Partnership Combines Leading Supply Management Offerings
SAN FRANCISCO, Calif., May 18, 2011 – Aravo Solutions Inc., the leading provider of on-demand software and services for Supplier Lifecycle Management (SLM), has announced a new partnership with Coupa, the leading provider of Cloud Spend Management (CSM) solutions, to integrate and co-market their solutions. As a result, companies will have the ability to directly manage the entire end-to-end supplier lifecycle as part of their mission-critical spend management processes, including eProcurement, expense management, supplier enablement, and compliance and risk management.
Beginning with support for Coupa’s industry-leading CSM solutions, Aravo will provide robust new supplier self-service enablement capabilities, reducing on-boarding cycle times, lowering supplier management costs, and speeding time to value. Further, through the integration of Aravo’s world-class supplier risk and compliance management products, Coupa customers will gain deep, 360-degree visibility using best-in-class dashboards, KPIs and templates to track supplier risk and regulatory compliance. The combined offering represents the industry’s only complete solution for managing end to end spend and supplier lifecycle management processes across the extended enterprise.
Coupa empowers organizations to spend smarter and save money through broad adoption and use of innovative, easy to use, fast to implement and cost-effective CSM applications. Coupa’s products provide a single solution for managing all indirect purchases and employee expenses in the cloud. With the addition of Aravo’s supplier lifecycle and information management solutions, customers can now dramatically improve supplier enablement and compliance processes, turning global supply chain risk management into competitive advantage.
“Supplier Lifecycle Management has become a key element in driving value from spend management solutions,” said Michael Saracini, Aravo’s CEO. “We believe that the combination of Coupa’s best-in-class eProcurement and expense management offering with our industry-leading SLM suite provides an undeniable value proposition to customers, regardless of size, industry or geography.”
Aravo provides global B2B information and collaboration, allowing buyers and sellers to exchange critical business information in real-time to generate new business opportunities, improve operating efficiencies, mitigate supply chain risk, ensure regulatory compliance and support corporate social responsibility. As the pioneer of the Supplier Lifecycle Management market, Aravo manages over 1.5 million supplier relationships for its Global 2000 customers, combining best-practice tools and methodologies with the industry’s most robust database of supplier information to optimize key supplier lifecycle processes. Integration with Coupa’s CSM solutions will allow Aravo customers to benefit from the industry’s most comprehensive suite of supply management solutions. The combined offering will deliver a single view into critical supplier and spend related information while significantly reducing supplier management costs and ensuring the realization of procurement and expense management objectives.
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.