April 20, 2015 posted by Allen Thompson
SAN FRANCISCO, Calif., April 20, 2015 – Aravo Solutions, Inc., the leading provider of cloud-based Third Party Risk & Compliance solutions, announced today the signing of a multi-year agreement with a $7 billion chemical manufacturing company to power its registration and qualification initiative. The initiative was designed to mitigate third party financial and reputational risk to the firm’s brand. This respected industrial manufacturer sought an enterprise-class, industrial strength solution that could be deployed quickly in order to drive rapid user adoption and value. The company selected Aravo’s Registration & Compliance Application for its pre-built library of registration and compliance content, workflows, and communication templates allowing their program to be deployed in a matter of weeks versus months.
The global chemical manufacturing leader serves more than 130 countries with 55 sites throughout the world. The company organizes operations into three core business units: titanium technologies, fluoroproducts and chemical solutions. The firm will use Aravo to proactively register and validate suppliers and third parties to ensure risk to the firm is mitigated and minimized. After an extensive review of the market, Aravo was selected for its unique prescriptive deployment approach, its content rich environment, and the simple graphical framework in which users can obtain key information and data. Real time dashboards and reports provide end users with an intuitive graphical environment enabling informed critical business decisions.
“The Aravo team is delighted to welcome our newest customer to our community of global brands. We are committed to making them our next successful and happy customer”, stated Michael Saracini, Chief Executive Officer at Aravo. “This latest customer win provides further validation that Aravo’s focus on providing proactive guidance to our customers through the provisioning of out-of-the-box content and processes is being welcomed by the marketplace. We will continue making investments in third party risk & compliance content to drive further value. It is a winning formula for our customers.”
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 General Electric, Accenture, Salesforce.com, Cisco Systems, Procter & Gamble, Unilever, and DuPont. 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 Chicago, 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 https://www.aravo.com.
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