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Performance Management

Ensure your third-party suppliers are delivering value to your business

Aravo For Performance Management is a cloud-based solution that allows you to understand, monitor, and manage the performance standards of your third-party suppliers.

Collect, track, and manage the quantitative and qualitative performance metrics of your suppliers to capture the strategic advantages of efficiency, cost savings, quality, and innovation that their engagements should bring to your organization.

Automate every step of your supplier performance management program

Third-Party Risk Management - GRC Software Features Screenshot
Collect targeted performance metrics and related information from internal managers and third parties
  • Score third parties across a range of targeted metrics and define how scores are to be weighted and rolled up into a total performance score.
  • Identify internal relationship managers and suppliers to participate in the performance management process and drive the collection of required performance information.
Receive proactive alerts when remediation is required
  • Configure alerts tied to specific performance conditions and thresholds.
  • Use performance dashboards to highlight suppliers that require remediation.
  • Automatically trigger corrective actions based upon the performance criteria.
Collaborate, remediate, and innovate with suppliers
  • Use performance scorecards to collaborate with suppliers and raise the bar of performance and enhance strategic relationships.
  • Proactively collaborate with suppliers on innovation initiatives such as joint product development, packaging development, and new markets for revenue growth.

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™: Third-Party Risk Management Platforms, Q4 2020

The Forrester Wave™: Third-Party Risk Management Platforms, Q4 2020

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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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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A must have product

“Simple and intuitive product with some good features to make it [a] must have product. Experienced experts to deliver a solution configured to our needs and delivery on time.”

– Analyst,
Manufacturing Industry

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ROI is not just positive, it’s massively positive

“Aravo provides GE with a globally accessible application for the management of critical information around our supply base and allows us to syndicate the information to our various purchasing, payables and other systems so that we can have one coordinated view of all supplier activity and commitments. We are confident that the ROI is not just positive, but it’s massively positive.”

– Corporate Initiatives Group,
GE Global Procurement

Your Program

Benefits

With Aravo, you get better strategic results with from enhanced supplier relationships. Benefits include:

Reduce third-party and supplier costs

Deliver better business results by optimizing performance and eliminating poor performers.

Strengthen supplier relationships

Enhance collaboration and transparency with better performance visibility and communication.

Capture and act on innovation

Benefit from joint initiatives that will drive business value.

Apply best practice and a holistic approach

Ensure performance is accounted for in your third-party management programs

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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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