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ABAC Compliance

A cloud-based application that allows you to stand up a best-practice program with an established track record of success in helping some of the world’s most respected brands guard against corruption in their complex third-party networks

Protect your brand and bottom line by ensuring your third parties are in compliance with anti-bribery and anti-corruption (ABAC) policies.

Aravo has an established track record of success in helping some of the world’s most respected brands guard against corruption in their complex third-party networks. This experience has been distilled into our pre-defined ABAC solution, which includes a proprietary best practice questionnaire built on guidance from the FCPA, UK Bribery Act, the Organisation for Economic Co-operation and Development (OECD), and ISO 37001.

Aravo for ABAC Compliance is a cloud-based application that allows you to stand up a best-practice program quickly and with confidence.

Automate every step of your anti-bribery and corruption program.

Third-Party Risk Management - GRC Software Features Screenshot
Centralize all of your third parties and their engagements
  • Proactively screen third parties for embargoed or sanctioned status against consolidated lists.
  • Establish a secure system of record for identifying risk segments.
  • Identify third parties that require additional screening to assess their level of ABAC risk.
Understand and manage ABAC risk in your third-party network
  • Collect data and documentation in accordance with best practice guidance from the OECD, FCPA, UK Bribery Act, and ISO 37001.
  • Dynamically scope assessments based on third-party responses.
  • Determine beneficial ownership, association with government officials, and other factors associated with third-party ABAC risk.
Establish processes that reflect ethical business behaviors
  • Help to ensure that all internal policies and processes are followed with automated workflows.
  • Embed training so that users understand policy and procedure and why it is important.
  • Reinforce accountability with clear explanations of responsibilities associated with attestation.
Continuously monitor ABAC risk profile
  • Alert users to changes in risk profile such as ownership changes or negative publicity.
  • Ensure SLAs and KPIs are monitored and met.
  • Initiate action plans for remediation, including cross functional teams and the third party in the issue resolution process.
Report and monitor with complete visibility
  • Real-time reporting and analytics.
  • Role-based, ABAC-specific dashboards that allow you to dynamically drill into any detail.
  • Full audit trail across the entire third-party risk management process.
Integrate into your wider ecosystem
  • Able to integrate into your internal business systems including ERP, AP, GRC, and ERM systems.
  • Able to integrate with a broad range of content partners for validation, enhanced due-diligence, and continuous monitoring processes.
  • Extend to include additional risk domains or organization-specific ABAC practices.

Market-Leading
Software from Aravo

Aravo has the market’s most comprehensive set of capabilities for managing third-party, vendor, and supplier risk and performance

A LEADER

Logo - The 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools

Aravo Named a Leader in the 2021 Gartner® Magic Quadrant™ for IT Vendor Risk Management Tools

A LEADER

Logo - The Forrester Wave™: Supplier Risk and Performance Management Platforms, Q3 2020

The Forrester Wave™: Supplier Risk and Performance Management Platforms, Q3 2020

A LEADER

Logo - Chartis RiskTech Quadrant® for Third-Party Risk Management Systems 2019

Chartis RiskTech Quadrant® for Third-Party Risk Management Systems 2021

Customer Insights

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A highly customizable and versatile system

“Aravo is an excellent tool for managing end to end processes, with tailored workflows, emails and chase cycles built in to the automated system capability. Aravo’s strength for me lies in its traceability and high level of automation. Aravo is a highly customizable and versatile system.”

– Social Accountability Manager, Global Manufacturing Firm

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Best fit for our requirements

“Best fit for our requirements, transparent and capability to handle greater volume of requests with ease. [The] Aravo technical team is very professional and supportive.”

– Process Lead,
Financial Services Firm

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Meets our complex, global needs for screening third parties for 3 risk areas

“The Aravo solution delivered meets our complex, global needs for screening third parties for 3 risk areas, collecting and validating supplier information required to support out procure to pay transactional processes and integrating that information with our SAP ERP system.”

– Financial Services & Solutions Associate Director, Manufacturing Firm

Your Program

Benefits

With Aravo for ABAC Compliance, you demonstrate a commitment to ethical business practice throughout your third-party supply chain. Benefits include:

Demonstrate Compliance

Real-time reporting and complete auditability mean you can demonstrate compliance to the board, senior management, auditors, and examiners.

Apply a Risk-Based Approach to Due Diligence

Assess and understand your ABAC exposure and apply mitigation measures with resources commensurate with the level of risk.

Provide End-to-End Vigilance and Visibility

Manage bribery and corruption risk throughout the relationship lifecycle and be alerted if the relationship or risk profiles change.

Future-Proof Solution

Easily extend and adapt as business conditions, policies, and regulations evolve.

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What we do

Aravo delivers award-winning, market-leading cloud-based solutions for managing third party governance, risk, compliance, and performance.
Third-Party Risk and Performance Management Supplier Risk and Performance Management Vendor Risk Management Contractor Risk Management
Our Expertise
Expertise
Who We Help
Customers

Ready to get started?

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