Achieving a single, centralized view of third-party risks empowers organizations to efficiently manage greater volumes and more complex risk assessments. A unified approach not only streamlines prioritization and decision-making, but also reduces blind spots, user bias, and inconsistencies across your risk management processes.
Aravo’s Evaluate Engine is a fully automated, out-of-the-box solution that enables organizations to assign weighted, customized scores to specific risk elements—both within and across risk categories. TPRM professionals can define and tailor risk scoring ranges to match their distinct risk environments — with a simple binary scale (1–2), a detailed 1–156 scale, or an ultra-granular 1–5000 system. This flexibility allows teams to more effectively identify, prioritize, and optimize their risk management programs.
Discover how Aravo’s Evaluate Engine:
Explore our datasheet to learn more about how Aravo’s Evaluate Engine can transform your TPRM program.