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Partnership Combines Leading Sourcing, Contract, Analytics and Supplier Lifecycle Management Offerings for Best-In-Class Spend Management
INDIANAPOLIS, SAN FRANCISCO, CA, May 30, 2013 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) solutions and services, and IASTA, a trusted provider of strategic sourcing and spend management solutions, announced today that they have entered into a partnership to jointly deliver best-in-class sourcing and vendor management (SVM). Through this partnership, companies can manage the entire end-to-end supplier lifecycle as part of their mission-critical supply processes including sourcing, contracting, enablement, performance, risk and compliance management, and analytics.
The addition of IASTA’s award-winning spend analytics and sourcing management solutions to Aravo’s comprehensive SLM solution footprint will close the loop on end-to-end supplier management processes. With IASTA, Aravo Spend Visibility will collect, cleanse, classify and analyze large amounts of spend data from across a client’s entire organization. As a result, Aravo’s customers can leverage accurate spend analysis and management to dramatically boost the bottom line, improve supplier performance, and mitigate supply chain risk.
Aravo will provide robust SLM and Supplier Risk Services capabilities to IASTA, reducing customers’ sourcing and supplier validation cycle times, speeding time to market for new products, driving competitive advantage, and lowering the cost of managing supplier and third party intermediary management costs. With the integration of Aravo’s validated supplier information and risk and compliance management insights into the IASTA SmartAnalytics suite, customers will achieve 360-degree spend visibility to track and optimize supplier risk and performance.
The combined offering represents the industry’s most complete solution for managing strategic supply, contract management, executive analytics and supplier lifecycle management processes and services across the extended enterprise.
“Sourcing organizations have matured, and sourcing and vendor management’s integration with internal and external stakeholders will be the key to delivering value going forward,” stated Lutz Peichert, Vice President, Principal Analyst, and Mark Grannan, Researcher at Forrester Research, Inc. in “The Forrester Wave™: SVM Tool Set, Q1 2013”, February 25, 2013. “Forrester believes that sourcing and vendor management (SVM) professionals must not only focus on the features and functionality of individual tools but also on the integration and workflow across the tools that support SVM processes, as these can uncover SVM’s untapped potential.”
“This is an exciting relationship for IASTA,” said David Bush, IASTA CEO. “As the leader in sourcing and spend analytics solutions, we understand the critical need for effective supplier management, and supply chain risk and compliance solutions and services. Aravo provides those capabilities, and allows us to continue leading our industry by delivering the most comprehensive suite of solutions and services in the market today.”
Aravo pioneered the Supplier Lifecycle Management (SLM) market, and continues to be the leading innovator in the space. Managing over 2 million supplier relationships for its Global 2000 customers, Aravo combines best-practice tools and methodologies with the industry’s most robust database of supplier information to optimize key supplier lifecycle processes including enablement, compliance, risk, performance and supplier validation services. Integration with Iasta’s sourcing and spend management solutions will allow Aravo customers to benefit from the industry’s most comprehensive sourcing and vendor management offering.
“Our partnership with IASTA rounds out Aravo’s ability to deliver a complete set of end-to-end SVM solutions and services to our customers,” said Michael Saracini, Aravo CEO. “No other SVM offering available delivers the combination of domain experience, features and business process best practices that Aravo and IASTA bring to the table.”
The world’s best-run businesses utilize Aravo’s Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others. For more information regarding Aravo’s award-winning solutions please visit our website at https://aravo.com.