Cotiss

What Cotiss does

Cotiss is a procurement software company founded in 2020 and headquartered in Auckland, New Zealand, that builds an AI-powered context layer for enterprise procurement functions. The platform ingests unstructured material—emails, SharePoint files, meeting transcripts, contracts, and invoices—and encodes the reasoning behind procurement decisions into a connected model of categories, vendors, contracts, clauses, policies, regional rules, and delegations. Cotiss serves large organizations in government, banking, healthcare, utilities, and other critical industries where audit-grade evidence trails, regulatory compliance, and continuity across personnel turnover are operational requirements. The company originally launched as a modular Source-to-Pay platform and has since evolved into procurement context intelligence with native Model Context Protocol (MCP) support, allowing AI agents to query decision-grade context on demand.

The product surface consists of a core Cotiss platform and several modules: Cotiss Source (strategic procurement planning), Procurement Event Management (RFx workflows), Vendor Submission Management, Evaluation (weighted scoring), Contract Management (with e-sign), Vendor Management (Microsoft 365-integrated), and Conflict of Interest Declarations. Cotiss is positioned explicitly as a complement to installed procurement systems such as Coupa, SAP Ariba, Zip, and Oro rather than a replacement, and is SOC 2 Type II certified with SSO, SCIM, role-based access, and end-to-end encryption. Stated customer outcomes include 3–5% recovery of non-headcount OPEX and CAPEX spend, approximately 95% of an organization's vendor spend surfaceable from email alone, 15-hour average implementation investment, and time-to-value under three weeks.

Cotiss generates revenue through a hybrid SaaS model: a US$15,000 annual platform fee plus usage-based pricing tied to procurement volume and data processed, with optional Enhanced Software Support available as an annual add-on. The go-to-market is enterprise field sales, with a 30-minute demo booking as the primary conversion path and a 3-week proof-of-value engagement on sample customer data that is credited toward year-one subscription if the customer proceeds. Cotiss operates through three wholly-owned legal entities—Cotiss Limited (NZ), Cotiss AU Pty Limited (Australia), and Cotiss Inc. (United States, Delaware)—with offices in Auckland, Sydney, and San Francisco. The company is venture-backed, having raised NZ$2.2 million in a May 2023 pre-seed round led by Blackbird Ventures with participation from Afterwork, Co-ventures, IceHouse, PhaseOne, GTM Fund, and 645 Ventures.

Name

Cotiss

Legal name

Cotiss Limited

Website

https://cotiss.com

Company type

Private

Founded year

2020

Operating status

Operating

Headcount range

11–50 employees

Short description

Cotiss is an Auckland-based procurement software company that builds an AI-powered context layer capturing unstructured reasoning from emails, meetings, and documents for enterprise procurement teams in government, banking, healthcare, and utilities.

Ownership category

akta.pro rank

Product category

Procurement Intelligence Software

NAICS

Software Publishers (5132), Software Publishers (51321), Custom Computer Programming Services (541511)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Enterprise Application License Advisory, Vendor Management & Optimization (BPAEAGAO)

akta.pro secondary industries

Sourcing Support & RFx Administration (RFI/RFP/RFQ) (BPAAAJAC), Vendor Master Data Management & Onboarding (BPAAAJAB), Spend Analytics & Reporting Support (BPAAAJAJ), Intelligent Document Processing (IDP) & OCR Automation (HDAEAHAC)

Keywords

• Procurement intelligence software
• Vendor management platform
• Spend analytics
• Contract lifecycle management
• AI procurement context

Headquarters

HQ city

Auckland

HQ country

New Zealand

HQ region

Oceania

Offices3 records

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Marketing or Sales, Operations, Infrastructure

Revenue model

1. SaaS Platform Subscription: Subscription-based SaaS model with a $15,000 platform fee. Additional usage-based pricing components. Subscriptions auto-renew with CPI-adjusted pricing at renewal. Standard support included; enhanced support available as add-on.
2. Usage-Based Pricing: Usage-based pricing component in addition to platform fee. Scales with procurement volume and data processed.

Pricing tiers

Go-to-market motion1 record

Distribution channels1 record

Marketing channels3 records

Core offering

Cotiss provides an AI-powered procurement context layer SaaS platform that captures unstructured reasoning from emails, meetings, SharePoint files, contracts, and invoices, encoding it into a queryable, audit-grade context graph of categories, vendors, contracts, clauses, policies, and delegations. It works alongside existing ERP, P2P, CLM, and AI agent stacks (Coupa, Ariba, Zip, Oro, custom LLMs) via a native MCP endpoint, surfacing vendor activity, vendor commitments, and savings opportunities that transaction systems alone miss. Customers include enterprise procurement teams in government, banking, healthcare, and utilities.

