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Third-Party Information Security Risk Management

Ensure your third parties align to your information security data, privacy, and network security requirements  

Third-Party Risk Management approach that ensures you can protect your Information and Cyber Security.

Aravo’s Information Security Application is designed to enable businesses to accelerate their third-party onboarding and improve the accuracy of their risk assessments. Built to simplify the evaluation of third-party information security practices and alignment to your own security protocols, controls, and management processes, the Aravo Information Security Application delivers assurances for security and regulatory compliance, business continuity, and organizational resiliency.   

Aravo Information Security customers can better understand, manage, and mitigate physical, digital, cyber, and network security risks potentially posed by third parties, particularly those that provide IT services, access or process customer or employee data, or are deeply integrated into organizational data systems, software, or networks.

Ensure your extended enterprise complies with best practices, standards, frameworks, and certifications and protect your brand and reputation with an Information Security application designed to streamline third-party surveys, data scoring, and insight revelation to ensure smart decision making. With Aravo you can scope, distribute, track, and score assessments, capture compliance and other supporting documentation, and pursue mitigation efforts through issue and corrective action management to help you decide on how or when to accept, reject, or share the associated risks of doing business with a third party.

Aravo For Information Security in Action

Third-Party Risk Management - GRC Software Features Screenshot
Understand and mitigate IT security risks associated with third parties
  • Dynamically scope your Information Security risk assessments for each relationship based on the nature of the engagement and third party’s inherent risk profile
  • Centralize your third-party Information Security data for streamlined assessment and risk qualification
  • Automatically identify relationships with Information Security risks and trigger corrective action as needed
Stand up a best-practice program quickly and confidently
  • Deliver topic and standard-specific questionnaires that accelerate completion, evaluation, mitigation, and third-party onboarding
  • Continuously re-evaluate third-party alignment with your Information Security standards and expectations to ensure uninterrupted compliance
  • Leverage your Information Security risk assessments to enable proactive engagement with third parties and ensure long term compliance, program alignment, and continuous improvement
Increase third-party onboarding efficiency
  • Standardize processes for collecting firmographic and initial risk assessments to best understand the inherent risk of the relationship and how to best pursue additional assurances
  • Eliminate manual, heavy, and redundant processes with third-party assessments focused specifically on Information Security risk concern areas, not elsewhere
  • Utilize automation to modernize processes, improve accuracy, and reduce cycle times for onboarding new third-parties
Report and monitor with complete visibility
  • Deliver actionable insight and enhanced governance with detailed third-party scorecards and powerful reporting and dashboarding capabilities
  • As your requirements, market forces, security regulations, and expectations adapt to changes in the market, reassess third parties cyclically for mature program monitoring
  • Provide a full audit trail across the entire third-party Information Security risk management process
Extend your program with ease
  • Aravo’s extensible platform allows you to add additional third-party risk domains as your requirements evolve and change, such as GDPRABAC, or ESG. If your program has unique requirements, we enable custom assessments tailored to your TPRM assessment requirements
  • Integrate with third-party data intelligence providers, such as Black Kite, BitSight and SecurityScorecard to further inform your Information Security evaluations and centralize your risk management suite
  • Integrate into your internal business systems including ERP, AP, GRC, and ERM systems.

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

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A LEADER

Forrester company logo

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

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A LEADER

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

Chartis RiskTech Quadrant® for 3PRM Systems 2021

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Customer Insights

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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

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An excellent product and user-friendly UI

“An excellent product and user-friendly UI (user interface), good functionality and highly efficient. Below are the key features: Super easy customization; Ability to integrate with other tools; Supplier data storage management; Transparent process for supplier registration with time lines is beautiful; Supplier registration and de-registration is easy. Easy to use tool and good visual appearance.”

– Assistant Manager, Services Industry

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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

Your Program

Benefits

With Aravo, you get better strategic results from your vendor relationships. Benefits include:

Centralize and standardize

Your third-party inventory and process controls, with a single source of truth for all your third parties, critical third parties, and their subcontractors.

Demonstrate compliance

To the board, senior management, internal audit, and examiners with real-time reporting and a complete audit trail.

Drive efficiency and reduce costs

By reducing operational burden with automated processes, saving time and resources.

Holistic solution

That can be easily extended to other risk domains, processes, or integrations with third-party data providers, including BitSight and Security Scorecard.

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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

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