With Aravo, procurement teams can move beyond simply collecting third-party onboarding data to actively assessing risk posture. It’s a smarter approach to procurement risk management.
Whether it’s a mission-critical technology provider or a routine landscaping crew, launching third-party relationships successfully is essential to organizational success. Aravo keeps your onboarding process in orbit with intelligent business rules and streamlined, easy-to-follow tasks.
Built for high-velocity missions, we empower procurement teams to rapidly fuel up with data by gathering key intel from internal sources, third-party contacts, and integrated external systems. This accelerates third-party risk assessments and propels the onboarding journey forward, collecting all vital launch materials such as W-9s, banking and payment information, NDAs, proof of insurance, and other necessary documentation to ensure every third-party relationship is cleared for takeoff.
Aravo equips procurement teams with a deployment-ready, holistic approach to streamline third-party onboarding and risk evaluations, boost data completeness, and ensure seamless integration with internal business systems for mission success.
End-to-end visibility into risk and onboarding
Role-based access tailored for procurement teams
Data validation frameworks to ensure quality
Procurement-focused dashboards and reports
Integrations with key downstream systems
Smart questionnaires for onboarding data capture
Aravo offers procurement professionals a purpose-built third-party risk solution that is flexible, configurable, and capable of unifying onboarding and risk management into a single platform.
Set up a personalized demo and discover a smarter approach to supplier, vendor, and third-party risk management.
Power your ascent with automated processes that synchronize risk evaluations and prescriptive third-party onboarding for mission-critical results.
“As changes to trade relationships impact supply chains and firms have to pay more attention to third-party risks, Chartis recognizes Aravo as a category leader in its most recent study of third-party risk management and GRC analytics providers. With its strong data integration and analytics capabilities and a comprehensive approach to TPRM, increasingly enabled by AI, Aravo is well-positioned to address what we expect to be increased demand for TPRM innovation.”
Michael Versace Markets Lead for GRC Advisory and Research
Aravo delivers award-winning, market-leading cloud-based solutions for managing procurement and third-party risk, governance, compliance, and performance.
TPRM success demands a comprehensive approach, integrating all essential elements in order to deliver a program withsignificant and consistent impact. Aravo delivers long-term advantage for large enterprises and innovative global brands seeking connected risk visibility, TPRM operational excellence, and measurable business outcomes—all through one centralized solution. By centralizing data and automating workflows, we help organizations enhance efficiency, reduce cost, and ensure regulatory compliance.
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Organizations frequently kickstart risk management efforts in procurement, the entry point for vendor relationships. Aravo partners with procurement teams to establish strong risk management and assessment programs that often expand into comprehensive Third-Party Risk Management (TPRM), centralizing risk visibility for the enterprise. We offer procurement professionals an integrated TPRM solution that is flexible, configurable, and capable of unifying onboarding and risk management into a single platform.
In the early 2000s, TPRM focused on basic supplier or sourcing management, which eventually evolved to include managing supplier risk. Even today, many Aravo customers concentrate on supply chain resilience as a starting phase for TPRM. Our comprehensive workflow can alert you to potential issues, automate supplier business impact assessments, and manage your response — allowing you to potentially avoid disruptions that would impact business operations.
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A robust TPRM program integrates governance, risk management, and compliance (GRC) best practices. It goes beyond risk assessment to implement proactive governance, defining ownership, accountability, and processes. This approach ensures comprehensive risk management and extends compliance obligations across third parties. A third-party GRC program is not just an extension of internal GRC but an optimized framework for managing third-party risks effectively.
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