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Pactum, the creator of autonomous negotiation technology, wins the prestigious Digital Procurement World 2021 Startup Competition

The procurement industry recognizes Pactum as a category creator that helps the world’s largest brands unlock millions’ worth of net new value 
SAN FRANCISCO, Sept. 20, 2021 /PRNewswire/ — Pactum, the creator of autonomous negotiations, has won in the Automation & Efficiency category in this year’s edition of Digital Procurement World’s DEMO Startup Competition. This prestigious award recognizes those startups driving procurement’s digital transformation and generating the highest ROI for organizations worldwide.
 
 
Commenting on Pactum’s award, the DEMO 2021 Judging Panel highlighted that “Pactum’s vision is to automate supplier negotiations for tail end spend which are one of the core processes of procurement and oftentimes very time consuming, while adding little value to the company. Not only are they freeing up valuable time by automating the process, they are also building a strong data foundation which can be used to further optimize future negotiation processes”.
“The majority of companies’ investment goes into dealing with a small group of their suppliers. That means that about 80% of businesses’ providers go unmanaged, leaving money on the table”, says Kaspar Korjus, Chief Product Officer and co-founder at Pactum. Tail spend, especially when dealing with large suppliers, is time-consuming and labor-intensive, which leads many procurement professionals to conclude that trying to optimize this spend isn’t worth the effort. For the average Fortune 500 company that means $240 million locked in inefficient long tail deals that often go unmanaged. Pactum changes that.
Our autonomous negotiations are built upon advanced mathematical models and cognitive science and designed to reach optimal agreements for both parties in a matter of minutes, yielding the potential to achieve  5-15% in savings in this spend category[1].
Pactum is currently enabling companies like Walmart, one of the ten largest banks in the world, a Fortune 200 electrical manufacturer, a top logistics brand, and other industry leaders across retail, consumer packaged goods, logistics, industrial, financial services, and auto to create between $2M and $11M of new value per $100 million of tail spend. Some of these companies are already seeing gains up to 6.5% in profitability from each supplier deal Pactum negotiates on their behalf.
“We believe that strategy should be driven by humans while machines take care of the implementation.That’s why we created a brand new technology, autonomous negotiations. This award is a testament to the way Pactum works with global industry leaders like Walmart to automate their end-to-end suppliers’ negotiation process so they can unlock that hidden value without any human effort,” adds Kaspar.
Our solution is designed to easily fit within our clients’ strategy and tech stack, enabling them to remain at the forefront of innovation while expediting their time to value. “Pactum’s autonomous negotiations help procurement professionals automate and streamline repetitive processes and manual tasks to increase efficiency, improve accuracy and create value,” highlights Matthias Gutzmann, founder of Digital Procurement World (DPW).
Procurement teams can take advantage of this newly created technology and use autonomous negotiations to transform what used to be an unavoidable challenge into a source of new value for their company.
About Pactum
Pactum is an AI-based system that helps global companies to autonomously offer personalized, commercial negotiations on a massive scale. The system adds value and saves time for both the Pactum client and their negotiation partner by aligning their values to determine win-win agreements via an easy-to-use chat interface that implements best-practice negotiation strategies. The web-based tool’s applications focus on enterprise procurement negotiations. The company is based in Mountain View with engineering and operations in Estonia. Pactum was built by luminaries from Skype, Starship Technologies and the Government of Estonia’s e-Residency program. Learn more at www.pactum.com
Photo – https://mma.prnewswire.com/media/1629726/Pactum_World_DEMO.jpg  
Media ContactAngela Gonzalez-RodriguezHead of Communications, Pactum angela.gonzalez-rodriguez@pactum.com Direct +1 718 766 8547
[1] As estimated by McKinsey. https://www.mckinsey.com/business-functions/operations/our-insights/long-tail-big-savings-digital-unlocks-hidden-value-in-procurement

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Vikram Vedha to open its advance bookings in 1250 multiplexes from 24th September

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Moreover, Vikram Vedha will have the largest international distribution for a Hindi film, with a record-
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Manoj Bajpayee will take 1 week off from his schedule to attend all the rituals on his fathers 1st death Anniversary day.

Three times National Film Awards and the Padma Shri winning actor Manoj Bajpayee who has completed three decades in the showbiz business and Juggling with multiple projects between different genres, characters and mediums. Manoj Bajpayee is a powerhouse actor when it comes to Indian cinema. Even if you haven’t seen many of his movies, you will have heard of talented actor Manoj Bajpayee’s name because of his brilliant performances in his films. The finest actor has become synonymous with content-driven subjects who also have been consistently working in multiple film industries.

The finest actor of Hindi cinema Manoj Bajpayee who has several movies lined up this year, will be taking 1 week off from his current project, which is directed by Apurva(Aspirant fame & produced by Vinod Bhanushali in mid september and will be leaving for his home town with his wife and daughter to attend all the puja rituals on his father’s 1st death anniversary day. Manoj Bajpayee’s father RK Bajpayee passed away at 83, last year in Delhi.

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Here comes the title of Jackky Bhagnani’s Jjust Music upcoming RVD’s soulful creation ‘Raaz’

Jackky Bhagnani’s Jjust Music has been coming up with some really amazing songs one after the other and now they are here with the title of their upcoming heart-touching melody by RVD, a soulful creation ‘Raaz’. It’s a melodious song by an Indie rap artist, RVD that evokes his potential lover to become his secret as that way she’ll go down to the grave with him and stay with him forever. 

The song captures a glimpse of feelings that brings a boy close to the emotions of his lover encapsulating his zest for involving her in his life a secret that will stay with him for life. Jotting down his deepest emotions learn from his life, RVD beautifully communicates through his art in music a feeling of true happiness that can only be appreciated and enjoyed in privacy as the unconditional bond they share is completely sacred which the world won’t understand as they’re not in our shoes. 

Moreover, the artist in a true sense, RVD is an artist who’s been given all the love by the world but battles and deals with his own loneliness by making music, he talks about how he has learned ‘you can’t be lonely if you’re comfortable being alone’ in the process, and through only music, he can express these thoughts. He is an artist who makes modernized music with a blend of cultural touches in Urdu and Punjabi languages, which makes him stand out from the general crowd.

RVD, is an Indie rap artist from Kolkata, West Bengal who’s been making much sound on the east side. Performed alongside pan India artists like Mohit Chauhan, Dino James, Zareen, Kayan, Gully Gang, etc. With tracks like ‘Riha’ and ‘Iteyhaas’ which have done extremely well, RVD has even caught a lot of attention and traction in the general crowd and the gaming world on a pan-India basis.

Meanwhile, Jjust Music made it to the headlines for it’s first PAN India music video Mashooka starring bold and quirky Rakul Preet. The song turned out to be a huge success and was received well by the audience.

https://www.instagram.com/reel/Ci2B4nfA-K6/?igshid=ODBkMDk1MTU=

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