In addition to third-party risk management solutions, business services must also manage their own corporate programs and require best-in-class technology to provide managed services offerings.
Aravo supports leading Business Services firms both in their own corporate third-party risk management programs, as well as acting as a technology partner for managed services and industry communities.
With deep expertise in third-party governance, business services firms are increasingly developing and managing third-party programs on behalf of their clients. As industries move toward standardization of best-practice assessments, there is an opportunity to increase efficiency for firms who manage programs on behalf of clients and to reduce duplicative and resource-intensive efforts among suppliers.
Scalable technology architectures like Aravo make it possible for organizations to create two-sided networks in which companies can access a network of third parties that have undergone a prescribed assessment and continuous monitoring process.
Aravo powers some of the largest and most established multi-buyer/multi-supplier communities delivered in the market today, through our partnership with Hellios. These communities serve the financial services, aerospace, defense, security, and retail industries.
Aravo’s extensive range of third-party risk and performance management capabilities provide the ultimate platform for business services firms to build managed services and multi-buyer/multi-supplier communities.
“Aravo provides an intuitive user interface as well as a solid user experience.
– Strategic Sourcing Manager,
Services Industry
“Excellent features and highly professional team with great care of customers.”
– Assistant Manager,
Services Industry
“A great support team makes a wonderful product and gives [the] best services, fully satisfied with the product. Simple interface and easy integration.”
– Assistant Manager,
Services Industry
Innovating Third Party Risk Management
Aravo is Third-Time Category Leader for Third-Party Risk Management
Aravo Named a Leader in the 2021 Gartner® Magic Quadrant™ for IT Vendor Risk Management Tools
Compliance, Continuity, and Resiliency: New Vendor Conversations for Better Outcomes in The Pandemic Era
