Expent Analysis
What is Expent?
Hyperproof provides an AI-powered platform for governance, risk, and compliance operations. It supports 118+ regulatory frameworks including SOC 2, ISO 27001, and HIPAA. The platform automates control mapping, reduces audit preparation time by 71%, and enables real-time risk monitoring. It integrates with major tools like Slack, ServiceNow, and Jira.
Location
Seattle, United States
Employees
51-200
Founded
2018
Revenue
$0-5M
Product Features & Capabilities
- Sourcing, Vendor Selection, Intake to Procure, Vendor Onboarding, Vendor Management, Vendor Catalog, Performance Management, Risk Management, Contract Management, Software Asset Management, Renewal Management, Risk AI, Smart Questionnaires, Risk Register
Who are the founders of Expent
HN
Harikrishna Narayanan
Founder
SV
Srikanth Veeraraghavan
Founder
Investors
- Y Combinator
- PJC
- Global Founders Capital
- Lorimer Ventures
- Supernode Ventures
- Unusual Ventures
Market Focus
Expent primarily focuses on the procurement and vendor management industry, providing solutions for managing the entire vendor lifecycle, including sourcing, vendor management, and risk assessment processes.
Competitors Overview
Expent operates in the vendor management and procurement software market, facing competition from several notable companies. Key competitors include:
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SBS Vendor Management: Tailored for supplier quality professionals and purchasing, it offers specialized features for managing supplier relationships effectively.
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Precoro: A cloud-based procurement solution that centralizes operations and automates invoice processing. Its user-friendly interface and quick onboarding without IT involvement are significant advantages.
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Jesta Vision Suite: Focused on supply chain operations for retailers and manufacturers, it provides real-time visibility and supports multiple brands and currencies, particularly in the apparel and footwear sectors.
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Promena: Known for its digital transformation capabilities, it offers modules for e-sourcing, procurement, and supplier relationship management, making it a comprehensive procurement solution.
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Vendorful: This platform emphasizes automation and integration with existing systems, simplifying vendor management and e-sourcing, which enhances ROI by reducing manual processes.
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Medius: Specializes in automating the accounts payable process, providing visibility into invoices and cash flow, which streamlines the source-to-pay process.
These competitors differ in their target audiences, specific functionalities, and pricing structures, influencing a company's choice based on its specific needs.
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