Globality, the company behind the digital sourcing AI solution, and Aquanima, a Santander group company present in 14 countries and specializing in purchasing process management, today announced that they have reached an agreement to Aquinima’s use of Globality’s smart sourcing platform.
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As a result of this partnership, Aquanima will use Globality’s platform and technology in all countries where it operates, with a direct impact on how users define their needs and choose their suppliers. Globality’s platform relies on top-notch AI technology to automate brief creation, supplier identification, proposal evaluation and drafting of specifications.
Banco Santander users will be able to call upon Globality’s intelligent advisor, “GloTM”, and its natural language processing technology, to quickly and easily identify the best service providers, advice, marketing, IT, financial services or legal, human resources and real estate.
“We are very pleased that Santander is rolling out the Globality platform globally,” commented Joel Hyatt, Co-Founder, President and CEO of Globality. “The financial group is known for its technological avant-garde, which gives it a competitive advantage; working together will allow us to transform the sourcing of services using AI. ”
This collaboration, as well as the commitment to a model that facilitates self-service purchasing and self-sourcing, makes it possible to gain in agility and efficiency, while ensuring compliance with essential policies and protocols. Jorge de la Vega, Managing Director of Aquanima, adds: “This marks a shift towards a more strategic vision and allows for more collaborative work by bringing greater added value to the user. ”
The partnership with Globality also supports the streamlining of processes within the Santander Group. As Javier Maldonado, head of the group’s Costs department, explains, “Santander must strengthen its product offering and create value for its customers, which is why the digitization of processes has become our lever to achieve this. ”
Aquanima is the company of the Santander group which manages the purchasing process and relations with third parties. Founded in 2000 and 100% owned by Santander, it is present in the main regions of Europe, North America and Latin America where the group is present. With more than 500 employees and located in 14 countries in total, it provides support to both the group and other external clients. In 2020, it managed a turnover of more than 6 billion euros, and enabled the achievement of 12% savings on average
Founded in 1857, Banco Santander (SAN SM, STD US, BNC LN) is a leading commercial and retail bank. Its head office is in Spain. With a significant presence in ten major markets in Europe and America, it is one of the largest international banks in terms of market capitalization. Its goal is to help people and businesses succeed in a simple, personal and fair way. Santander is carrying out a number of actions to support its commitment to become a more responsible bank, in particular through the raising of more than 120 billion euros in green financing and the financial empowerment of more than 10 million people between 2019 and 2025. At the end of 2020, Banco Santander had more than one trillion euros in equity and 148 million customers (including 22.8 million loyal customers and 42.4 million digital customers) and 11,000 branches, for a total workforce of 191,000 employees.
Founded by Joel Hyatt and Lior Delgo, Globality is a Silicon Valley technology company that helps global companies find the best providers at the best price, whatever their sourcing needs. With its artificial intelligence platform and smart sourcing technologies, Globality puts digital transformation at the service of purchasing. Globality’s intelligent digital solution replaces archaic calls for tenders and offers efficient definition of needs, management of demand and the search for quality service providers to best meet them, with savings of at least 20%. and a sourcing process reduced from several months to a few hours. In January 2021, Globality raised $ 138 million from Sienna Capital and the SoftBank Vision fund, bringing the total capital raised since its founding five years ago to $ 310 million. For more information, visit the Globality website, www.globality.com.