Pactum AI
UnclaimedThe leading agentic AI platform for autonomous procurement negotiations at enterprise scale.
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TL;DR - Pactum AI
- Automates supplier negotiations using agentic AI for enterprise procurement.
- Unlocks millions in savings and improves supplier engagement by managing mid- and long-tail suppliers.
- Continuously learns and optimizes negotiation strategies, building a vast library of behavioral data.
Pricing: Paid only
Best for: Enterprises & pros
Pros & Cons
Pros
- Generates significant hard savings and increased profitability
- Enhances productivity by managing unmanaged or weakly managed spend
- Improves supplier satisfaction with personalized and efficient interactions
- Provides better governance and risk management for business deals
- Scales negotiations to thousands of suppliers simultaneously
Cons
- Requires integration with existing procurement and ERP systems
- Initial setup and configuration may require effort to define parameters and thresholds
- Reliance on AI for critical business negotiations may require a shift in traditional procurement mindsets
Key Features
Autonomous AI-powered chat negotiationsBuyer interface for full control over negotiation parameters and trackingConfigurable acceptance thresholds and negotiation parametersRobust reporting and analytics featuresCentralized dashboard for negotiation resultsPre-defined use cases for quick deploymentBulk supplier upload via CSV or spend management system integrationPrice Lists Agent for line-item level price monitoring and negotiation
Pricing Plans
Enterprise
CONTACT SALES
About Pactum AI
By Toolradar Team·
Pactum AI provides an agentic AI platform designed for enterprise procurement, enabling autonomous negotiations with suppliers. It addresses the challenge of managing mid- and long-tail suppliers efficiently, unlocking significant savings and improving supplier engagement. The platform utilizes AI agents to conduct thousands of negotiations simultaneously, learning and improving with each interaction to build a vast library of negotiation behavioral learnings.
The Negotiation Suite offers a buyer interface for full control over negotiation parameters, tracking, and reporting. It supports various use cases, streamlines processes through bulk supplier uploads, and provides actionable analytics. Pactum's AI agents, such as the Price Lists Agent, continuously monitor cost components, identify pricing inefficiencies, and autonomously initiate and execute negotiations at a line-item level, ensuring better rates and protecting margins. This allows procurement teams to focus on strategic initiatives while the AI handles high-volume, repetitive negotiations.
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Pactum AI FAQ
How does Pactum's AI handle complex negotiation scenarios that might require nuanced human judgment?
Pactum's AI agents are designed to handle structured and autonomous negotiations based on pre-determined acceptance thresholds and configurable parameters set by the buyer. While the AI executes the negotiation, buyers maintain full control through an interface to view, edit, and launch negotiations, and can personalize negotiation arguments or approve suggested strategies. The system also integrates supplier feedback to continuously refine its approach, making future negotiations smarter.
Can Pactum integrate with our existing spend management and ERP systems, and what is the typical integration process?
Yes, Pactum is built to integrate with major procurement and ERP systems. The platform supports streamlined processes such as bulk supplier uploads via .csv files or direct integration with existing spend management systems. While the exact integration process can vary, it is designed to be straightforward to ensure quick deployment and seamless data flow.
What kind of data does Pactum's Price Lists Agent use to identify pricing inefficiencies and initiate negotiations?
The Price Lists Agent continuously monitors all cost components and tracks every price change across your materials portfolio in real-time. It leverages historical pricing trends, month-over-month performance, demand forecasts, and commodity indices to evaluate pricing relevance. This intelligence allows it to identify misalignments, such as when cost inputs fall but supplier prices remain static, triggering an autonomous negotiation.
How does Pactum ensure transparency and auditability for negotiations conducted autonomously by AI agents?
Every negotiation conducted by Pactum's AI agents is fully logged and reviewable. Buyers have complete visibility into the negotiation process, including the strategy employed, the arguments used, supplier responses, and the final outcomes. This ensures comprehensive audits and provides procurement teams with full control and understanding of the AI's actions.
What is the typical supplier satisfaction rate when negotiating with Pactum's AI, and how is this feedback collected?
Pactum reports a high supplier satisfaction rate, with surveys indicating around 90% of suppliers favor negotiating with its AI. Feedback is collected through post-negotiation surveys and direct integration of supplier responses into the AI's learning model. Suppliers often report the process as efficient, personalized, and the easiest negotiation they've experienced, as the AI accommodates their specific business needs and goals.
Source: pactum.com