Pactum

The Leading Agentic AI Platform for Enterprise Procurement

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Description

Pactum utilizes agentic AI to revolutionize how enterprises manage procurement. The platform deploys AI agents capable of conducting thousands of autonomous negotiations with suppliers simultaneously. This approach helps companies find better deals for both sides, moving beyond traditional negotiation limits and fostering mutually beneficial agreements.

By automating these complex interactions, Pactum enables procurement teams to handle a greater volume of negotiations and dedicate more time to high-level strategic initiatives. The system continuously learns from each negotiation, building an extensive library of behavioral insights to improve future outcomes. This not only unlocks millions in savings and increases business velocity but also significantly enhances supplier engagement, as evidenced by positive feedback from suppliers interacting with the AI.

Key Features

Autonomous Negotiations: AI agents conduct thousands of simultaneous negotiations with suppliers.
Value Creation Dashboards: Provides dashboards that illuminate value creation and bolster operational oversight.
Negotiation Behavioral Learnings: Continuously improves by building a vast library of negotiation behavioral data from each interaction.
Enhanced Supplier Engagement: Fosters positive supplier relationships, with high favorability reported from AI negotiations.
Commercial Term Negotiations: Specialized capabilities for negotiating commercial terms with suppliers.
Contract Cost Negotiations: Dedicated tools for managing and reducing contract costs through negotiation.
Purchasing Negotiations: AI-driven negotiations tailored for purchasing processes.
Integration Solutions: Offers solutions for integrating with existing enterprise systems.

Use Cases

Automating high-volume supplier negotiations for large enterprises.
Securing better commercial terms and pricing with suppliers.
Improving negotiation outcomes for both buyers and suppliers.
Increasing the efficiency and strategic capacity of procurement teams.
Enhancing supplier relationship management through fair and efficient negotiations.
Unlocking hidden value and cost savings in procurement operations.

Frequently Asked Questions

How do suppliers typically react to negotiating with Pactum's AI?

Supplier feedback is overwhelmingly positive. For instance, Veritiv's CCO reported that 90% of their suppliers polled had a favorable experience negotiating with Pactum's AI, with some stating it was the easiest negotiation they've ever had.

What kind of return on investment (ROI) can companies expect from Pactum?

Pactum is designed to unlock millions in savings and increase business velocity. For example, the Head of Procurement for Suez UK described the ROI from Pactum as the most efficient they had experienced in procurement.