Pactum

Amazon and Walmart Use GenAI to Cut Vendor Costs
Amazon and Walmart Use GenAI to Cut Vendor Costs
June 07, 2024  |  Retail

As Amazon and Walmart compete for retail dominance, the two industry giants are implementing generative artificial intelligence across the supply chain to cut costs and...

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AI Helps Multinationals Ease Supply Chain Pressures
AI Helps Multinationals Ease Supply Chain Pressures
August 13, 2023  |  artificial intelligence

Artificial intelligence isn’t new to shipping, but the way some companies are using it is. That’s according to a report Saturday (Aug. 12) by the...

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Chatbot Adoption Soars as Human Assistance Fades 
Chatbot Adoption Soars as Human Assistance Fades 
July 16, 2023  |  artificial intelligence

Unless you’ve been living under a rock, or haven’t been reading your PYMNTS newsletter, you’ve probably noticed that there’s been a massive shift in the way...

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Walmart Reportedly Finds 75% of Vendors Prefer Negotiating With Chatbot
Walmart Reportedly Finds 75% of Vendors Prefer Negotiating With Chatbot
April 26, 2023  |  Artificial Intelligence

Add procurement manager to the list of jobs being aided by artificial intelligence (AI) tools. Walmart is using a chatbot developed by Pactum to negotiate...

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Pactum Closes $3M Seed Funding Round
Pactum Closes $3M Seed Funding Round
June 30, 2020  |  B2B Payments

Pactum, which works to let companies automate personalized commercial negotiations on a wide scale, has ended a seed funding round for $3 million, according to...

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AR’s Role In Accelerating AP Processes
AR’s Role In Accelerating AP Processes
April 14, 2020  |  B2B Payments

Legacy accounts receivable (AR) and accounts payable (AP) operations aren’t only inefficient, they’re costly. PYMNTS’ latest The Optimizing AP and AR Playbook, a collaboration with...

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Adjusting The Goalpost In Buyer-Supplier Negotiations
Adjusting The Goalpost In Buyer-Supplier Negotiations
April 02, 2020  |  B2B Payments

Managing supplier relationships strategically is more crucial than ever to maintain supply chain flow and keep store shelves stocked. But when a company like Walmart...

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