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New Offering to Deliver Best-Practice Supplier Validation and Compliance Services to Reduce the Cost of Supply Chain Risk for Global Enterprises
SAN FRANCISCO, CA, April 30, 2013 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) solutions and services, announced today the availability of Aravo Assure™ –Supplier Risk Services (SRS). Aravo SRS is a new best-practice supplier validation services offering to help enterprises dramatically reduce supply chain and brand risk, lower the cost of managing supplier relationships, increase the quality and reliability of supplier data across the enterprise, and ensure regulatory and policy compliance globally.
Aravo, already the world leader in supplier lifecycle management systems for the Global 2000, will use Aravo SRS to provide an end-to-end solution for supplier validation and compliance to its customers across industries. Aravo’s risk services professionals will combine their expert understanding of procurement processes, regulatory environments and the unique requirements of customers’ industries, to collect, validate, certify and audit critical supplier and third party intermediary information from banking data to regulatory due diligence and credentials.
“Companies need a single source of validated, audited truth about their global suppliers,” said Michael Saracini, CEO at Aravo. “Our new services offering fills a crucial market need for supplier validation to provide that truth and deliver it to the enterprise in a certified common repository with high quality and low incremental cost.”
Using Aravo SLM’s best practice supplier registration and workflow templates, the Aravo services team will assess and prioritize suppliers to identify those that are most at-risk and perform deep pre-qualification validation of capabilities, attestations, certifications, and regulatory compliance including onsite audits where necessary. Aravo Risk Management and Qualifications & Compliance solutions will provide the best-in-class scoring, reporting and dashboard tools to ensure comprehensive ongoing supplier management and provide rapid supplier risk alerts and implementation of mitigation processes.
Aravo Supplier Risk Services, combined with Aravo SLM, will provide buyers with a 360 degree view of their entire supply base while outsourcing complex, time-consuming and expensive validation tasks to Aravo. Suppliers will benefit from a clear set of standards for buyer engagement, valuable third party validation of their credentials and capabilities, and Aravo Certified status as a competitive advantage in the marketplace.
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.