September 1, 2015 posted by Allen Thompson
SAN FRANCISCO, Calif., September 1, 2015 – Aravo Solutions, Inc., the leading provider of cloud-based Third Party Risk & Compliance solutions, announced today the successful go live of Aravo’s Registration & Qualification application at a $1.6 billion in revenues U.S. based office furniture manufacturer to power their supplier governance and responsible sourcing framework. This company’s core business manufactures office furnishings that are sold throughout the world’s workplaces. They have consistently ranked as one of Fortune Magazine’s “Most Admired Companies” for the past 18 consecutive years. The company selected Aravo’s Registration & Compliance Application for its unique ability to be deployed in weeks not months. Aravo quickly provisioned the application and the customer experienced immediate and tangible value in its business.
Aravo’s customer is a publicly held company with manufacturing facilities located in the United States, Italy, China, and the United Kingdom. They sell through both direct and indirect distribution channels to customers in over 100 countries. The company is widely recognized as an innovator in modern furniture design for the workplace. After a rapid provisioning process, Aravo’s customer obtained visibility into its critical third party relationships in record time, quickly identifying those that present unacceptable risk to the organization. Most importantly, the application has automated the necessary corrective actions and processes that ensure that their third parties are compliant with organizational and government standards, protecting the company’s hard earned reputation and brand value. Aravo’s customer is particularly satisfied with the speed of deployment, rapid time to value, and the overall ease of use of the application. As a result, they are quickly looking to expand the solution to support other key compliance programs as a next phase.
“We are pleased to see our customer receiving substantial benefit in such a short period of time,” said Aravo Solutions CEO, Michael Saracini. “Aravo’s investment in providing out of the box content is paying immediate dividends for our customers by significantly reducing time to value and protecting their organizational reputation and brand value. We continue to receive validation from the market that this is one of Aravo’s key differentiators and we will continue to invest heavily in this area.”
Aravo provides the market’s leading third party risk management and regulatory compliance solution. Aravo launched its cloud-based platform in 2004 and continues to serve as the industry’s leading innovator today. Our market-leading third party risk and compliance solutions include Registration and Qualification, Anti-Bribery / Anti-Corruption, Responsible Sourcing, and Data Privacy / Data Security. The world’s best-run businesses utilize Aravo’s platform, including companies such as General Electric, Accenture, Salesforce.com, Cisco Systems, Procter & Gamble, and Unilever. Aravo currently supports a user base of over 50,000 buyers managing 2.7 million third parties in 38 languages and 112 countries. Aravo is headquartered in San Francisco, with offices in Dallas, Portland, Monterrey, Mexico and Ahmedabad, India.
For more information regarding Aravo’s award-winning third party risk and compliance solutions please visit our website http://www.aravo.com/.
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