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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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Integrations Supported

Coupa
SAP Ariba
Ivalua
Oracle PeopleSoft
Pliant
SAP Store
Synertrade
Workday Extend

Integrations Supported

Coupa
SAP Ariba
Ivalua
Oracle PeopleSoft
Pliant
SAP Store
Synertrade
Workday Extend

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

Fairmarkit

Date Founded

2017

Company Location

United States

Company Website

fairmarkit.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

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

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