Pactum: Vendor Analysis — Autonomous negotiation solution overview, roadmap, competitors, user considerations, analyst summary

This Spend Matters Vendor Analysis Update provides an overview of Pactum and its solution for long-tail negotiations. Once a Spend Matters Future 5, Pactum has continued to grow in recent years to make negotiation autonomous for large organizations. It focuses on reaching win-win deals autonomously via its AI system that, without procurement involvement, can negotiate with human supply-side representatives.

This Vendor Analysis Update explores Pactum's platform, application and supporting services and provides a list of its competitors, tech selection tips and key analyst takeaways.

Here’s why Pactum matters:

To the market — Pactum offers an autonomous negotiation platform that eliminates the need for manual, human-led contract negotiations.

To customers — Pactum is designed for large organizations (its website specifies $5 billion and above referenced).

To potential buyers — Pactum’s approach to negotiations is unlike anything else on the market and is ideal for large organizations that are looking to not only save time, but also reduce costs to suppliers.