Pactum AI is now available in the Coupa App Marketplace for purchase request negotiations, extending Coupa’s platform and widening access to the benefits of autonomous negotiations.
Register now for our webinar this Thursday on How To Conduct Autonomous Negotiations Through Coupa.
Pactum AI, the leading provider of AI for autonomous negotiations with suppliers, has announced it will offer autonomous negotiations on purchase requests within the Coupa App Marketplace, which connects businesses with certified, pre-built solutions.
Coupa certified Pactum AI for use within the Coupa Total Spend Management platform. Coupa helps teams collaborate to build more agile and sustainable operations, delivering intelligent and responsible spend strategies to meet their companies’ purpose.
The purchase request negotiations tool can now be added within Coupa’s workflow before purchase requisitions are converted into purchase orders. By sending out AI agents at this point to make even small improvements to previously under-managed contracts, companies can unlock significant savings, while improving efficiency, enhancing compliance and risk management, and better understanding suppliers and where they can contribute more to growth.
This ultimately leads to more agile enterprises that are able to quickly execute strategy with the support of suppliers that can be rapidly engaged at scale.
“Pactum is a great example of how AI can be used to extend the capabilities of procurement teams. With autonomous negotiations, they can negotiate more contracts and find better deals at scale for both their own enterprises and their suppliers,” said Nigel Pegg, SVP of Platform at Coupa.
As a certified Coupa App Marketplace solution, the Pactum AI Purchase Request Negotiations product meets the requirements established by Coupa through its App Marketplace Partner Program. The program enables software partners to build complementary solutions that easily connect into the Coupa platform. Customers benefit by extending the capabilities of their spend management platform and solving unique business challenges, while reducing the cost of third-party software integrations.
“Connecting Pactum AI into the Coupa Total Spend Management platform gives our customers a more convenient way to scale the benefits of autonomous negotiations and help extend the value that procurement teams add to their businesses,” said Kaspar Korjus, CEO at Pactum AI.
“The purchase request negotiations tool generates significant value where spend is fragmented, complex, and high scale. This is where it has been least economical for humans to fully manage contracts until now, but with the help of AI for autonomous negotiations, both sides can find the most optimal deal. We are proud to be part of the Coupa App Marketplace as our teams work together to bring the benefits of autonomous negotiations to the world.”
Interested in learning more about how your organization can collaborate with Pactum AI and Coupa? Visit: https://marketplace.coupa.com/en-us/apps/448023/pactum-ai-purchase-request-negotiations.
And join our special Coupa webinar this Thursday.
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Coupa and all Coupa logos are trademarks of Coupa Software Inc. All rights reserved.About Pactum AI:
Pactum AI has spent five years developing the technology that enables large enterprises to
conduct thousands of simultaneous autonomous negotiations with their suppliers and find better
deals for both sides. It’s based on an explainable rules-based AI with a convenient chatbot
interface for suppliers, and utilizes the most advanced negotiation science – as every
autonomous negotiation helps improve the next one.
Pactum AI Media Contact:
Adam Rang, [email protected].