Pactum, a startup backed by the founders of Skype and TransferWise, released its first self-named tool on Wednesday. The solution puts artificial intelligence (AI) squarely in the pilot seat of vendor and service contract renegotiations, joining the pantheon of solutions attempting to put a dent in some of the agreement-related tasks log-jamming corporate to-do lists.
Martin Rand, Pactum’s CEO, seems confident that the solution’s data-driven approach to negotiations is enough to separate it from players on the field that tend to operate in more of a third-party intermediary capacity, requiring both sides to submit their negotiation preferences.
This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.
To view this content, please continue to their sites.
Not a Lexis Subscriber?
Subscribe Now
Not a Bloomberg Law Subscriber?
Subscribe Now
LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.
For questions call 1-877-256-2472 or contact us at [email protected]
