Coupa Acquires Rossum
Tuesday 12th May, 2025
Coupa announced earlier today that it has acquired Rossum, the AI-first market leader in intelligent document processing (IDP).
The acquisition builds on a partnership that automates complex invoicing for Accounts Payable (AP) teams to extend IDP capabilities across the entire Coupa portfolio enabling autonomous spend management with agentic AI.
Customers already gain value from Rossum’s embedded capabilities in the Coupa platform for AP and with the acquisition they will get the opportunity to leverage Rossum’s IDP technology, powered by a specialised transactional large language model (T-LLM) with the aim of faster processing, meaningful cost savings, and greater data control in complex invoicing across direct and indirect spend.
Rossum brings a purpose-built, AI-first architecture that moves beyond legacy OCR technology. Its transactional intelligence is powered by a proprietary domain-specific model trained on tens of millions of documents, continuously learning from each customer's unique document set to accelerate time-to-value. Combined with Coupa's Navi agentic fleet, customers gain the full benefits of IDP across their entire source-to-pay process.
“Rossum changes the game entirely. As a strong partner since 2024, we know there is incredible value in bringing the two companies together across the entire source-to-pay function.,” said Leagh Turner, Coupa CEO.
“The combined value of Coupa and Rossum has been proven in AP and invoicing, and we see massive future value in applying Rossum’s T-LLM and AI-first technology across the Coupa platform.
We’ve been able to deliver over $300 billion in customer savings over the past 20 years. With Rossum, we believe we can help them save the next $300 billion in five with a system of decision and intelligence that is unrivaled.”
“Joining Coupa is the natural evolution of a years-long partnership built on a shared AI-first culture. By combining our proprietary T-LLM transactional intelligence with Coupa’s massive $10T data set, we are well positioned to create immediate customer value and fundamentally change how the world buys and sells,” said Tomáš Gogár, Rossum CEO and Co-Founder. “We’re excited to join Coupa, especially at this critical acceleration of how businesses use and adopt AI.”
If you're planning a trip to Coupa’s flagship annual event, Inspire, attendees will have a chance to learn more about the power of combining Coupa and Rossum in the Expo Hall and informative sessions.
Kirkland & Ellis LLP served as counsel to Coupa with respect to the transaction.
Guggenheim Securities, LLC served as exclusive financial advisor and Orrick, Herrington & Sutcliffe LLP served as legal advisor to Rossum.
