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Launch13h ago

Coupa Acquires Tonkean

PYMNTS.com1 min brief

In brief

  • Coupa acquired Tonkean to expand its artificial intelligence spend management.
  • The deal aims to make procurement and global trade workflows more autonomous.
  • Tonkean brings a natural language interface and workflow automation.
    • It has helped increase user adoption by 2.2 times and reduce cycle times by 50%.
    • This matters because it can save operations teams over 30 hours per week.
  • The move is part of a larger acquisition strategy to build an agentic trade network.
    • This will make procurement faster and more consistent.
  • Coupa will continue to build its autonomous spend management system.

Terms in this brief

Tonkean
A company known for its natural language interface and workflow automation tools that help increase user adoption and reduce cycle times in procurement processes. Coupa acquired Tonkean to enhance their autonomous spend management system.

Read full story at PYMNTS.com

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