Purchasing Negotiations aims at the under-managed, indirect requisitions under $150,000, often classified as Spot Buys.
With the substantial daily transaction volumes in enterprises, even incremental advancements from negotiations can significantly enhance the bottom line.
Pactum AI works to enhance requisition pricing and payment terms through cutting edge, chat bot negotiation technology.
Supplier engagement
89%
Fully autonomous negotiations
100%
Median negotiation time
4 min
Value add negotiated
2%-5%
Average requisition size
$29k
Largest requisition negotiated
$687k