Aravo to Support Global Procurement Transformation to Reduce Complexity and Lower Operating Costs
SAN FRANCISCO, Calif., November 29, 2011 – Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, announced today that a European-based Global 200 healthcare solutions company, has selected Aravo to enable their world-wide procurement transformation initiative. The selection was the result of an exhaustive analysis of the market during which the company evaluated several vendors to help it with new supplier discovery, supplier enablement, and supplier risk management. Using Aravo’s Supplier Lifecycle Management (SLM) solutions, Aravo’s customer will improve supplier information enterprise-wide, lowering operating costs, reducing supply chain risk and ensuring regulatory compliance across its global supply base.
The company offers a diversified portfolio of products delivering innovative pharmaceuticals, consumer health products, preventive vaccines and diagnostic tools. With divisions in dozens of countries around the world, a large part of their growth has come through acquisition. In response to the resulting supply chain complexity, the company has begun an enterprise-wide supplier lifecycle management initiative that will positively impact their collaborative relationships with vendors and ultimately improve customer satisfaction.
“Having a single global repository of accurate, timely and complete supplier information is a critical element of our overall procurement strategy,” said a senior executive at the company. “By partnering with Aravo, we will be able to qualify and onboard suppliers quickly and efficiently as well as manage through a consistent global process. In addition, this will allow us to effectively manage supplier performance, supplier-related risk and ensure compliance to protect our business, our brand, and our consumers.”
Using Aravo SLM, the company will automate and streamline key supplier management processes providing a single source of truth for supplier information that will be seamlessly integrated with other enterprise systems. In addition, leveraging Aravo’s industry-leading supplier risk and performance management capabilities, the company will establish lower-cost, higher-quality supplier risk and compliance practices with automated activity reporting, and consistent and repeatable assessment processes.
“This Global 200 healthcare solutions company joins a long list of industry innovators and leaders in Aravo’s customer base,” said Michael Saracini, CEO of Aravo. “At Aravo, we take our commitment to our customers’ success very seriously. With a focus on rapid time to value, best-in-class technology and world-class customer service, I know that Aravo will help our newest healthcare and life sciences customer achieve its global procurement transformation objectives.”
About Aravo
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.
