Audience
Organizations that want to use AI to automatically negotiate better agreements
About Pactum
Pactum is an AI-powered product that automates and optimizes the negotiation process to achieve better agreements. It focuses on high-volume, low-cost agreements that are often left unmanaged or renegotiated at high expense. By leveraging advanced AI technology, Pactum aims to deliver a 4.2% increase in profitability on average. The negotiation processes of Pactum's clients are, on average, 71% fully automated, requiring zero human involvement, thus saving time and resources. It has the capability to negotiate thousands of deals simultaneously, allowing users to engage with their entire long-tail simultaneously.
Other Popular Alternatives & Related Software
GEP Quantum Intelligence
GEP provides AI-native procurement and supply chain platforms that help global enterprises become more agile, resilient, competitive and profitable.
With beautifully rendered interfaces and flexible workflows, GEP provides users fresh, intuitive digital workspaces that yield extraordinary levels of user adoption and meaningful gains in team and personal productivity.
GEP products capitalize on machine learning and cognitive computing, advanced data and semantic technologies, IoT, mobile and cloud technologies, and are designed to incorporate continual innovations in technology.
GEP — the world’s leading provider of AI-native procurement and supply chain software, strategy and managed services.
Learn more
Precoro
Precoro is a cloud-based solution that consolidates procurement, AP, and payment management. It automates operations with AI, eliminates manual work, prevents maverick spend, and drives savings — faster than you think.
Procurement: Build stronger relationships with suppliers, store contracts, and simplify requests for employees.
AP & Payments: Save time with AI-powered OCR, 3-way matching, and approval workflows. Close the loop by paying vendors directly from Precoro to ensure a seamless request-to-pay cycle.
Spend Management: Seamlessly navigate budgets across locations and departments, manage expenses, and generate reports for insightful analysis.
Supplier Management: Automate vendor onboarding and approval to mitigate possible risks.
Connect Precoro with ERP systems like NetSuite, QuickBooks Online, Xero, and Sage, or build custom connections using a free API. Eliminate duplicate payments and manual document handling.
Learn more
Gatekeeper
Gatekeeper is a powerful, AI-driven contract management solution that gives businesses total control and visibility over their contract agreements
Gatekeeper helps its customers:
Reduce costs.
A clear line of sight of all contracts enables customers to identify wasted spend and areas for consolidation as well as actively managing all contract renewals.
Save time.
Automating contract processes using Gatekeeper’s workflow engine minimises manual effort and ensures agreed procedures are followed every time.
Mitigate risks.
Gatekeeper’s customers minimise their contract risk through effective categorisation and management as well as through establishing fully auditable records of all contract activity.
Realise agreed contract benefits.
Research shows that an average 50% of negotiated savings are never realised after a contract is signed. This is because of a lack of monitoring and oversight. Gatekeeper keeps customers on track.
Learn more
Procurify
Procurify’s easy-to-use Intelligent Spend Management platform provides hundreds of organizations worldwide with real-time visibility and control over all business spend. By bringing more spend under management, our customers capture reliable spend data that can be used to proactively minimize rogue spend and rework — and ultimately save them precious time and money.
Our procure-to-pay solution helps organizations gain a competitive edge by transforming spend management from a reactive cost center to a proactive, profit-driving function. Beyond process optimization, spend data can drive strategic discussions that directly influence organizational growth and financial health.
Learn more
Integrations
Company Information
Pactum
Founded: 2019
United States
pactum.com
Videos and Screen Captures
Other Useful Business Software
99.99% Uptime for MySQL and PostgreSQL Databases
Cloud SQL Enterprise Plus delivers near-zero downtime with 35 days of point-in-time recovery. Supports MySQL, PostgreSQL, and SQL Server.
Product Details
Platforms Supported
Cloud
Training
Documentation
Live Online
Webinars
In Person
Videos
Support
Phone Support
Online
Pactum Frequently Asked Questions
Pactum Product Features
Procurement
Bid Management
Supported
Contract Management
Supported
Sourcing Management
Supported
Asset Management
Not Supported
Auction Management
Not Supported
Budget Management
Not Supported
Catalog Management
Not Supported
Inventory Management
Not Supported
Invoice Processing
Not Supported
PunchOut
Not Supported
Purchase Order Management
Not Supported
Receiving
Not Supported
Requisitions & Approvals
Not Supported
Spend Management
Not Supported
Supplier Management
Not Supported