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Supplier Performance Risk Management Software

A cloud-based supplier performance risk management solution that allows you to collect, track, and manage quantitative and qualitative performance metrics.

Ensure your third-party suppliers are delivering value with our supplier risk and performance management software solutions

As one of the leading companies in supplier performance risk management platforms, Aravo’s cloud-based solution allows you to understand, monitor, and manage the performance standards of your third-party suppliers.

Collect, track, and manage the quantitative and qualitative performance metrics of your suppliers to capture the strategic advantages of efficiency, cost savings, quality, and innovation that their engagements should bring to your organization.

Automate every step of your supplier performance management program

Third-Party Risk Management - GRC Software Features Screenshot
Collect targeted performance metrics and related information from internal managers and third parties
  • Score third parties across a range of targeted metrics and define how scores are to be weighted and rolled up into a total performance score.
  • Identify internal relationship managers and suppliers to participate in the performance management process and drive the collection of required performance information.
Receive proactive alerts when remediation is required
  • Configure alerts tied to specific performance conditions and thresholds.
  • Use performance dashboards to highlight suppliers that require remediation.
  • Automatically trigger corrective actions based upon the performance criteria.
Collaborate, remediate, and innovate with suppliers
  • Use performance scorecards to collaborate with suppliers and raise the bar of performance and enhance strategic relationships.
  • Proactively collaborate with suppliers on innovation initiatives such as joint product development, packaging development, and new markets for revenue growth.

Leading Third-Party Risk Management Solutions from Aravo

Aravo’s Intelligence-First™ platform combines AI, broad risk intelligence, and end-to-end lifecycle management to give TPRM teams unmatched visibility, agility, and control across third-party ecosystems.

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Aravo Named a Leader in the Gartner® Magic Quandrant™ for IT Vendor Risk Management Tools

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The Forrester Wave™ Supplier Risk and Performance Management Platforms

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Chartis Risk Tech Quadrant® Category Leader for Third-Party Risk Management Solutions

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Customer Insights

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An excellent product and user-friendly UI

“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

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A must have product

“Simple and intuitive product with some good features to make it [a] must have product. Experienced experts to deliver a solution configured to our needs and delivery on time.”

– Analyst,
Manufacturing Industry

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ROI is not just positive, it’s massively positive

“Aravo provides GE with a globally accessible application for the management of critical information around our supply base and allows us to syndicate the information to our various purchasing, payables and other systems so that we can have one coordinated view of all supplier activity and commitments. We are confident that the ROI is not just positive, but it’s massively positive.”

– Corporate Initiatives Group,
GE Global Procurement

Your Program

Benefits

With Aravo’s supplier performance risk management and monitoring application system, you get better strategic results with from enhanced supplier relationships. Benefits include:

Reduce third-party and supplier costs

Deliver better business results by optimizing performance and eliminating poor performers.

Strengthen supplier relationships

Enhance collaboration and transparency with better performance visibility and communication.

Capture and act on innovation

Benefit from joint initiatives that will drive business value.

Apply best practice and a holistic approach

Ensure performance is accounted for in your third-party management programs

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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 Contracts Management Contractor Risk Management