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DORA Compliance Assurance

DORA is a far-reaching EU regulation affecting businesses around the world, but forward-thinking organizations are looking beyond the regulatory requirement and using DORA to drive TPRM best practices. Aravo’s configurable platform is designed to help organizations implement DORA.

Ensure Your TPRM and Operational Resiliency Program Aligns to DORA Requirements 

Aravo customers are better prepared for regulatory changes that impact TPRM programs. As new regulations (like DORA and CSDDD) necessitate a more mature and comprehensive approach to TPRM, Aravo delivers a solution designed to adapt to a rapidly diversifying risk landscape. Aligned to the well-defined requirements of DORA and other evolving global regulations, Aravo is built to be where you need to be and go where you need to go.  

Aravo’s DORA compliance solution is a cloud-based application that allows you to stand up a best-practice program quickly and easily.

Automate every step of your DORA compliance program.

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Centralize all of your third parties and their engagements
  • Ensure all of your third-party relationships are managed in a single, centralized and accessible system 
  • Establish a single third-party registry and data model to ensure consistency and reporting accuracy 
  • Evaluate all third-party ICT vendors through a single assessment and workflow process 
Manage Agreements and Performance
  • Align to DORA’s requirements for specific risk ownership, performance, and accountability records in your agreements with third parties  
  • Capture and maintain critical records on services, payments, communications, information security assurances, and disengagement processes and agreements 
Establish processes that comply with DORA requirements
  • Align all internal policies and processes with DORA requirements, including incident management, reporting, and recovery strategies 
  • Automate onboarding, offboarding, and due diligence workflows based on risks and market evolution 
  • Ensure risk assessment, prioritization, and mitigation strategies align across the third-party ecosystem 
  • Reinforce accountability with clear explanations of responsibilities associated with attestation
Continuously monitor your InfoSec risk profile
  • Identify and mitigate risk through continuous monitoring of critical information and communications technology third parties as prescribed by the DORA regulation and beyond 
  • Ensure performance, SLAs, and KPIs are monitored and met throughout the life of the engagement 
  • Initiate action plans for incident identification and remediation, including triggering alerts and enacting automated resiliency measures 
Report and monitor with complete visibility
  • Real-time reporting and analytics 
  • Role-based dashboards and workflows that allow you to process and report activities as needed 
  • Full audit trail across the entire third-party risk management process
Integrate into your wider ecosystem
  • Integrate risk intelligence for due diligence and to accelerate awareness of information security threats and proactively protect your business  
  • Capture and share critical third-party risk data into GRC, ERP, and compliance management systems 
  • Apply DORA compliance program best practices across your extended enterprise and evolving risks and regulations 

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

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

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A LEADER

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Chartis RiskTech Quadrant® for 3PRM Systems 2021

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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

Protect your business with proactive response to potential supply chain threats

Demonstrate Compliance

Real-time reporting and complete auditability mean you can demonstrate DORA compliance to your board, risk owners, and to enforcement agencies in the EU

Apply a Risk-Based Approach to Due Diligence

Assess and understand your information security risks as applied to DORA requirements and apply mitigation measures with resources based on the level of risk

Provide End-to-End Vigilance and Visibility

Manage information security risks as defined by DORA throughout your third-party engagement lifecycle, from agreements and onboarding through to collaborated disengagement and data recovery

Future-Proof Solution

Deploy a highly flexible TPRM solution aligned to DORA and other evolving and upcoming regulations, expanding risk environments, and market scrutiny

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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 Contracts Management Contractor Risk Management
Our Expertise
Expertise
Who We Help
Customers

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