Aravo was founded in 2000 with a focus on Supplier Information Management (SIM). Three early clients that helped shape our technology offering were the Department of Defense, Accenture and GE. We have been the market’s leading innovator for over 15 years.
We launched the market's first Third Party Management solution in 2004. In 2008 we expanded our offering with the addition of industry-leading solutions for Risk, Compliance, and Performance management. We are the thought leader in the Third Party Management industry and have led the market from an innovation standpoint for well over a decade. No competitor comes close when it comes to experience, depth of functionality and market expertise.
Aravo's customers are a who's who of the Fortune 500. Current clients include Unilever, P&G, Accenture, GE, Cisco, and Salesforce to name a few. Companies from every major industry count on Aravo to power their global Third Party Management programs. No other firm works across the breadth of industries Aravo does - from financial services and manufacturing to life sciences and higher education. It is this diverse industry expertise that allows Aravo to meet customer requirements regardless of language, geography, legacy system landscape, Third party IT capabilities, or integration needs.
As the Third Party Management market pioneer, Aravo has defined best practices for well for over a decade. By solving complex Third Party Management problems for the world's largest companies, Aravo has amassed the market's largest inventory of best practice business processes, workflows, configurations and templates. Our implementation professionals understand risk, compliance, performance and Third Party information management challenges across a wide spectrum of industries. Aravo leverages best practices in all customer deployments, helping our clients improve their internal business processes by emulating the most successful businesses in their industry. This approach also allows clients to quickly add new business units, or react to changes in markets, products or strategies.
Other Third Party Management solution providers try to force your unique needs into their constrained set of business processes and capabilities, then charge for expensive customizations when their feature sets fall short. At Aravo, we believe in best practices based on configuration not customization. Where others provide single level views of risk and performance metrics, Aravo lets you model the real world - your world - with multi-level metrics across multiple business units and varying levels of business criticality that combine internal and external data sources and KPIs. With Aravo companies don't simply monitor risk, compliance and performance, but proactively manage them by linking automated action plans to triggers and changes in key metrics, resulting in competitive advantage and optimization of time and resources.
Aravo leverages a multi-tenant Cloud-based SaaS platform which offers our customers extreme flexibility, scalability, and rapid time to benefit through ease of deployment. SaaS eliminates the need for upfront IT infrastructure and software license investments, and ensures immediate access to new functionality. With a subscription-based model, customers pay only for the resources they need, when they need them, and can evolve deployments as priorities and requirements change.