What is Expent?
Managing your company's vendors often involves navigating a complex web of different tools, spreadsheets, and communication channels across multiple teams. This fragmentation can lead to inefficiencies, missed deadlines, uncontrolled spending, and increased risk. Expent provides a unified platform designed to bring clarity and control to every stage of your vendor relationships, from initial sourcing all the way through performance management and contract renewal. It empowers your Procurement, IT, Security, Finance, and Vendor Management Office (VMO) teams to collaborate effectively within a single, integrated system.
Key Capabilities
📥 Centralize Intake & Approvals: Initiate all vendor and purchase requests through one intuitive interface. Automated workflows loop in the right stakeholders (Security, IT, Legal, Finance, Business) at the appropriate times, significantly reducing delays and ensuring compliance.
⭐ Make Informed Vendor Selections: Evaluate potential vendors more effectively. Expent supports structured RFx or Proof of Concept (PoC) processes and provides expert-developed templates based on how similar companies assess vendors, guiding you toward sound decisions.
🛡️ Assess Risk with AI Assistance: Quickly gauge a vendor's security posture. Expent's AI analyzes security reports and compliance documents, identifying key risks up to 80% faster than manual reviews. Track and manage all vendor risks within a centralized Risk Register.
📊 Manage Performance & Contracts: Monitor vendor performance using automated surveys and clear, visual dashboards. Keep all contracts organized in a central repository where AI automatically extracts key data points, eliminating tedious manual data entry and searches.
⏰ Stay Ahead of Renewals: Never miss an important date. Receive timely notifications for upcoming contract renewals and other key milestones. Automated workflows help manage the renewal process efficiently, giving you more time to review performance and negotiate favorable terms.
📚 Maintain a Single Source of Truth: Establish a comprehensive Vendor Catalog using Master Data Management principles. This ensures all teams access consistent and accurate vendor information, fostering better collaboration and decision-making.
💰 Optimize Software Assets: Keep track of your software inventory. Identify unused or underutilized licenses to optimize spending and ensure you're getting the most value from your software investments.
Practical Use Cases
Onboarding a New Supplier: Your marketing team needs a new analytics tool. A request is submitted via Expent's intake portal. The system automatically triggers reviews by IT (checking security compliance using Expent's risk assessment tools), Legal (for contract terms), and Finance (for budget approval). Procurement oversees the process, having full visibility, and the vendor is onboarded smoothly and securely in record time compared to the old email-chasing method.
Preparing for a Key Renewal: The contract for a critical infrastructure provider is up for renewal in 90 days. Expent automatically notifies the VMO and IT lead. They use the platform to review the vendor's performance dashboard, which includes recent stakeholder feedback collected via automated surveys. This data allows them to enter renewal negotiations fully prepared, aiming to optimize terms based on demonstrated value.
Conducting Security Audits: Your Security & Compliance team faces an audit requiring proof of third-party risk management. Using Expent, they quickly access the Risk Register, showcasing a clear history of assessments, identified risks with likelihood and impact scores, and mitigation actions taken for each key vendor. The AI-assisted initial assessments demonstrate a thorough and efficient process, satisfying auditor requirements.
Conclusion
Expent consolidates the entire vendor lifecycle into one cohesive platform, replacing disjointed workflows and scattered information. By bringing together sourcing, risk assessment, performance tracking, contract management, and renewals, Expent helps your organization reduce manual effort, mitigate risks, control costs, and build stronger vendor relationships. It provides the structure and automation needed for your teams to manage vendors strategically and efficiently.
More information on Expent
Launched
2020-03
Pricing Model
Paid
Starting Price
Global Rank
2738013
Follow
Month Visit
<5k
Tech used
Google Analytics,Google Tag Manager,Microsoft Clarity,Webflow,Amazon AWS CloudFront,Cloudflare CDN,JSDelivr,unpkg,Google Fonts,jQuery,Splide,Gzip,HTTP/3,OpenGraph,HSTS
Top 5 Countries
83.23%
16.77%
India
United States
Traffic Sources
45.27%
39.97%
8.37%
4.59%
1.75%
0.06%
Search
Direct
Referrals
Social
Paid Referrals
Mail
Expent was manually vetted by our editorial team and was first featured on 2025-05-02.
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