Aravo is Third-Time Category Leader for Third-Party Risk Management

“There has been a heightened focus lately on supply chain resilience, and Aravo’s recent enhancements in this area illustrate the firm’s ability to adapt to 3PRM trends.”

Third-party risk management has seen a considerable growth in terms of actual spend and focus from a methodological and technological perspective. Chartis-Research, the leading provider of research and analysis on the global market for risk technology, takes a detailed look at Aravo’s functionalities and scoring in their 2021 Chartis RiskTech Quadrant^®.

If you are in the process of considering technology options for third party risk, this is an independent piece of research that you should factor into your vendor selection process. It provides expert analyst assessments of the third-party risk management space, including:

• The RiskTech Quadrant^® for Third-Party Risk Management Systems 2021 – an important tool for companies who are assessing their own third-party risk management technology requirements.
• Leading practices from Aravo, which received high ratings across all criteria for completeness of offering, including data management, workflow and automation, continuous monitoring, compliance capabilities, reporting and visualization, and controls framework.
• The benefit of Aravo’s pre-built enhanced due-diligence applications for GDPR, ABAC, Financial Services, Information Security, ESG, and Supply Chain Resilience.
• An overview of the broad range of end-to-end capabilities offered in the Aravo system.

“One reason for Aravo’s high score for compliance capabilities is the company’s range of dedicated modules for regulations that apply particularly to third parties.”