Pactum AI

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Tallinn

Estonia

Pactum is an AI-based system that helps global companies such as Walmart, Maersk, Henkel, Wesco, DT, Linde and other FT500s to automatically offer personalized, commercial negotiations on a massive scale. The system adds value and saves time for both the Pactum client and their negotiation partner by aligning their values to determine Pareto optimal win-win agreements via an easy-to-use chat interface that implements best-practice negotiation strategies. The company is based in Mountain View with engineering and operations in Estonia.

Active

Procurement

Status

Active

City (Headquarter)

Tallinn

Country

Estonia

FTE’s

Employees

Founding Date

18/7/2019

Funding ($)

55200000

Phone

Contact Email

fabio@pactum.com

Founder

Founders

Kaspar Korjus

Martin Rand

Kristjan Korjus

Status

Active

City (Headquarter)

Tallinn

Country

Estonia

FTE’s

xxx

Employees

Funding ($)

xxxxxxx

Phone

xxxxxxxx

Founder

Founders

xxxxx

xxxxxx

xxxxx

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Status

Active

City (Headquarter)

Tallinn

Country

Estonia

FTE’s

xxx

Employees

Funding ($)

xxxxxxx

Phone

xxxxxxxx

Founder

Founders

xxxxx

xxxxxx

xxxxx

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Techsegment

Software

Artificial Intelligence

Market Sub-Segment

Procurement

Sourcing

Sustainability Sub-Segment

Responsible Sourcing

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Techsegment

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Sustainability Sub-Segment

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Market Sub-Segment

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Techsegment

xxxxxx

Sustainability Sub-Segment

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Market Sub-Segment

xxxxxx

Description

Pactum is an AI-based system that helps global companies to automatically offer personalized, commercial negotiations with their suppliers on a massive scale. The system adds value and saves time for both the Pactum customers such as Walmart, Maersk, Henkel, Vodafone, Linde, Otto Group or Veritiv and their suppliers by aligning their values to determine Pareto optimal deals via an easy-to-use conversational interface that implements best-practice negotiation strategies. The company is based in Mountain View with engineering and operations in Estonia. Pactum is backed by founders of Skype and Wise and built by luminaries from Skype, Starship Technologies and the Government of Estonia’s e-Residency program.

Company USP

Pactum’s AI automates negotiations between large businesses and their suppliers. 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 autonomous you can engage suppliers simultaneously and on a mass scale – freeing your employees up to focus on strategic work.

Problems Solved

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.

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Description

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Company USP

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Description

Company USP

Business Model

B2B Software

Target Customers

Enterprises

Reference Customers

Walmart, Maersk, Henkel, Linde, Otto Group, Veritiv, Vodafone

Operating Geographies

EMEA, Americas, APAC

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Business Model

xxxxxx

Target Customers

xxxxxx

Reference Customers

xxxxxx

Operating Geographies

xxxxxx

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Business Model

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Target Customers

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Reference Customers

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Operating Geographies

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Attachments

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Attachments

lorem-ipsum.pdf

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Attachments

lorem-ipsum.pdf

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