Company Rolls Out First Phase of Global Supplier Lifecycle Management Solution
SAN FRANCISCO, Calif., December 23, 2013 – Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) solutions and Supplier Risk Services (SRS), announced today that its chemicals manufacturing customer has successfully rolled out the first phase of its Aravo Enterprise™ deployment powering its global supplier portal. With Aravo, they have begun to drive down the cost of managing global supplier relationships through process automation.
Operating in approximately 90 countries, Aravo’s customer 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 are deploying Aravo as a key component of their supplier collaboration, visibility and compliance strategy. Using Aravo’s robust role and process-based management perspectives, users have instant access to key supplier information, with the ability to easily drill into specific supplier alerts, workflow tasks or compliance status. As a result of automated surveys and workflows, the company’s procurement team is no longer faced with manual on-boarding and supplier compliance tasks, and can spend more time focusing on strategic supplier relationships.
Aravo’s customer will be rolling the solution out to their internal supplier management team and to suppliers alike. Before using Aravo, they found it increasingly difficult to access timely accurate supplier compliance and profile information. Costly manual processes and systems were difficult for users to manage, and offered limited visibility into key supplier credentials and performance information. With Aravo, they are more efficient and now have time to focus on more strategic supplier relationship issues.
“Aravo’s professional services team has worked closely with their team to configure a solution that combines Aravo’s best practices with the customer’s unique business requirements,” said David Rusher, Vice President, Products & Services, at Aravo. “Our valued customer now has the foundation for a single source of truth for supplier information powered by an intuitive, easy to use supplier portal and role-based user perspectives.”
In the future, Aravo’s customer intends to expand the use of Aravo as its global supplier management solution throughout other regions to collect supplier history, profile information, diversity data, audit reports, supplier certificates, due diligence information and performance data. Regardless of their locale, users will be able to dynamically view and manage supplier information in their local language.
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.
