Coupa acquired Tonkean, an agentic intake and orchestration platform, enhancing Coupa’s ability to offer fully integrated Agentic-as-a-Service capabilities powering agentic workflow automation and execution.
"The acquisition of Tonkean is game-changing for Coupa and the market. For twenty years, we've built a global trade network that brings together buyers and sellers for the purpose of optimizing trade and spend. To date, we've delivered more than $300 billion of value to that network and amassed a dataset of $10 trillion. To deliver the promise of increasingly autonomous execution of transactions between buyers and suppliers, you need three main things, industrial-grade and unified orchestration, best-in-class buyer and supplier workflows, and clean, trusted data. With the acquisitions of Rossum and Tonkean, in short order, we have now amassed all the assets to make this promise possible for both buyers and suppliers at a time when buying and selling is getting more complex and costly. We couldn't be more excited to welcome Sagi and the Tonkean team to Coupa," says Leagh Turner, Coupa CEO.
"This is a deliberate, strategic step toward building the No. 1 agentic trade network and delivering autonomous spend management at speed and scale like no one else in the market," says 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. 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."
Key takeaways:
· Tonkean brings a natural language interface that allows users to submit and track requests and an advanced framework for multi-agent orchestration and Agent-to-Agent (A2A) coordination. Together they execute complex workflows and replace manual handoffs, reducing cycle times by 50% and saving operations teams over 30 hours per week.
