How Tonkean is Revolutionising Procurement
Tonkean ’ s AI-powered orchestration platform partners with Coupa to revolutionise procurement processes , paving the way for unprecedented efficiency and effectiveness
Founded in 2015 , Tonkean is an AI-powered process orchestration platform that works behind the scenes to help procurement teams build processes ‘ people actually follow .’
Tonkean ’ s Co-Founder and CEO , Sagi Eliyahu , explains how the company ’ s AI-powered solutions empower sharedservice teams to improve user adoption — including that of P2P platforms like Coupa — and increase process efficiency , all while reducing the burdens of change management .
“ It ’ s meant for nonprofessional buyers to go to , to guide them through the steps that keep them in the process and keep them compliant ,” Sagi explains .
“ We have a lot of Fortune 500 companies using us for everything from purchase intake to invoice intake . This is because we leverage the tech stack , policies and processes that a company already has in place . We can increase adoption , speed and compliance without a lot of change .”
Revolutionising “ archaic ” procurement processes
Tonkean seeks to modernise and unify internal procurement processes , which are typically complex and difficult to follow . The goal is to create processes that emulate the consumer experience .
“ Internal employees make purchases that come with great urgency and importance . Yet , the processes and technologies that they experience are pretty archaic . There ’ s lots of red tape ,” he added
Tonkean ’ s partnership with Coupa , a leading cloud-based spend management platform , demonstrates how augmenting P2P platforms with intake orchestration technology can address this issue . Sagi explains the partnership is successful because of their unique , differing focuses within the industry , “ The Venn diagram of what we [ Tonkean and Coupa ] do is very small as we focus on different areas of that process .”
Room for growth
Tonkean aims to grow into the large market enabled by its Coupa partnership . Sagi believes intake orchestration is a must-have for existing Coupa customers looking to consistently create real business value from within the procurement department .
“ I see no reason why this will not continue to be successful for many years ,” Sagi concludes .
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