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Market’s Dominant SIM Solution Adding over 12,000 Suppliers per Month
SAN FRANCISCO, CA, December 16, 2010 – Aravo, the leading provider of on-demand Supplier Information Management (SIM) software and services for Supplier Lifecycle Management (SLM), today announced it has surpassed the 1.5 million active suppliers mark using its flagship SIM solution.
Aravo launched the market’s first SIM solution in 2004 and has been the leading innovator in the space ever since. With global customers including GE and Cisco Systems, Aravo continues to dominate the worldwide market for SIM and SLM solutions. By transforming their process and technology landscape using Aravo’s technology, clients reduce supplier management costs by up to 72%, avoid supply chain disruptions by proactively managing supplier risk, and accelerate time-to-market through optimized supplier discovery and performance management.
“This is an important milestone both for Aravo and for our industry at large,” said Tim Albinson, Aravo CEO. “With over 1.5 million active supplier users, Aravo is by far the largest single repository of supplier information in the industry. We continue to add thousands of suppliers each week, and will be releasing new and exciting products in the coming quarters to continue our tradition of innovation and SIM market leadership.”
While many sourcing and procurement technologies focus primarily on driving benefits to large buying organizations, Aravo considers both the buyer and supplier perspectives. In Aravo’s core SIM,Risk, Performance and Compliance applications suppliers are provided with a free, easy-to-use, single point of access to interact with buying organizations where they can upload and maintain key profile data, business credentials, compliance information, and data on health/risk mitigation practices. Aravo’s technology then delivers the supplier’s data to the systems of record across the buyer customer’s global IT system landscape on their behalf, dramatically reducing the supplier’s administrative and support costs. Suppliers can also use Aravo to pre-register to do business with potential new customers and retain tighter control over online profile data, resulting in new relationships and revenue.
“Supplier Lifecycle Management and SIM are emerging as central priorities for sourcing and procurement professionals across an increasing range of companies, as well as for suppliers themselves,” says Jason Busch, Managing Director, Azul Partners. “Aravo’s strong growth in supplier users is a direct result of companies working more aggressively to manage risk and simplify information exchange and intersecting business processes on both sides of the relationship equation.”
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.