Legislation like GDPR, CCPA, and increased cybersecurity incidents have placed high tech organizations under increasing regulatory and public scrutiny, especially in the areas of data privacy and information security.
High tech firms have come under increasing regulatory and public scrutiny, especially in the areas of data privacy and information security, as evidenced by legislation like GDPR and CCPA. Regulators have made it clear that high tech firms will be held accountable for breaches, even when the vulnerability is the fault of a third party. The increasingly global reach of high tech firms also brings increased scrutiny from ant-bribery and corruption, responsible sourcing, and other regulators as firms leverage third parties to open new markets and acquire raw materials or components.
Household brands in the high-tech industry trust in Aravo’s technology to manage their global third-party risk programs and protect their brand integrity. One of the world’s leading software companies replaced an ineffective third-party risk management solution with Aravo to automate its Supplier Security and Privacy Assurance program, assure third-party GDPR compliance, and provide a secure self-service portal for 212,000 third parties operating in 20 languages.
“An excellent product and user-friendly UI (user interface), good functionality and highly efficient. Below are the key features: Super easy customization; Ability to integrate with other tools; Supplier data storage management; Transparent process for supplier registration with time lines is beautiful; Supplier registration and de-registration is easy. Easy to use tool and good visual appearance.”
– Assistant Manager,
Services Industry
“Automation – we can chase thousands individuals from a variety of different functions as and when we need to, which includes renewal cycles for various assessments required. The traceability in the system allows us to keep a track of supplier progress and to build plans to further hone our automated workflow processes.”
– Social Accountability Manager,
Global Manufacturing Firm
“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
Aravo Named a Leader in the 2021 Gartner® Magic Quadrant™ for IT Vendor Risk Management Tools
Examining the Software Supply Chain Vulnerability Landscape
Digital Transformation & AI: What It Means for TPRM and Compliance
NIST Key Practice 1: Integrate C-SCRM Across the Organization
