Leading Global Management Consulting and Technology Services Company Selects Aravo Solutions to Optimize Supplier Management Processes
Aravo to be deployed in 20 languages supporting 80,000 supplier relationships world-wide
SAN FRANCISCO, CA, May 8, 2012 — Aravo Solutions, Inc., the leading provider of cloud-based Supplier Lifecycle Management (SLM) and B2B information and collaboration solutions, announced today that a leading global management consulting, technology services and outsourcing company has selected Aravo Enterprise™ to help it optimize global SLM business processes. Following an exhaustive competitive evaluation, Aravo was chosen for both its market-leading SLM technology and its experience helping large geographically dispersed customers manage complex supply chain business processes.
Serving clients in more than 120 countries, the consulting and technology services company combines unequalled experience with comprehensive business services capabilities across all industries and functions to help their customers become high-performance businesses and governments. They will deploy Aravo as a core component of their spend management infrastructure to centralize and automate strategic supplier management processes ranging from global supplier on-boarding and contract document management, to improved supply chain visibility and reduced maverick spend.
Multiple decentralized transaction systems, each with their own unique vendor master files and supporting processes, have resulted in excess supplier proliferation, long manual supplier on-boarding processes, and a lack of effective supply chain visibility. In addition, difficulty in tracking contracted terms has led to significant off-contract spend across regions and commodities. Given the continued growth of their global business, combined with the need to control spend management costs, they realized the critical need for an integrated supplier management system.
With Aravo Enterprise™, the company will deploy an automated supplier self-service model, based upon dynamic configured surveys and workflows, to automate all aspects of supplier enablement and management. Aravo’s supplier Performance, Risk and Compliance solutions will provide management dashboards and alerts for end to end supply chain visibility. As a result, the procurement team will be able to move away from manual on-boarding and contract compliance tasks, and focus on critical, strategic supplier relationships.
"We are pleased to welcome another industry-leading professional services company to the Aravo customer family", said Michael Saracini, CEO of Aravo. "As the leader in supplier lifecycle management solutions for the Global 1000, Aravo is uniquely positioned to help services companies integrate disparate enterprise spend management systems and sources of data to provide a single source of truth for 360 degree supply chain visibility."
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 marketâ€™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