Report states: “Aravo is the leading SRPM specialist”
San Francisco, Calif. February 27, 2018. Aravo Solutions, the leading provider of cloud-based third party governance, risk, compliance and performance solutions, has been recognized as a leader by independent analyst research firm Forrester Research Inc., in The Forrester Wave™: Supplier Risk And Performance Management Platforms, Q1 2018 report released today.
The Forrester Wave™: Supplier Risk And Performance Management Platforms, Q1 2018 is one of the industry’s most rigorous and influential analyses, and is based on research briefings, live product demonstrations, customer surveys and interviews. Vendors are evaluated on 21 criteria that cover current offering, strategy and market presence. Aravo Solutions was among the 11 select companies that Forrester invited to participate in this evaluation, and was positioned as the top-ranked vendor in the current offering category. Aravo also received the highest scores possible (5/5) in the “Risk Assessment” and “Technology Platform” criteria in the report.
In its vendor profile, the report states that “Aravo is the leading SRPM specialist.”
“Aravo Solutions is honored to be recognized as a leader in The Forrester Wave™: Supplier Risk And Performance Management Platforms, Q1 2018,” said Michael Saracini, Chief Executive Officer, Aravo Solutions. “Aravo has pioneered and evolved this space since 2000, and we think our position as a leader is built on a spirit of collaboration and innovation with our customers. We are driven by a clear purpose to proactively address the evolving risks and regulatory demands our clients are facing, and in doing so, to raise the collective bar of sustainability, resilience and performance across the wider supplier and third party ecosystem.”
Eric Hensley, Chief Technology Officer, Aravo Solutions said he was pleased with Aravo receiving the highest possible score in the ‘Technology Platform’ criterion. “The team have invested a great deal of time and resource into ensuring our technology is flexible, scalable and intuitive, and that it meets the highest security demands of our global customers. As well as delivering cutting-edge innovations, like advanced risk and performance engines and the multi-tier mapping of supplier relationships, we also ensure that we get the foundations important to the success of our clients right, such as usability, integration capabilities, code-free configurability and the ability to scale.”
Dave Rusher, SVP Product Strategy and Strategic Alliances, Aravo Solutions said “that Aravo is noted as ‘the leading SRPM specialist’ by Forrester is, in our opinion, significant, and a testament to the domain expertise that we have distilled from our many years of working with leading global brands. Companies can take a great deal of confidence that, by working with Aravo, they are bringing the definitive combination of technology and best practice into their supplier and third party management programs.”
One of the report’s key takeaways states “The SRPM market is growing because more CPOs see it as a way to address one of their top challenges. The tools help them meet customers’ rising expectations of safety and reliability. They have too many suppliers, and too many risks, to worry about for manual processes to be effective.”
For a full copy of the report, please visit: The Forrester Wave™: Supplier Risk And Performance Management Platforms, Q1 2018
About Aravo Solutions
Aravo Solutions delivers market-leading cloud-based solutions for managing third party governance, risk, compliance and performance. We help companies protect their business value and reputation by managing the risks associated with third parties and suppliers, and to build business value by ensuring that their third party relationships are optimized.
Since 2000, leading global brands across a diverse range of industries have counted on Aravo for their end-to-end enterprise supplier and third party risk management. Aravo has also distilled this experience and best-in-class technology into rapid time-to-value applications that help companies manage a wide range of programs including: anti-bribery and anti-corruption, responsible sourcing, data privacy, information security, GDPR, financial services regulatory compliance and know your third party programs.
Providing unrivaled regulatory agility and ease-of-use, together with actionable executive reporting, Aravo supports a user base of 124,000 corporate users, managing more than 4.3 million third party users in 36 languages and 154 countries. Aravo is headquartered in San Francisco, with offices and partners across the US, Europe and Asia.
Aravo has been recognized with GRC 20/20’s Value Award for Third Party Management for providing measurable value in GRC efficiency, effectiveness and agility, and with the GRC 20/20 Innovation Award for Aravo for GDPR. Aravo was named as a Category Leader with the highest “Completeness of Offering” of any provider in the Chartis RiskTech Quadrant® for Third Party Risk Management Solutions 2017, was named a Challenger in the 2017 Gartner® Magic Quadrant for IT Vendor Risk Management.