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Aravo supports the Pharmaceutical & Life Sciences Industry

Pharmaceutical & Life Sciences

Pharmaceutical, life sciences, and biotech firms manage thousands of third parties around the globe, as well as complex, long-term projects. These organizations must ensure third parties comply with a range of regulations including ABAC laws, controls for drug trials and pharmacovigilance, privacy, and more.

Third-Party Risk Management and Compliance Solutions for the Pharmaceutical and Life Sciences Industry

With increasing geographical expansion, pharmaceutical and life sciences organizations must often rely on third-party intermediaries for promotional and non-promotional activities. Regulations such as the US Foreign Corrupt Practices Act and UK Bribery Act have made it clear that outsourcing an activity doesn’t transfer responsibility for ensuring compliance. Simultaneously, governments and associations are enacting or revising other regulations and standards that cover a multitude of risk domains, from consent and data privacy to supply chain. In a world of long product cycles, pharmaceutical and life sciences are under pressure to bring products to market while efficiently navigating these compliance pressures.

Aravo Third-Party Risk Management

Aravo’s cloud-based application is designed to help pharmaceutical and life sciences firms manage third-party relationships in accordance with increased and expansive regulatory expectation.

Customer Success

Three of the five largest pharmaceutical companies in the world, work with Aravo to manage, track, and mitigate third-party risk. One of those pharmaceutical giants reported they were able to reduce third-party onboarding time by more than 90% by using Aravo to manage 40,000 third parties in 100 countries and 33 languages.

Pharmaceutical & Life Sciences - Third-Party Risk Management

Third-Party Risk
Management

Customer Insights

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Excellent features and great support

“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

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A highly customizable and versatile 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

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Aravo is a great company with a great product which has served us well

“We have used Aravo for eight years now, and it has been a backbone of our supplier information and compliance processes. Aravo themselves are excellent to work with and have been highly supportive and understanding of our business goals.”

– Lead IT SME,
Program and Portfolio Management,
Manufacturing Company

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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.
Third-Party Risk and Performance Management Supplier Risk and Performance Management Vendor Risk Management Contractor Risk Management
Our Expertise
Expertise
Who We Help
Customers

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