Aravo to provide a single source of truth for all supplier profile and compliance information
SAN FRANCISCO, CA, June 11, 2013 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) solutions and Supplier Risk Services, announced today that a global leader in science and engineering products has selected Aravo Enterprise™ to power its global supplier portal and provide a single source of truth for all enterprise supplier information and compliance data. Using Aravo’s industry-leading SLM technology, the company will dramatically improve supplier compliance visibility and tracking, while driving down the cost of managing global supplier relationships through process automation and seamless integration with other enterprise systems.
Operating in approximately 90 countries, the company offers a wide range of innovative products and services for markets including agriculture, nutrition, electronics, communications, safety and protection, home and construction, transportation and apparel. They will deploy Aravo as the centerpiece of their supplier collaboration, visibility and compliance strategy as a portal and repository for supplier safety criteria, diversity status and certificates, non-conformance reports, and detailed profile information. Using Aravo’s robust role and process-based management dashboards, the company’s users will have instant access to key supplier information, with the ability to easily drill into specific supplier alerts, workflow tasks or compliance status.
Faced with multiple enterprise transaction systems and an inadequate legacy supplier management solution, the company found it increasingly difficult to access timely accurate supplier compliance and profile information. Supplier collaboration relied upon costly manual processes and systems that were difficult for users to manage, and offered limited visibility into key supplier credentials and performance information. With accelerating growth across its business units and geographies, the company realized it must address these issues with an integrated supplier management system.
Using Aravo Enterprise™, the company will deploy a supplier self-service portal to automate all aspects of supplier enablement and compliance data collection. Users will have easy to use role-based dashboards with end to end supply chain visibility to help them quickly identify supplier performance, risk and compliance issues/opportunities. As a result, the company’s procurement team will be able to spend less effort on manual on-boarding and supplier compliance tasks, and more time focusing on strategic supplier relationships.
“We are pleased to welcome another industry-leading Aravo Enterprise™ customer”, said Michael Saracini, CEO of Aravo. “Aravo’s deep industry experience and best practice examples will help them realize fast time to value, while improving the ROI of their existing spend management and compliance systems.”
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.