SAN FRANCISCO, Calif., March 31, 2016 – Aravo Solutions, the only platform that can support the complex third party risk and compliance demands of the Global 2000, announced today that a leading medical device company has chosen the Aravo Enterprise platform for managing global third party risk management and compliance. Aravo’s new customer is a leading multinational developer, manufacturer, and marketer of innovative, life-enhancing medical technologies in the fields of vascular, urology, oncology, and surgical specialty products. The company markets its products and services worldwide to hospitals, individual health care professionals, extended care facilities, and alternate site facilities.
The company is adopting the Aravo Enterprise platform for global due diligence for third parties and compliance with anti-bribery and anti-corruption (ABAC) regulations such as the U.S. Foreign Corrupt Practices Act (FCPA) and the UK Bribery Act. To support the company’s international operations, the Aravo solution will be deployed in at least 10 languages and integrated with the company’s J.D. Edwards ERP system. Before adopting Aravo, the company had been relying on a 10-step manual process to collect and analyze third party data. The Aravo platform will automate this process end-to-end, increasing operational efficiency while providing the company with a “single source of truth” regarding the status of its third parties.
Applying technical innovation and deep domain expertise, the Aravo Enterprise platform delivers unrivaled configurability, regulatory agility, ease-of-use, high performance and scalability. Aravo makes it easy for multinational companies to collect information from third parties quickly and easily, centralize that information for analysis, and receive automatic alerts when regulations changes or when newsworthy events affect related third parties.
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.