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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 Fairmarkit?

Fairmarkit serves as a smart sourcing solution that enables organizations to acquire necessary goods and services with greater efficiency. By harnessing automation and data, it allows procurement and supply-chain teams to enhance competitive bidding while minimizing manual tasks in their workflows. The platform comprises a coalition of forward-thinking procurement departments from diverse sectors, including notable companies like Univision and ServiceNow. Its mission is to transform the purchasing landscape for businesses. For further information, you can visit www.fairmarkit.com and explore their offerings.

Media

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Media

Integrations Supported

Coupa
SAP Ariba
Synertrade

Integrations Supported

Coupa
SAP Ariba
Ivalua
Oracle PeopleSoft
Pliant
SAP Store
Workday Extend

API Availability

API Availability

Pricing Information

Pricing not provided

Pricing Information

Flexible pricing options available!

Supported Platforms

SaaS

Supported Platforms

SaaS

Customer Service / Support

Standard Support
Web-Based Support

Customer Service / Support

24 Hour 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

Fairmarkit

Date Founded

2017

Company Location

United States

Company Website

fairmarkit.com

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

Auction Management
Bid Management
Budget Management
Catalog Management
PunchOut
Requisitions & Approvals
Sourcing Management
Supplier Management

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