Aravo Risk centralizes the management of supplier information in order to reduce the chance of catastrophic supplier failure and supply disruptions, improve supplier performance, and enhance supplier compliance. It enables organizations to track and manage supplier risk while developing and implementing remediation plans whenever required.

Aravo Risk helps organizations to centralize their supplier focused risk management efforts. Users can focus their supplier risk management efforts to internal provided supplier information, supplier-reported data and combined with third-party information and services sources (e.g., D&B, StrikeIron, etc.).

Aravo Risk enables a range of initiatives and programs:

• Overall risk rating and evaluation
• Supplier credential and certification management
• Supplier financial viability/credit monitoring and reporting
• Contingency planning
• Compliance and regulatory (e.g., government watch lists)

Aravo Risk provides:

• A supplier portal framework to enable suppliers to manage their own information and profiles, taking control and ownership of their own data
• A centralized, real-time view of supply risk information
• Scalable, role-based dashboards for monitoring compliance activities
• Automated communications, escalations, tracking
• A central repository for managing supplier information, credentials, certifications and profile information
• Flexibility to define new initiatives, workflows and rules on the fly – without IT’s involvement – to support new supply risk management programs as specific needs arise