Aravo is a cloud-hosted vendor management system that is ideal for businesses in verticals such as life sciences, pharmaceuticals, manufacturing, retail, automotive, and others. Its primary functions include supplier portal, workflow builder, reporting, and form builder. The workflow builder allows you to create business processes by gleaning information from the library and model procedures. With the conditional builder tool, you can make real-time decisions. Use the form builder feature to produce forms to capture info form third parties.
The software’s data quality functionality allows you to handle data duplication. Third parties can use a supplier portal to update their details. You can generate insightful reports, while the visualization tool accumulates data and updates it on the dashboard. Aravo integrates with Ariba, SAP, and Oracle. The vendor offers support via email and phone.
With Aravo, you can easily and quickly create and implement a confident and cost-effective third-party risk management initiative. Aravo’s SaaS product permits you to comprehend, mitigate, and manage the risks posed by your third-party providers and their interactions. The software enables you to use a single repository for all your third-party engagements and automate risk evaluations, scoring, issue management, continuous monitoring, due diligence, and remediation action procedures.
Aravo is designed for scale, agility, and usability. Even complex enterprises can keep abreast of the high speed of regulatory change and get a comprehensive overview of their third-party network throughout each relationship’s lifecycle.
Facilitates a centralized and standardized procedure for handling all your third parties and their interactions that cuts through business and data silos.
Automated processes minimize operational burden and save resource and time.
Complete auditability and real-time reporting allow you to show compliance to examiners, auditors, senior management, and the board.
Aravo’s platform assists to mature your initiative more quickly and supports the change dynamics, complexity, and scale of your third-party management program.
Centralize all your third-party vendors and their interactions in a single inventory
Comprehend and resourcefully handle the risks related to third parties and their interactions
Perform risk-based third-party due diligence
Report and track with full visibility
Actively handle risk and performance
Integrate into your larger ecosystem
Aravo Solutions offers pricing details on request. Contact them directly to get custom pricing information for your business.
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