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Third-Party Management
Express

Get off siloed spreadsheets and email and create a centralized repository of your third parties

Ideal for organizations that currently rely on manual processes to manage track and report on third-party risk and those implementing a brand-new program with a modest team, Aravo for Third Party Management Express is a ready-to-use SaaS Application. Leverage best-practice pre-configured assessments, workflow, data management, and reporting built on Aravo’s experience delivering third-party risk management solutions to some of the world’s largest brands.

Unlike other solutions, Aravo can seamlessly scale and evolve as your program grows and develops because it’s built on our single technology platform. In a matter of days, you can add the capabilities of Aravo for Third-Party Management Standard or pre-configured solutions for infosecdata privacyanti-bribery/corruption, or financial services risk assessment.

Confidently stand up your best-practice third-party risk management solution

Third-Party Risk Management - GRC Software Features Screenshot
Request a new third-party relationship
  • Avoid duplicate or redundant vendors from being entered into the system.
  • Identify whether the relationship manager or the third party will complete the dynamic online survey.
  • Launch the automated process that streamlines assessment and onboarding.
Automate inherent risk assessments
  • Score and tier your third parties based on responses to a dynamic, online survey.
  • Reduce the burden on respondents with surveys that leverage business logic to avoid unnecessary questions.
  • Screen for multiple risk types with pre-configured surveys that distill Aravo’s unmatched third-party risk expertise.
Facilitate and document review by a risk expert
  • Support risk expert decision-making by presenting completed assessments along with risk scores and other data for medium/high risk third parties.
  • Capture the risk expert’s decision, comments, attestation, and confirmation of code of conduct.
  • Create a robust audit trail of adherence to appropriate risk controls.
Manage the ongoing relationship life cycle
  • Access pre-configured, role-based dashboards and reports to monitor your third-party ecosystem risk.
  • Edit, off-board, and re-onboard third parties for ongoing data integrity within a system of record.
  • Easily comply with audits.

Your Program

Benefits

With Aravo for Third-Party Management Express, you can make mitigate risks by making better decisions about third-party relationships

Create a centralized view of third-party data

Achieve a single solution of record to understand your third-party ecosystem and operate more efficiently.

Implement your TPM solution quickly

Start using your software immediately with minimal professional services support.

Launch your TPM solution with confidence

Increase visibility for senior management, the board, and audits with robust reporting and audit trails.

Future-proof your TPM product strategy

Seamlessly add new capabilities and features as your program matures and evolves.

Third-Party Risk Management Aligned to Your Program Maturity

Third Party Management Express Tier

Express

Ideal for organizations that are currently using manual processes (spreadsheets, emails, checklists) to manage, track, and report on third-party risk and those that are implementing a brand-new program with a modest team.

Third Party Management Standard Tier

Standard

Ideal for organizations that have an emerging or defined third-party risk framework and want to take a consistent, holistic approach to risk-based third-party due diligence by leveraging business process automation.

Third Party Management Advanced Tier

Advanced

Often selected for large, complex, and international programs, this level is suited for organizations that require a bespoke TPRM solution based on a custom data model that can include new entities and custom associations.

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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Super easy implementation and ease of use

Senior Manager,
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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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

Our Expertise
Expertise
Who We Help
Customers

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