SAN FRANCISCO, Calif., February 19, 2016 – Aravo Solutions, the only platform that can support the complex third party risk and compliance demands of Global 2000 organizations, announced today that a leading global consumer packaged goods company has renewed its commitment to using Aravo to ensure third party data privacy and protection for its registration, qualification, and on-boarding initiatives. For this international market leader, Aravo is implementing a comprehensive third party management program addressing Anti-Bribery and Anti-Corruption, Data Privacy, and Information Security. The solution, which was originally deployed within 5 months, replaces a labor-intensive manual data collection process, which the company adopted after abandoning another software-based Governance, Risk, and Compliance (GRC) solution.
Aravo’s unique combination of process automation, integration with independent data sources, and rapid localization capabilities enable this company to support more than 100,000 third parties across all its lines of business. Aravo’s customer employs over 110,000 employees and sells more than 66 brands in North America, Latin America, Europe, the Middle East, Africa, Asia, Australia and New Zealand.
“We are pleased that one of the top consumer brands in the world has again chosen Aravo for managing its global third party compliance programs,” said Aravo Solutions CEO, Michael Saracini.”
“For multi-national companies of this scale, managing dozens of brands and operating in hundreds of countries, the challenge of third party compliance can be daunting,” Saracini added. “What seems like a minor inefficiency, such as a local office relying on spreadsheets and email for third party screening, quickly multiplies to become a serious company-wide obstacle to visibility, manageability, and compliance. Aravo makes it easy for our customers to onboard and monitor third parties around the world. Even for large and complex multi-nationals, Aravo’s highly scalable, cloud-based solution provides a single view of the truth, enabling business leaders and compliance teams to manage programs effectively and support their goals for corporate conduct and social justice.”
Aravo’s employees are dedicated to making the world more ethical by eliminating corporate corruption and social injustice. Aravo manages complex third party Governance Risk and Compliance (GRC) programs for the industry leaders in pharmaceuticals, oil & gas, financial services, consumer packaged goods, retail, aerospace & defense, technology, mining, automotive and manufacturing. Accenture, BAE Systems, Cisco Systems, GE, Lloyds Bank, Pfizer, P&G, Unilever, and Visa, among others, count on Aravo’s market-leading cloud-based solution to achieve global continuous insight into third party risk and compliance. Applying technical innovation and deep domain expertise, Aravo’s market-leading SaaS platform delivers unrivaled configurability, regulatory agility, ease-of-use, high performance and scalability. Aravo currently supports a user base of 65,000 corporate users managing 3.1 million third parties in 33 languages and 112 countries. Aravo is headquartered in San Francisco, with offices and partners across the US, Europe and Asia.