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“From an underlying technology perspective, Aravo is strong in the 3PRM space. It has a modern technology stack that underpins all of its products, and scalability, in particular, is high.”
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 2019 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:
“We scored Aravo particularly highly for its automation capabilities, which we view as a key strength as it reduces users’ operational burden.”