Tonkean announced Tonkean Contracts Hub, an AI-native contract orchestration solution for enterprise procurement and legal teams that leverages Tonkean AI agents to modernise the entire contract lifecycle, from request and review through post-signature obligations.
Tonkean Contracts Hub is available for all Tonkean customers using Tonkean’s LegalWorks and/or ProcurementWorks solutions. They leverage AI and no-code orchestration to automate the intake, triage, and resolution of legal and procurement work across the enterprise technology stack, with contract workflows as a core component.
“Enterprise legal and procurement teams need contract solutions for the agentic era,” says Tonkean co-founder and CEO Sagi Eliyahu. “Tonkean Contracts Hub delivers exactly this by combining AI-native intake, contract workflow orchestration, and post-signature governance in a single, flexible platform purpose-built for each function.”
For procurement teams that need contracts to move faster and want to better govern spend and suppliers, Tonkean streamlines contract intake, drafting, and approvals while transforming negotiated terms – pricing, rate cards, renewals, and obligations – into enforceable controls across ERP, P2P, invoicing, and supplier systems.
The benefits of Tonkean Contracts Hub are far-reaching. For procurement teams, Contracts Hub offers:
- More accurate and compliant purchasing. Contracts Hub extracts negotiated prices, rate cards, discounts, and payment terms and syncs them into ERP and S2P, so purchasing flows are governed by the correct commercial terms.
- Reduced manual effort on PO and invoice checks. POs and invoices are automatically validated against contract terms and thresholds, with discrepancies such as overbilling or incorrect SKUs flagged by agents rather than discovered later in audits.
- Improved supplier sourcing and value capture. Volume commitments, SLAs, rebates, and reporting requirements are captured as structured data and turned into tasks, alerts, and workflows for the appropriate owners.
- Fewer surprise renewals and true-ups. Notice windows, term dates, and usage or volume thresholds are monitored proactively, triggering renewal, renegotiation, or sourcing workflows well before auto-renewal.
- Greater strategic focus for procurement. Agents handle contract-to-transaction checks and obligation monitoring, allowing procurement teams to focus on savings, supplier performance, and stakeholder partnerships.
And for legal teams:
- Reduced contract cycle times. AI analyses first- and third-party contracts up front, surfacing changes, risks, and required approvals so attorneys can concentrate on higher-value judgment and negotiation.
- Lower legal touch on routine work. Standard NDAs and low-risk agreements can be generated, routed, and executed through guided self-serve flows, with Legal engaged only on exceptions.
- A more consistent risk posture. Playbooks and policies are applied within the workflow, with deviations flagged and policy-aligned fallback positions presented automatically to reviewers.
- Better management of contractual obligations. Key terms – notice periods, DPAs, SLAs, termination rights, and other obligations – are tracked as structured data, with agents triggering follow-ups and escalations when action is required.
- Greater visibility into legal’s value. Cycle times, exception patterns, and obligation-compliance metrics roll up into dashboards that help Legal demonstrate its role in reducing risk and enabling the business.
Eliyahu says, “Tonkean Contracts Hub ensures agreements move faster and actually drive the outcomes they were designed to deliver. AI and agentic orchestration have changed how procurement and legal teams need to function, making it possible for a far more outcomes-driven back-office operation. This change is occurring across all aspects of back-office operations. It’s only logical that contracts follow suit.”
