Pactum
Pactum is a technology company specializing in autonomous negotiation solutions for enterprises. Their AI-native multi-agent platform identifies commercial opportunities, aligns them with company policies and supplier constraints, and negotiates agreements with suppliers at scale. The platform supports a range from AI-assisted recommendations to fully autonomous negotiation and execution, integrating seamlessly with systems like SAP and Coupa. This enables organizations to conduct thousands of negotiations with minimal buyer friction, creating measurable commercial value.
Product Overview
Pactum is a technology company specializing in autonomous negotiation solutions for enterprise procurement. Founded in 2019 and headquartered in Mountain View, California, Pactum leverages agentic AI to automate supplier contract negotiations, enabling businesses to manage and optimize agreements at scale. Their platform integrates seamlessly with existing enterprise systems, such as SAP and Coupa, to execute thousands of negotiations simultaneously, focusing on mid-tier and tail spend suppliers. By aligning negotiation strategies with company policies and supplier constraints, Pactum's AI agents autonomously negotiate pricing, payment terms, rebates, discounts, and other commercial contract terms, unlocking significant value and improving supplier relationships. The company has raised over $100 million in funding and serves a diverse clientele, including major global brands.
Features
- Autonomous negotiation of supplier contracts at scale
- Integration with enterprise systems like SAP and Coupa
- Focus on mid-tier and tail spend suppliers
- Alignment of negotiation strategies with company policies and supplier constraints
- Optimization of pricing, payment terms, rebates, discounts, and other commercial contract terms
- Improvement of supplier relationships
- Significant value unlocking through AI-driven negotiations
Company Details
- Headquarters
- 🇺🇸 Mountain View, United States
- Founded
- 2019
- Type
- Legal Tech Vendor
- Founders
- Kristjan Korjus, Kaspar Korjus, Martin Rand