PACTUM AI :
FROM AUTOMATING AGREEMENTS TO AUTOMATING ETHICS
Pactum AI uses chat & artificial intelligence to negotiate agreements between suppliers & large enterprises – with the potential to solve much bigger problems
WRITTEN BY : ILKHAN OZSEVIM
As a fluctuating recession , reduced economic growth , and inflation eat into companies ’ profit margins , autonomous negotiations are now more important than ever .
“ With autonomous negotiations , companies can turn data into significant savings , reducing an average of 3 % to 7 % costs on supplier agreements , resulting in millions of dollars of new value created each year ,” says Martin Rand , CEO and Co-Founder of Pactum AI . “ We refer to this as a ‘ counter-cyclical force ’ to a recession and inflation .”
Pactum is an autonomous negotiation company that uses chat and AI to negotiate agreements between suppliers and large enterprises .
As CEO and Co-Founder , Rand is responsible for setting the direction of the
60 March 2023