier forms of artificial intelligence. While generative AI creates content, agentic AI is designed for autonomous action. It can interpret a user's intent, set goals, devise multi-step plans, and execute complex workflows with minimal human intervention. Globality has harnessed this power to create what it calls an autonomous sourcing solution.

“Globality was founded with a simple but transformative mission: to apply agentic technology to reinvent how companies buy the goods and services they rely on,” said Joel Hyatt, Co‑Founder and CEO of Globality. “Our autonomous sourcing solution transforms enterprise sourcing from intake through award, dramatically accelerating sourcing cycle times and delivering material cost savings that improve operating efficiency and profitability for our customers.”

The platform’s AI agent, Glo, effectively acts as a digital procurement expert. It automates the entire sourcing process, from understanding the initial purchase request and generating detailed RFx materials to identifying qualified suppliers and executing sophisticated negotiation strategies to secure the best value. This level of automation is delivering staggering results for some of the world's largest companies.

Independent analysis and client testimonials strongly validate the company's claims of driving 10%–20% cost reductions. Telecom giant BT Group, which manages two-thirds of its multi-billion-pound annual indirect spend on the platform, consistently achieves “large two-digit savings.” Similarly, Bristol Myers Squibb (BMS) managed over $1 billion in spend within 10 months without increasing headcount, running 10 times more sourcing events than before. The platform reduced RFP cycle times at BMS by a factor of 6 to 10. For Fidelity Investments, the platform delivered a 20% savings rate and cut the time-to-contract by half.

Beyond cost, the efficiency gains are profound. Sourcing events that traditionally took months are now completed in an average of 27-35 days, with many tactical projects finishing in under 24 hours. This speed allows procurement teams to dramatically increase the amount of corporate spending that is strategically sourced, capturing savings and value that were previously left on the table.

From Tactical Tool to Strategic Imperative

The impact of autonomous sourcing extends far beyond the balance sheet. By automating the time-consuming, transactional work that has historically bogged down procurement departments, Globality is enabling a fundamental shift in the function’s role within the enterprise. Freed from managing manual RFx processes and tedious negotiations, human professionals can now focus on higher-value strategic initiatives, such as strengthening supplier relationships, mitigating supply chain risks, and collaborating with business units to drive innovation.

This transformation aligns with a broader trend in which agentic AI is poised to reshape corporate operating models. Experts predict that the future workplace will feature hybrid teams of humans supervising and collaborating with specialized AI agents. In this model, AI handles the data-intensive, repetitive tasks, while humans provide strategic oversight, creativity, and complex problem-solving. By pioneering this approach in procurement, Globality is not just selling software; it is offering a blueprint for the future of the function.

The platform also contributes to strategic goals like enhancing Environmental, Social, and Governance (ESG) performance. By automating supplier discovery and evaluation based on objective criteria, the AI helps remove unconscious bias from the sourcing process, promoting a more diverse and inclusive supplier base. This fair, transparent, and equitable approach helps companies meet their corporate responsibility objectives while ensuring they select the best possible partner for the job.

With a strong financial foundation, including $368 million in total funding from prominent investors like the SoftBank Vision Fund and former U.S. Vice President Al Gore, Globality is well-positioned to continue its growth. Its success with a client roster that includes HP, Santander, and T. Rowe Price, combined with a unique guarantee of delivering savings worth 15 times the first-year license fee, demonstrates a deep confidence in its technology's ability to deliver on its transformative promise.