Pharmaceutical & Life Sciences

Our TPRM Solutions for the Pharmaceutical and Life Sciences Industry

Aravo’s cloud-based solution is designed to help pharmaceutical and life sciences firms manage third-party relationships in accordance with increased and expansive regulatory expectations. Our products are designed to help pharmaceutical companies modernize and mature their third-party risk programs that extends across their supplier networks, and demonstrable a commitment to ethical, compliant, and defensible supply chains.

• TPRM Platform: Aravo’s comprehensive third-party management platform helps pharmaceutical companies effectively manage their tens of thousands of third parties in a scalable, automated way. Enhanced risk mitigation workflows, performance management, and risk intelligence functionality give assurance that risks are managed proactively.
  
  
• Supply Chain Resilience & Management: Pharma organizations rely on logistics and supply chains to deliver life-saving technologies, and any disruptions can be life threatening. Aravo for Supply Chain Resilience alerts companies to potential issues, and manage response, whether that’s mitigation or identification of alternative suppliers. This allows pharma organizations to respond faster, and potentially avoid disruptions that would impact business operations.
  
  
• ESG: Scrutiny of pharmaceutical supply chains is escalating, and organizations must enact ethical, responsible, and environmentally-friendly behaviors and processes. Aravo for ESG 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.

• ABAC: Eliminating unethical practices from the extended enterprise is critical when pharma organizations manage a huge network of suppliers. Aravo has an established track record of success in helping some of the world’s most respected pharmaceutical brands guard against corruption in their complex third-party networks. This experience has been distilled into our pre-defined ABAC solution, which includes a proprietary best practice questionnaire built on guidance from the FCPA and others.
  
  
• Cyber: As third party-related cyber breaches rise across all industries, pharmaceutical organizations are faced with increased vulnerability when managing their supplier networks. Aravo’s IT Vendor Risk Management solution allows you to understand, manage, and mitigate the cyber risks posed by third-parties and vendors that provide IT infrastructure and services.
  
  
• Strategic Alignment Framework™: A best practices-based methodology that adapts to an organization’s TPRM initiative, delivering a charter to help pharma companies meet their specific goals.