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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 Evolinq?

Evolinq introduces AI-powered buyer agents that autonomously oversee the complete procurement cycle, encompassing the creation of RFQs, evaluation of quotes, completion of purchase orders, tracking of shipments, managing invoices, and detecting discrepancies. This innovative solution reaches a remarkable 91% automation of tasks while requiring no modifications to current ERP systems. It serves a diverse range of sectors, including manufacturing, defense, electronics, automotive, and healthcare, highlighting its adaptability and effectiveness in enhancing procurement processes. Additionally, by minimizing human intervention, this technology not only increases efficiency but also reduces the risk of errors in procurement activities.

Media

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Media

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Integrations Supported

Coupa
SAP Ariba
Synertrade

Integrations Supported

NetSuite
SAP ERP

API Availability

API Availability

Has API

Pricing Information

Pricing not provided

Pricing Information

not available

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard 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
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

Evolinq

Date Founded

2023

Company Location

United States

Company Website

evolinq.io

Categories and Features

Agentic AI

Not specified

AI Agents

Not specified

AI Procurement

Not specified

Procurement

Bid Management
Contract Management
Sourcing Management

Categories and Features

AI Procurement

Not specified

Procurement

Invoice Processing
Purchase Order Management
Requisitions & Approvals
Sourcing Management
Spend Management
Supplier Management

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