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Third-Party Risk Management and Compliance Requirements for Manufacturing Companies

Bottlenecks in third-party onboarding and management can be as costly as production bottlenecks. Delays in obtaining and validating third-party financial and insurance verifications and health and safety environmental and quality (HSEQ) documentation can impact productivity. Regulators are also reviewing third-party onboarding and assessment processes for compliance with responsible sourcing, anti-bribery and corruption regulations like FCPA or UK Bribery Act, and other requirements that can result in heavy financial and reputational losses.

Customer Success

General Electric uses Aravo to manage its third-party relationships – a complex, multi-tier third-party supply chain encompassing hundreds of thousands of organizations. Aravo enables GE and other manufacturers to comply with all relevant third-party regulations, including those related to Human Rights, Health & Safety, Environment, and Ethics. Key advantages of the Aravo solution include its highly flexible architecture, enabling changes to be made quickly and applied through entire areas of the platform, and foreign language support.

Using Aravo, GE achieves “a single version of the truth” regarding its third parties and their status with regulatory compliance.

Every one of our entities needs a strong vendor management and vendor compliance solution. We are confident that the ROI is not just positive, but it’s massively positive.

GE Global Procurement

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What We Do

Aravo delivers award-winning, market-leading cloud-based solutions for managing third-party governance, risk, compliance, and performance.
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