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Leading analyst firm names Aravo as a Challenger in its 2020 evaluation of IT vendor risk management (VRM) tools vendors.
(San Francisco) – August 27, 2020 – Aravo Solutions, a leader in intelligent automation for third-party risk and performance management, is recognized as a Challenger in the August 2020 Magic Quadrant for IT Vendor Risk Management Tools. A provider of third-party solutions to some of the world’s largest global brands since 2000, Aravo is a new entrant in this year’s evaluation, which states “SRM addresses risks associated with companies that provide or manage physical goods and physical infrastructure, while IT VRM addresses risks associated with third parties that access, provide or manage information assets and IT infrastructure, applications, and some business processes.”
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“We’re proud to be included in this year’s IT VRM Tools Magic Quadrant,” said Aravo CEO Michael Saracini. “And we think the Challenger designation is an apt description of our approach to third-party risk management. We believe we’re challenging the market to take a cross-functional, consolidated approach across all risk domains—including IT vendor risk – to ensure regulatory compliance, adherence to ethics, supply chain resilience, operational efficiency, and overall third-party risk mitigation.”
Aravo delivers ready-to-use applications for IT VRM aligned to program maturity, including information security and data privacy. With pre-configured workflows, reports, and dashboards designed to conform to regulatory requirements and IT governance frameworks, these applications can be implemented in a matter of days to deliver quick value. The configurable Aravo Platform allows organizations to easily modify or extend these applications or to configure solutions that meets unique and/or complex requirements.
In addition to IT VRM, Aravo also offers ready-to-use applications for anti-bribery/corruption, financial services risk assessments, and supply chain resilience. Learn more about Aravo and request a demo on the Aravo website.
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Aravo delivers the market’s smartest third-party risk and performance management solutions, powered by intelligent automation.
For more than 20 years now, Aravo’s combination of award-winning technology and unrivaled domain expertise has helped the world’s most respected brands accelerate and optimize their third-party management programs, delivering better business outcomes faster and ensuring the agility to adapt as programs evolve.
With solutions built on technology designed for usability, agility, and scale, even the most complex organizations can keep pace with the high velocity of regulatory change. As a centralized system of record for all data related to third-party risk, Aravo helps organizations achieve a complete view of their third-party ecosystem throughout the lifecycle of the relationship, from intake through off-boarding and all stages in between and across all risk domains.
Aravo is trusted by the world’s leading brands, helping them manage the risk and improve the performance of more than 5 million third parties, suppliers and vendors across the globe.