Martin Rand | Source | CEO at PactumAI
Martin Rand
Martin is the Chief Executive Officer at PactumAI, an AI-based system that helps global companies to automatically offer personalized, commercial negotiations on a massive scale. His previous experience includes serving as Product Manager at Skype and as the commercial lead for Europe for The Climate Corporation (owned by Monsanto), where he gained firsthand experience in successfully conducting complex negotiations with culturally and geographically diverse teams. Prior to co-founding Pactum, Martin co-founded and served as Chief Executive Officer of another startup, VitalFields, an online farm management system that was acquired by Monsanto. He holds an MA in IT Management and have studied advanced negotiations at Harvard University.
-
PactumAI (https://pactum.com/)
CEO
-
Pactum Launches Artificial Intelligence Tool for Commercial Negotiations
Pactum Launches Artificial Intelligence Tool for Commercial Negotiations Built by Luminaries From Skype, Starship Technologies & Estonia’s e-Residency
Article
-
According to our calculations, all the Fortune Global 500 companies together have 12 million supplier contracts that are unmanaged, also known as ‘tail spend’, amounting to around $100 million to $500 million per enterprise. Our system helps companies enable growth and bring in initially lost income through stronger agreements, while minimizing waste by conducting thousands of parallel automated negotiations at a time. We’ve converted a process that used to take days, involving back and forth communication and preparation, contracts drafts, updates, and approvals, and signatures, etc. to now take an average of 15 minutes.
