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Aravo to Power Best-in-Class Third Party Registration & Qualification Application
SAN FRANCISCO, Calif., March 2, 2015 – Aravo Solutions, Inc., the leading provider of cloud-based Third Party Risk & Compliance solutions, announced today the signing of an agreement with a $1.6 billion US-based office furniture manufacturer to power their supplier governance and responsible sourcing program.
Aravo’s latest customer manufactures furnishings that are sold globally and used throughout the world’s workplaces. The firm has ranked as one of Fortune Magazine’s “Most Admired Companies” for the past 18 consecutive years, is publicly traded, and maintains manufacturing facilities in the United States, Italy, China, and the United Kingdom. They sell through both direct and indirect distribution channels to customers in over 100 countries. The company is widely recognized as an innovator in modern furniture design for the workplace.
Aravo’s Third Party Registration & Qualification Application was selected over competitive offerings due to its extensive library of pre-built registration and qualification content, workflows, and communication templates. In addition, a primary requirement was the ability to codify third party registration, risk, and compliance best practices content into a streamlined, easy to deploy application, while offering a unique brandable environment. The new deployment will be provisioned in a matter of weeks versus more traditional third party management software deployments which often take months or even years.
“We are excited to bring aboard another Aravo Registration & Qualification Application customer” said David Rusher, Vice President of Product Strategy at Aravo. “Aravo’s product team has worked diligently to bring to market content-rich applications that deliver rapid time to value. Ease of implementation and time to value are unique differentiators for Aravo and this latest customer win further underscores our market leadership.”
Aravo provides the market’s leading third party risk management and regulatory compliance solution. Aravo launched its cloud-based platform in 2004 and continues to serve as the industry’s leading innovator today. Our market-leading third party risk and compliance solutions include Registration and Qualification, Anti-Bribery / Anti-Corruption, Responsible Sourcing, and Data Privacy / Data Security. The world’s best-run businesses utilize Aravo’s platform, including General Electric, Accenture, Salesforce.com, Cisco Systems, Procter & Gamble, Unilever, and DuPont. Aravo currently supports a user base of over 50,000 buyers managing 2.7 million third parties in 38 languages and 112 countries. Aravo is headquartered in San Francisco, with offices in Chicago, Dallas, Portland, Monterrey, Mexico and Ahmedabad, India.