Coupa Acquires Tonkean to Accelerate Agentic Intake and Orchestration

With this acquisition, Coupa says it can now provide fully integrated Agentic-as-a-Service capabilities that automate and manage workflows across its network of more than 3,500 buyers and 10 million suppliers. The platform is designed to manage the entire commerce process, from the initial request through ordering and final payment.

Tonkean is the fourth strategic acquisition in Coupa’s plan to build a leading AI-driven trade network, following acquisitions of Cirtuo, Scoutbee, and Rossum. Together with Coupa’s existing platform, these acquisitions strengthen its ability to provide automated trade and spend management solutions.

Tonkean adds a natural language interface that lets users easily submit and track requests, helping increase user adoption by 2.2 times. Its platform also includes advanced multi-agent orchestration and agent-to-agent coordination capabilities that automate complex workflows and reduce manual work, cutting process times by 50% and saving operations teams more than 30 hours each week.

Suppliers also benefit from unified API integrations that support one-to-many connections, making it easier for them to scale and grow their businesses.

"We couldn't have created a more powerful combination in the market than joining forces with Coupa, unlocking tremendous value to customers far and wide," said Sagi Eliyahu, Tonkean Co-Founder and CEO. "With our industrial-grade intake and orchestration now serving as the backbone and foundation for their industry-leading agentic trade network and data, we will seamlessly connect buyers, sellers, and agents in a unified way to deliver autonomous trade in a way that no other company can match, and in turn drive exponential business value for customers. This massive opportunity greatly excites my team and me, and we are thrilled to join Coupa."

"This is a deliberate, strategic step toward building the #1 agentic trade network and delivering autonomous spend management at speed and scale like no one else in the market," said Salvatore Lombardo, Chief Product and Technology Officer of Coupa. "We've assembled the ultimate procurement toolkit: a $10 trillion data foundation, eyes to read any document, intelligence to source smarter, and now the ultimate engine to orchestrate modern, agentic work.

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Said Salvatore Lombardo, "Tonkean brings a 100% no-code process builder and 250+ native connectors that wrap seamlessly around customers' existing architecture. This delivers advanced orchestration and unified integrations on day one with zero rip-and-replace. With Tonkean natively embedded in Coupa, customers get best-in-class orchestration and the best spend platform they already trust, in a single, unified agentic architecture."

“The acquisition of Tonkean is a major step forward for Coupa and the broader market,” said Leagh Turner. “For the past 20 years, we have built a global trade network connecting buyers and suppliers to improve trade and spending processes. During that time, we have delivered more than $300 billion in value and built a dataset worth $10 trillion.”

"Leagh Turner added, "that delivering more automated transactions between buyers and suppliers requires three key elements: strong orchestration capabilities, effective buyer and supplier workflows, and trusted data. According to Turner, Coupa’s acquisitions of Rossum and Tonkean now give the company the technology needed to support increasingly automated and efficient commerce as buying and selling become more complex. He also welcomed Sagi Eliyahu and the Tonkean team to Coupa."

About Coupa

Coupa is a leading platform for autonomous spend management. Celebrating 20 years in business, the company uses its $10 trillion community-generated dataset to provide AI-powered insights and automation across a network of more than 10 million buyers and suppliers. Coupa helps businesses automate purchasing and transaction processes on a single platform, making trade and spend management faster and more efficient.

About Tonkean

Founded in 2015 by Sagi Eliyahu, Tonkean is an intake orchestration platform that helps enterprise teams such as procurement and legal create easier and more effective internal workflows. The platform uses AI to automate request intake, routing, and resolution while allowing companies to personalize processes for each user.

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