Pactum

Pactum builds AI systems that carry out commercial negotiations and purchasing tasks for large organisations. Its current site focuses on indirect procurement, where digital workers handle each request from intake to purchase order. The firm was backed by founders of Skype and TransferWise, according to older text.

What Pactum offers

• Policy engine — turns a buyer's strategy into rules that guide every decision.
• Intake — handles requests asked in plain words and checks them against policy.
• Sourcing and negotiation — sources suppliers and negotiates terms with them automatically.
• Contract award — leaves the final decision with the client's team.
• Direct materials — the same workers can also cover direct purchasing.

Who it works with

Global enterprises, with the website citing more than fifty. Examples include a water utility and an industrial technology group, and it works with the Coupa purchasing platform.

Key facts

• Based in: Mountain View, California
• Engineering and operations: Estonia, per older text