Maintain a single inventory of all your third-party relationships, their firmographic data, and their risk profiles.
An off-the-shelf application, Aravo for Third-Party Management distills the best practices derived from Aravo’s unparalleled experience in delivering third-party risk management solutions for some of the world’s largest brands. Our tiered approach allows organizations of virtually any level of program maturity to leverage Aravo’s robust workflow and data management to onboard third parties, conduct risk assessments and due diligence, and manage the entire life cycle of the third-party relationship.
With Aravo for Third-Party Management, you can manage the end-to-end third-party life cycle. Benefits include:
Delivers a standardized and centralized process for managing all your third parties that can cut through data and business silos.
Reduces operational burden with automated processes, saving time and resources.
Real-time reporting, role-based dash-boards, and complete auditability to demonstrate compliance to management, board, and auditors.
Robust data management and business process workflow deliver visibility and adherence to policies.
Innovating Third Party Risk Management
Aravo is Third-Time Category Leader for Third-Party Risk Management
A Buyer’s Guide to Third-Party Risk Management for the Mid-Size Enterprise
Your Wake-up Call to Better Third-Party Risk Management: Exploring the Results of Deloitte’s Global TPRM Survey
Aravo has the market’s most comprehensive set of capabilities for managing third-party, vendor, and supplier risk and performance
“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
“We have used Aravo for eight years now, and it has been a backbone of our supplier information and compliance processes. Aravo themselves are excellent to work with and have been highly supportive and understanding of our business goals.”
– Lead IT SME,
Program and Portfolio Management,
Manufacturing Company
“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
Apply a standardized and defensible process for collecting, centralizing, and validating your third-party vendor information.
Ensure an objective, risk-based approach to third-party due diligence.
Deliver a consistent, automated process complete with a fully accessible audit trail. All your vendor information and documentation is in one place.
Create a centralized repository of all vendor contract information and automate contract monitoring, review, and management processes.
Continuously monitor vendor risk and performance and trigger review, escalation, issue management, and remediation activity.
Monitor third-party vendor performance, strengthen preferred supplier relationships, drive innovation, and eliminate poor performers.
Enable a systemic and consistent approach to issue management and identify, track, and manage third-party vendor issues from initiation through to resolution.
Ensure that the separation process is handled appropriately, including return of property and system access, assurance of data destruction, and notification to finance to cease payments.
