Firm to Add Aravo Risk Management to its Existing Aravo SIM Deployment to Reduce Risk from 10,000 Asia-Pacific Based Suppliers
SAN FRANCISCO, Calif., September 30, 2013 – Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) solutions and Supplier Risk Services (SRS), announced today that a leading global management consulting, technology services and outsourcing customer has expanded its use of Aravo Enterprise™. With suppliers located around the world, the customer will use Aravo Risk Management to help it identify, manage and mitigate supply chain risk for over 10,000 suppliers primarily in the Asia-Pacific region.
This company serves clients in more than 120 countries, combining unequaled experience with comprehensive business services capabilities across all industries and functions to help their customers become high-performance businesses and governments. In 2012, they began to deploy Aravo Enterprise™ as a core component of their spending management infrastructure to centralize and automate strategic supplier management processes ranging from global supplier on-boarding and contract document management, to improved supply chain visibility and reduced maverick spending.
Facing increased regulatory requirements, and the uncertainties associated with a complex global supply chain, supply management executives at the company recognized the need to expand their usage of Aravo through implementing a flexible, best practice supplier risk management solution. With dedicated risk data collection surveys, integration with third party information sources, and a configurable risk framework that includes easy to use dashboards, alerts and workflow-managed mitigation processes, Aravo Risk Management will allow them to effectively manage and anticipate supply chain risk. The result will be significant reductions in the number and cost of supplier disruptions, as well as lower brand risk from unanticipated supplier actions.
“We are seeing rapid growth in the number of prospects and customers who are concerned with the risks to their business presented by suppliers and third parties,” said Allen Thompson, VP-Sales, Aravo. “Successful global supplier management programs must move beyond simple on-boarding processes to address the challenges posed by complex supply chains in the areas of risk, compliance and performance.”
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.