Product overview

Cotiss is a unified procurement intelligence SaaS platform that serves as the 'context layer' for procurement decisions. The platform captures unstructured data (emails, invoices, meetings, contracts) and converts it into structured, queryable intelligence. The core Cotiss platform includes integrated modules for Procurement Event Management (creating and managing sourcing events, vendor invitations, RFx workflows), Evaluation (scoring and reviewing vendor submissions), Contract Management (storing and tracking contracts with e-sign capabilities), Vendor Management (contact registry for vendors/suppliers), and Conflict of Interest tracking. Cotiss Source is a specific product module focused on strategic procurement planning with project dashboards and outcome tracking. The platform is built for procurement functions in government, banking, healthcare, utilities, and enterprises where audit, compliance, and continuity matter.

Differentiator

Problem solved

Functional benefit

Products and services

• Cotiss Platform Core AI-powered procurement context layer SaaS platform that ingests unstructured data (emails, invoices, meetings, contracts) and turns it into structured, queryable, audit-grade procurement intelligence, with native MCP support for AI agents. Sold to enterprise procurement, finance, legal, and audit functions.
• Cotiss Source Strategic procurement planning module providing structured views of upcoming sourcing events tied to projects and timelines, with project dashboards, live progress tracking, guided sourcing workflows, built-in approvals, and market analysis capabilities for procurement teams.
• Procurement Event Management Module for creating and managing procurement events from planning through vendor sourcing to receiving responses; supports RFx workflows including RFP, RFQ, RFI, EOI, and ITQ processes for procurement teams.
• Vendor Submission Management Module for managing vendor responses, including inviting vendors, monitoring response rates, reviewing submissions, and handling clarification documents with pass/fail mandatory conditions.
• Evaluation Module Module for evaluating and scoring vendor submissions with weighted scoring calculations, export capabilities, moderation features, and adjustment support for active evaluations.
• Contract Management Module for storing, tracking, and managing contracts including contract documentation, reminders, notes, e-sign capabilities, variations, and approval workflows.
• Vendor Management Module for managing vendor/supplier contacts and relationships, including a contact register, vendor tracking, and Microsoft 365 integration for capturing vendor communications.
• Conflict of Interest Declarations Module for centralizing conflict of interest declarations from account users, capturing actual, perceived, or potential conflicts with supporting documents and resolution tracking.

Quantifiable outcome

• 3–5% of non-headcount OPEX + CAPEX spend recovered on average
• +5 more outcomes

Segments4 records

Ideal customer profiles1 record

Technology focussed Yes

API detail

Has API

Yes

API docs

API detail

Core technology

AI maturity

App detail

Integration5 records

AI capability7 records

Feature6 records

Scale indicators6 records

Recent moves6 records

Expansion highlights6 records

Direct peers

• Zip: Procurement orchestration platform (intake-to-pay) that Cotiss explicitly integrates with and works alongside. Comparable B2B SaaS for enterprise procurement teams with overlapping ICP and similar module-based product strategy.
• Oro Labs: Procurement orchestration platform with workflow and intake automation. Cotiss names Oro as a complementary system; both target enterprise procurement modernization and similar buyer personas.
• Procurify: Mid-market and enterprise procure-to-pay SaaS covering purchase orders, approvals, vendor management, and spend visibility. Directly overlaps Cotiss's vendor management and procurement event modules.
• Vendr: SaaS spend management and procurement platform including sourcing, vendor research, and renewal negotiation. Overlaps Cotiss's vendor intelligence and category strategy themes, particularly in mid-market and enterprise SaaS purchasing.

Broad incumbents

• Coupa Software: Established enterprise spend management platform covering sourcing, procurement, invoicing, and supply chain. Cotiss explicitly positions itself as complementary to Coupa rather than competitive, but Coupa's roadmap into AI and context features is the largest competitive threat.
• SAP Ariba: Incumbent B2B procurement and supplier network owned by SAP. Same buyer personas and named by Cotiss as a complementary system; Ariba's installed base and SAP integration are both a partnership opportunity and competitive moat.
• GEP: Large end-to-end procurement and supply chain software and services provider with AI-augmented sourcing and contract solutions. Larger, broader incumbent with overlapping enterprise procurement capabilities.

Emerging players

• Tropic: Procurement intelligence platform focused on SaaS spend management, vendor benchmarking, and renewal intelligence. Comparable 'procurement intelligence' positioning to Cotiss with overlapping messaging around decision context and category strategy.
• SpendHQ: Spend analytics and category management platform that helps procurement teams surface savings opportunities and track category performance. Overlaps Cotiss's spend analytics and category strategy modules.
• Gatekeeper: Vendor and contract lifecycle management SaaS focused on centralizing supplier data, contracts, and compliance. Directly comparable in vendor management and contract intelligence to Cotiss's modules.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles3 records

Subsidiaries2 records

Funding overview

Funding rounds1 record

Investors6 records

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cotiss