Legal departments are finding themselves more involved in complex supplier relationships and transactions that don’t begin and end with contract negotiations. In today’s global environment, it’s no longer enough for the office of the general counsel to simply negotiate up-front indemnification clauses or IP ownership. Rather, legal must stay involved throughout the supplier lifecycle, monitoring and staying abreast of supplier certifications and credentials.

Aravo SIM is a core platform that enables in-house and hired counsel to manage distributed sets of supplier information, contracts, credentials, and certifications. In the case of routine business, this can only help to reduce legal costs and improve the office of the general counsel’s customer service to the organization, but also creates an auditable trail of supplier-related interactions – especially when used with a transactional procurement platform. And in the case of litigation, Aravo SIM provides complete visibility into the history of supplier information and associated interactions and updates, speeding up processes (e.g., discovery) and providing a competitive information advantage.

Aravo SIM enables legal professionals to:

• Centralize the management of all supplier contract information (even in a complex, decentralized people and technology environment)
• Gain a common view of both internal and external supplier information
• Insure that a supplier’s set of activities and credentials (e.g., labor practices, trade relationships) meet the ongoing expectations of the company
• Proactively manage supplier compliance and related activities
• Help the business to make the best possible contracting and supply related decisions