Aravo Sponsors New Research on Enterprise SIM Strategy
Spend Matters Explores Advanced SIM Capabilities that Drive Enterprise Value and Lower Costs
SAN FRANCISCO, CA, November 6, 2012 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, announced that it has sponsored the latest installment of industry thought leader Spend Matters' Compass Research series on Supplier Information Management (SIM): "Beyond One-Off Initiatives and a Virtual Vendor Master — Advanced Use Cases for Supplier Management." Written by Spend Matters Executive Editor, Jason Busch, and Lead Analyst, Thomas Kase, the report explores the links between advanced supplier management ROI and improvements in risk reduction, improved visibility, minimized maintenance, and compressed cycle time in engaging with selected suppliers.
"Companies must think about SIM as a potential business platform to drive multiple initiatives, not just a tactical checkbox tool," said Mr. Busch. "An advanced supplier management solution can bring together data from just about any source, to deliver analysis and general visibility that was not available previously, which can enable organizations to find gold in unexpected places."
Beyond One-Off Initiatives and a Virtual Vendor Master — Advanced Use Cases for Supplier Management provides an in-depth look at key business use cases that drive value across the enterprise. Building on their earlier work on SIM Technology, Jason and Thomas discuss their view that the cutting edge of supplier management approaches is the integration of information and processes across functions. "There has been a clear trend towards deep multi-level integration, accelerated by consolidation of data across functional bounds through direct system integration and structured master data management approaches. A sophisticated SIM solution is essential to enable this level of functionality."
"Spend Matters Compass research can always be relied upon to deliver insightful, actionable perspectives on the hottest topics in spend management approaches and technology," said Robert Shecterle, Vice President, Marketing at Aravo. "With this research, Jason and Thomas dive deeply into business use case analysis to help practitioners understand where to find the "SIM gold" inside their respective enterprises."
Aravo launched the market's first Supplier Information Management (SIM) solution in 2004 and has been the leading innovator in the space ever since. With global customers including GE and Cisco Systems, Aravo continues to dominate the worldwide market for SIM and SLM solutions. By transforming their process and technology landscape using Aravo's technology, customers dramatically reduce supplier management costs, avoid supply chain disruptions by proactively managing supplier risk, and accelerate time-to-market through optimized supplier discovery and performance management.
The complimentary Compass research paper can be found at: Beyond One-Off Initiatives and a Virtual Vendor Master — Advanced Use Cases for Supplier Management.
The world's best-run businesses utilize Aravo's Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others. For more information regarding Aravo's award-winning solutions please visit our website at http://www.aravo.com.
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In a recent poll of Fortune 1000 executives, 71.4% of respondents expressed that their biggest concern is risk of supplier financial viability. However, despite these concerns, the majority of respondents have active risk management programs in place for less than 20% of their supplier base.
Aravo Supply Chain Risk Poll