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Aravo to Drive Supplier Enablement, Process Automation and Risk Mitigation
SAN FRANCISCO, Calif., October 27, 2011 – Aravo Solutions, the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B collaboration solutions, today announced that a Fortune 100 high tech manufacturer has selected Aravo SLM to power its global supplier lifecycle management program. The Fortune 100 manufacturer selected Aravo to transform its supply chain systems and processes in order to proactively respond to increasing complexity and risk in their supply chain.
Manufacturers today are faced not only with increasing regulatory compliance pressures, but also with significant and growing risk of costly disruptions given increasingly global, diverse and interconnected supply chains. In order to mitigate these risks, the company sought to deploy a more efficient, comprehensive, automated supplier management system to drive increased visibility into trading partners while promoting proactive supplier management via automated dashboards, metrics-triggered alerts, and mitigation plans.
“New regulations from Conflict Minerals to FCPA were dramatically increasing our supplier risk exposure,” said the Vice President for Compliance. “Working with our procurement organization and business units, we sought a solution that would provide the timely, accurate, validated supplier information required to more proactively manage relationships, allowing us to move from a reactive risk posture to a predictive one.”
With Aravo SLM, the company will simplify new supplier discovery through supplier self-registration and pre-qualification, streamline supplier on-boarding with configured surveys and workflows, and automate all aspects of supplier enablement, data management and reporting. In addition, Aravo’s supplier performance and risk modules will provide insight and scorecards allowing the procurement team to manage by exception and focus on the most critical supplier relationships, thereby minimizing costly disruptions and compliance risk.
“Aravo is the supplier lifecycle management solution leader and we are pleased to be supporting one of the world’s leading high tech manufacturers in their SLM transformation efforts,” said Michael Saracini, CEO of Aravo. “We have a deep understanding of the high cost of supply chain disruptions and the risks associated with regulatory compliance, and have built out industry-specific features and functionality to support enterprise teams focused on these complex, global challenges.”
Aravo SLM is the market’s leading platform for the enablement and management of a broad range of supplier information types feeding multiple enterprise systems, including ERP, SRM, eProcurement and risk management. High tech manufacturers face unique and complex supplier information management challenges, and Aravo has built out industry-specific functionality to meet those needs. Through deploying Aravo SLM, high tech manufacturers are able to distribute responsibility for the creation and maintenance of virtually any supplier information type to their suppliers while retaining strict internal controls, including the ability to validate, approve and integrate data to internal systems regardless of technology or geography. By deploying Aravo, companies not only realize increased savings and ROI from enterprise systems relying on accurate supplier master data, but also ensure compliance with global risk management and performance strategies.
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.