Half a Decade of Autonomous Negotiations
Fortune 500 companies, such as Walmart and Maersk, are using Pactum AI to simultaneously conduct thousands of autonomous negotiations with their suppliers - finding better deals for both sides. This is a field of AI that we began pioneering in 2019 and which now consistently delivers clear, measurable value. It unlocks millions in savings, enhances supplier engagement, and increases business velocity. It means procurement teams can manage more negotiations with more suppliers, focus more on high level strategic work, and contribute even more value to their businesses. It gives companies the competitive advantage of being able to rapidly adapt to any changing market circumstances. By conducting negotiations at scale, Pactum is building the world's largest library of negotiation behavioral learnings and our AI is continuously learning as each autonomous negotiation helps improve the next one. The feedback from suppliers negotiating with the AI is overwhelmingly positive too due to its user-friendly experience and ability to offer them business growth opportunities as they supply more on terms that better suit them too.
“I really liked Pactum’s work ethic. They said what they're gonna do, they did it, were very thorough and made my job very, very easy. A great team and good people.”
Frank LaPlante
Vice President Digital Transformation and Commercial IoT at WESCO Distribution
