Market Research Report

Company Overview

Process Street is a prominent cloud-based SaaS platform headquartered in San Francisco, California, with a core specialization in workflow and process automation. The platform offers a no-code, user-friendly interface designed to enable teams to manage, automate, and optimize business processes efficiently. Distinguished as the world's first AI-powered process management platform, Process Street provides robust solutions tailor-made for compliance-centric teams, helping transform core business processes into efficient workflows.

Products and Services

Process Street offers a comprehensive range of tools for business process management, which include:

• AI-Powered Workflow Design: Harnesses artificial intelligence to automate and optimize business processes, thereby improving productivity and scalability.

• Task Management: Equipped with tools to create, track, and automate tasks, facilitating streamlined operations.

• Integration Capabilities: Offers seamless integration with prominent platforms like Salesforce, Slack, Microsoft Teams, DocuSign, HubSpot, among others, enhancing workflow capabilities.

• Forms and Data Management: Provides customizable forms for effective data collection integrated with automation features.

• Compliance and Governance Tools: Offers templates and workflows structured for governance, risk management, and regulatory compliance.

Financials and Funding

Process Street has attracted significant financial backing, with total funding approximating $15.2 million. Noteworthy investments have been made by entities such as Accel, Salesforce, and Atlassian Ventures. The company notably raised $12 million in a Series A round in 2020, highlighting its growth potential and innovative stance in business process management.

Leadership

Key Leadership

• Vinay Patankar - CEO: Co-Founder and CEO, recognized as one of the youngest Cisco engineers in Australia. With extensive experience in IT and finance, Patankar is proficient in sales, marketing, and user experience design, previously achieving significant revenue growth in prior ventures.

• Cameron Mckay - CTO: Co-Founder and CTO, self-taught programmer from the age of 14, with advanced education in DNA Computing. Mckay has played a pivotal role in developing Process Street's technological framework and software re-engineering.

Market Presence and Clients

Process Street serves an extensive clientele of over 3,000 companies across industries such as fintech, healthcare, technology, and professional services. Notable clients including Colliers, Salesforce, and Bentobox utilize Process Street's tools to bolster documentation and operational efficiency. The platform boasts a 98% customer satisfaction rating, underscoring its reliability and positive influence in the market.

Competitor Profiling

In the competitive realm of business process management platforms, Process Street faces competition from several noteworthy contenders, each offering distinct capabilities:

1. Kissflow

• Positioned as a low-code platform, Kissflow offers a comprehensive solution for workflow and business process management with a strong emphasis on flexibility and simplicity. It maintains a global presence serving clients in over 160 countries.

2. ClickUp

• A robust all-in-one productivity platform, ClickUp provides tools for project management, task tracking, and collaboration. It caters to diverse sectors such as software development, marketing, and IT with versatile integration capabilities.

3. ProcessMaker

• Specializes in business process automation, focusing on mid-market sectors such as banking, education, and manufacturing. Known for its low-code and no-code solutions enhancing accessibility.

4. Monday.com

• Offers a versatile work operating system supporting custom workflows. Frequently recognized for its project management and collaborative work management tools.

5. Trainual

• Focuses on employee onboarding and knowledge management, streamlining the creation of organizational playbooks for small to medium enterprises.

6. SweetProcess

• Provides straightforward solutions for process documentation and workflow automation, targeting small and medium-sized businesses.

7. Tallyfy

• Delivers user-friendly solutions aimed at simplifying complex business processes, focusing on effective process mapping and documentation.

Each competitor presents unique features and value propositions within the business process management domain, necessitating that Process Street continuously innovates and adapts to maintain its market position.