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Ensure TPRM integrity and visibility across your extended enterprise.
When bringing products to market daily, Consumer Goods (CPG) organizations face many third-party challenges. From poor sustainability practices and compliance failures to reputational challenges and supply chain delays, the CPG industry still needs to ensure the overall integrity of its third-party risk management (TPRM) and supplier programs.
To help ensure integrity and avoid costly disruptions, CPG organizations require comprehensive visibility across their vendor ecosystem, as well as capabilities that help them mitigate the impact a third-party risk could have on delivering goods and services to consumers.
In an industry with potential disruption risks, CPG organizations must bring products to market while efficiently navigating compliance, reputational, sustainability, and logistical challenges.
Organizations need to manage and mitigate third-party risks related to:
Supply Chain Disruptions
Reputational and Brand Risks
ABAC (anti-bribery and anti-corruption)
Sustainability and ESG
Concentration Risk
Components and Labor Shortages
Safety and Quality
Cyber Risk and Data Privacy
When managing third, fourth, and Nth parties, CPG organizations need streamlined, effective TPRM solutions that are scalable, robust, and contain tested platform functionality.
In order to manage risks across the entire relationship lifecycle, Aravo’s TPRM solutions provide complete visibility, enhanced risk mitigation workflows, and integrated and accessible due diligence utilizing enhanced risk intelligence.
Aravo’s TPRM Capabilities provide the tools to help you manage your entire supplier network through:
Centralization of your entire third-party ecosystem
Thorough visibility and documentation
Enhanced risk mitigation workflows and automation
Focused risk intelligence across risk domains
Aravo’s cloud-based solution is designed to help CPG organizations manage their third-party supplier network, avoid disruptions, and protect brand reputation. Our products help the CPG industry modernize and mature its TPRM programs and demonstrate a commitment to sustainable, efficient, and safe supply chains.
TPRM Platform: Aravo uniquely provides a powerful TPRM platform that helps CPG companies automate and streamline their processes, workflows, risk assessments, and disparate technologies to effectively manage and react to third-party risks. Our enhanced risk mitigation workflows, performance management, and risk intelligence functionality gives you the confidence to manage risks proactively.
Anti-Bribery and Anti-Corruption (ABAC): Eliminating unethical sourcing and operations across the extended enterprise is critical when CPG organizations manage a huge network of direct and indirect suppliers. Aravo helps some of the world’s most respected CPG brands guard against corruption in their complex third-party networks. Because of this experience, our pre-defined ABAC solution includes a proprietary best practice questionnaire built on guidance from the FCPA and others.
Strategic Alignment Framework™: CPG organizations can leverage Aravo’s Strategic Alignment Framework™, a best practice-based methodology designed from working with some of the largest global CPG brands, to make the decisions needed to build and mature their TPRM program.
ESG: CPG organizations have a moral obligation to ensure ethical, responsible, and environmentally friendly behaviors and processes. Aravo’s ESG solution offers a wide variety of applications that help businesses in this industry ensure that their extended enterprise operates with integrity and adapts to evolving stakeholder and regulatory expectations.
Information Security: As third-party-related cyber breaches rise across all industries, CPG organizations face severe brand reputation risks. Aravo’s IT Vendor Risk Management solution allows you to understand, manage, and mitigate the cyber risks posed by third parties and vendors through centralization and automated workflows.
We reduced anti-bribery and corruption assessment cycle times by 70% and significantly improved their ability to provide third-party risk management reporting and respond to audits.
A multi-media integration trains high-risk suppliers in their ecosystem of 72,000 third parties without requiring an additional learning management system.
“Aravo is an excellent tool for managing end to end processes, with tailored workflows, emails and chase cycles built in to the automated system capability. Aravo’s strength for me lies in its traceability and high level of automation. Aravo is a highly customizable and versatile system.”
– Social Accountability Manager,
Global Manufacturing Firm
“Implementation took no time and integration is good. Overall happy with the service. Excellent features & great support from the solution experts to deliver our needs. Robust functionality.”
– Sourcing and Vendor Relationships,
Services Industry
“The Aravo solution delivered meets our complex, global needs for screening third parties for 3 risk areas, collecting and validating supplier information required to support out procure to pay transactional processes and integrating that information with our SAP ERP system.”
– Financial Services & Solutions Associate Director,
Manufacturing Firm
With a single system for all third-party information and powerful risk management workflow processes, Aravo helps you streamline the management of your third parties throughout the full lifecycle of the relationship.
Our CPG experts are on hand to help you start transforming your TPRM program to drive supply chain integrity and reliability, meet evolving stakeholder expectations, protect your brand, and gain confidence in your third-party relationships and distributors.
