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What is Pactum?

Pactum is an AI-driven solution that streamlines and enhances negotiation workflows to secure more favorable contracts. It specifically targets low-cost, high-volume deals that frequently go unmanaged or incur significant renegotiation expenses. By leveraging sophisticated AI technology, Pactum aims to boost profitability by an average of 4.2%. On average, clients experience a remarkable 71% automation in their negotiation processes, which eliminates the necessity for human involvement and conserves valuable time and resources. This capability enables Pactum to handle thousands of negotiations concurrently, empowering users to effectively engage their entire long tail of agreements at once. With such efficiency, organizations can focus more on strategic initiatives rather than being bogged down by repetitive negotiations.

What is DraftWise?

DraftWise enhances the collaboration between attorneys and effective language, streamlining the drafting process for quicker and more accurate contracts. This cutting-edge platform utilizes historical deal data to swiftly generate initial markup edits for various contracts. By connecting lawyers with their most impactful language options, users can easily sift through past agreements, contrast different clauses, and make immediate redline changes using Microsoft Word and Outlook. Not only does it offer vital insights into prevailing market practices, but it also cites previously accepted terms from opposing parties, bolstering negotiation tactics throughout the entire deal process. DraftWise is dedicated to upholding data security while fostering a high standard of excellence. As the only AI-driven solution tailored for transactional attorneys at every step—from drafting to negotiation—this tool capitalizes on the extensive breadth of your deal history. By simplifying the management of complex agreements on a larger scale, DraftWise empowers teams to focus on more strategic objectives, thereby boosting productivity and overall effectiveness. Through this innovative tool, attorneys can approach their workflows with enhanced assurance and efficiency, leading to better outcomes in their legal practice. Ultimately, DraftWise transforms the landscape of contract drafting by providing a comprehensive solution that meets the evolving needs of legal professionals.

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Integrations Supported

Coupa
Microsoft 365
Microsoft Outlook
Microsoft SharePoint
Microsoft Word
NetDocuments
OpenFusion
SAP Ariba
Synertrade

Integrations Supported

Coupa
Microsoft 365
Microsoft Outlook
Microsoft SharePoint
Microsoft Word
NetDocuments
OpenFusion
SAP Ariba
Synertrade

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Pactum

Date Founded

2019

Company Location

United States

Company Website

pactum.com

Company Facts

Organization Name

DraftWise

Date Founded

2020

Company Location

United States

Company Website

www.draftwise.com

Categories and Features

Artificial Intelligence

Chatbot
For Healthcare
For Sales
For eCommerce
Image Recognition
Machine Learning
Multi-Language
Natural Language Processing
Predictive Analytics
Process/Workflow Automation
Rules-Based Automation
Virtual Personal Assistant (VPA)

Procurement

Asset Management
Auction Management
Bid Management
Budget Management
Catalog Management
Contract Management
Inventory Management
Invoice Processing
PunchOut
Purchase Order Management
Receiving
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

Categories and Features

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August

August Law