Pactum

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Automating repetitive negotiations with AI.

What is Pactum?

At Pactum, we have turned the art of negotiation into a science. Negotiation is an incredibly important skill. It makes for successful businesses and for good relationships. But, because it’s incredibly complex, it’s a skill most people aren’t able to master. The problem is most people treat negotiation as a zero-sum game – one in which someone must lose. At Pactum, we think differently. In fact, we think the best deals get the best for both parties without harming each other – something known as the Pareto optimality. This is a problem for most companies because around 80% of their commercial agreements are high volume and low value – tail spend. And because there are so many suppliers, it’s hard for employees to keep on top of them and impossible to manage these deals effectively and efficiently. It’s why so much value gets left on the table and why so many suppliers go unmanaged. Pactum changes that. Our AI automates contract negotiations between businesses and their suppliers and solutions providers. It can complete complex negotiations in just a few clicks and find an agreement for both parties in as little as 15 minutes. And because it’s automated you can engage suppliers simultaneously and on a mass scale – freeing your people to get on with strategic work. Welcome to the future of negotiation.

Company details
Name Pactum
Website pactum.com
Founded 2019
CEO Martin Rand
Employees 35
(+75%)
Company culture -
HQ location USA
Locations Estonia, United States
Award and certifications
ISO 9001:2015
Revenue 2020 ($m) -
(+0%)
Total funding ($m) 4
Cyber security rating 92
Certificates ISO 9001:2015

Pactum Capabilities

Integration partners
SAP Ariba, Coupa Software