IBM and Globality named as headline sponsors for upcoming DPW2021 virtual conference
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DPW2021 will bring together leading procurement experts and executives to explore how organizations can best harness the power of digital to deliver new value
DPW2021
Both companies IBM and Globality are leaders in digital procurement, and their experience in helping large organizations with digital transformation will greatly benefit our delegates.” - Matthias Gutzmann, Founder of DPW AMSTERDAM (PRWEB) May 11, 2021 Digital Procurement World (DPW), the world’s leading ecosystem dedicated to helping procurement organizations with digital transformation, announced today that IBM and Globality will be the lead sponsors of DPW2021, its annual flagship conference. The virtual event, to be held on 15-16 September, will bring together technology companies, buyers, thought leaders and media from around the world.
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Kofax, an automation software provider, announced yesterday an integration with Coupa to help large enterprises become more efficient in their digital transformation of expense management workflows, according to PYMNTS.com.
Accounting and finance workforces are increasingly encountering a higher load of invoices, the article said. It’s imperative that these teams can quickly comprehend and derive meaningful data from paperwork. Through the integration of the Kofax ReadSoft Online and Coupa Business Spend Management (BSM) platform, companies can focus on invoice processing and payment workflows with automation.
The article said that historically, the procure-to-pay (P2P) process has been brought down by non-automated, paper-based workflows for the intake, matching, green lighting and storage of vendor invoices. Just 1-in-10 accounts payable executives said their departments are fully automated. Kofax said companies that are best at automation can cu
Globality's leading AI-powered Platform facilitates the streamlined creation of a statement of work in SAP Fieldglass solutions, increasing cost savings and efficiency for companies Globality announced
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The Labor Department reported on Thursday that first-time claims for unemployment insurance totaled 779,000 last week, which registered less than expected, according to CNBC.
This reading was the lowest since Nov. 28 as the US economy continues the slow recovery from the Covid-19 pandemic. The total represented a drop of 33,000 from the previous week’s count of 812,000. In more encouraging news, continuing claims continue to lower, falling 193,000 from the previous reporting of 4.6 million, the article said.
Meanwhile, the Associated Press reported on Friday that US employers added only 49,000 nonfarm jobs in January a lukewarm gain that shows the pandemic still holds a tight grip on the economy. The unemployment rate for January registered 6.3%.
Keith Hausmann, Globality’s Chief Revenue Officer (personal photo)
Globality provides a procurement technology solution that uses AI to enable organizations to source complex services across multiple categories. At organizations across all industry verticals, services comprise, on average, 50%-60% of external spend. Most of these services categories are not well or comprehensively managed, and purpose-built technology solutions have been scarce.
Globality recently completed a $138 million Series E round from Sienna Capital, a wholly owned subsidiary of Groupe Bruxelles Lambert, and Softbank Vision Fund, bringing the company’s total funding to $310 million since its inception in 2015. This funding will support the company’s continued growth, including go-to-market and client-facing activities and, of course, product development, including user experience design (UX), industry vertical expansion, spend category additions, internationalization, etc.