Procurement AI
Pactum AI
AI-powered autonomous negotiation platform that conducts commercial negotiations with suppliers via AI agents, handling price, payment terms, and contract renewals at scale.
Visit Pactum AI →Founded 2019
About Pactum AI
AI-powered autonomous negotiation platform that conducts commercial negotiations with suppliers via AI agents, handling price, payment terms, and contract renewals at scale.
AI Approach
AI agents that autonomously negotiate with suppliers using game theory and behavioral AI, achieving outcomes preferred by both parties.
Key Customers
WalmartMaerskWesco International
Related Use Cases
Procurement & Sourcing
Spend analytics & classification
23% software expense reduction, halved sourcing cycle times, 90%+ spend visibility
Procurement & Sourcing
Supplier risk monitoring
Early warning of disruptions, 20% improvement in risk management outcomes
Procurement & Sourcing
Contract analysis & negotiation support
70%+ reduction in contract review time, improved compliance rates
Procurement & Sourcing
Autonomous purchasing (tail spend)
60-80% reduction in manual procurement tasks, faster cycle times
Quick Facts
- Function
- Procurement AI / Autonomous Negotiation
- Founded
- 2019
- Funding
- $30M+ raised
- Website
- pactum.com
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