Average Ratings 0 Ratings
Average Ratings 0 Ratings
Description
Coverbase is a procurement and third-party risk management platform powered by AI, crafted to streamline and automate every aspect of the supplier lifecycle, starting from vendor sourcing to contract management and ongoing monitoring. This innovative solution enables organizations to efficiently request suppliers, evaluate inherent risks, and collect necessary documentation through autonomous AI agents that can extract data from emails, portals, and internal systems, all without the need for manual involvement, thus removing the tedious back-and-forth communication. Furthermore, it offers workflow automation that harmonizes approvals, tasks, and information across various systems, complemented by a unified supplier data architecture that aggregates information from diverse tools into a singular, coherent record, enhancing workflows, reporting, and data-driven decisions. Coverbase integrates security, compliance, and risk assessment throughout the procurement process, empowering teams to validate controls, identify weaknesses, and keep comprehensive records ready for audits. By providing a comprehensive overview of supplier activities, it helps organizations remain proactive in managing their supplier relationships and associated risks.
Description
Pactum, an AI-powered product, automates and optimizes negotiation processes to achieve better agreements. It focuses on low-cost, high-volume agreements that are often unmanaged or renegotiated with high costs. Pactum's goal is to increase profitability by 4.2% on average using advanced AI technology. Pactum clients' negotiation processes are 71% automated on average. This means that there is no need for human intervention, saving both time and resources. It can negotiate thousands of deals at once, allowing users the ability to engage their entire long tail simultaneously.
API Access
Has API
Yes
API Access
Has API
No
Screenshots View All
No images available
Integrations
Coupa
No
SAP Ariba
No
Synertrade
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Pricing Details
No price information available.
Free Trial
No
Free Version
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Deployment
Web-Based
Yes
On-Premises
No
iPhone App
No
iPad App
No
Android App
No
Windows
No
Mac
No
Linux
No
Chromebook
No
Customer Support
Business Hours
No
Live Rep (24/7)
No
Online Support
Yes
Customer Support
Business Hours
Yes
Live Rep (24/7)
No
Online Support
Yes
Types of Training
Training Docs
Yes
Webinars
No
Live Training (Online)
Yes
In Person
No
Types of Training
Training Docs
Yes
Webinars
Yes
Live Training (Online)
Yes
In Person
Yes
Vendor Details
Company Name
Coverbase
Founded
2024
Country
United States
Website
www.coverbase.com
Vendor Details
Company Name
Pactum
Founded
2019
Country
United States
Website
pactum.com
Product Features
Contract Management
Buy Side (Suppliers)
No
Completion Tracking
No
Compliance Tracking
No
Contract Lifecycle Management
No
Electronic Signature
No
Full Text Search
No
Government Contracts
No
Pre-built Templates
No
Sell Side (Customers)
No
Specialty Contracts
No
Version Control
No
Workflow Management
No
Procurement
Asset Management
No
Auction Management
No
Bid Management
No
Budget Management
No
Catalog Management
No
Contract Management
No
Inventory Management
No
Invoice Processing
No
PunchOut
No
Purchase Order Management
No
Receiving
No
Requisitions & Approvals
No
Sourcing Management
No
Spend Management
No
Supplier Management
No
Product Features
Artificial Intelligence
Chatbot
No
For Healthcare
No
For Sales
No
For eCommerce
No
Image Recognition
No
Machine Learning
No
Multi-Language
No
Natural Language Processing
No
Predictive Analytics
No
Process/Workflow Automation
No
Rules-Based Automation
No
Virtual Personal Assistant (VPA)
No
Procurement
Asset Management
No
Auction Management
No
Bid Management
Yes
Budget Management
No
Catalog Management
No
Contract Management
Yes
Inventory Management
No
Invoice Processing
No
PunchOut
No
Purchase Order Management
No
Receiving
No
Requisitions & Approvals
No
Sourcing Management
Yes
Spend Management
No
Supplier Management
No