June 21, 2011 posted by Allen Thompson
SAN FRANCISCO, Calif., June 21, 2011 – Aravo Solutions, Inc., the leading provider of on–demand Supplier Lifecycle Management and B2B information and collaboration solutions, announced that Aravo Assure™ is revolutionizing the way that companies manage their B2B trading relationships. Using Aravo Assure™, the industry’s first — and only — supplier information network with a focus on risk, performance, compliance, and sustainability, members are implementing new strategies for reducing the cost of managing and sharing critical business information with trading partners, while finding new customers for their products and services.
Aravo Assure™ was built to revolutionize the way businesses engage, share data, and collaborate. Today’s outdated, manual, spreadsheet-based systems for pushing and pulling data between trading partners add complexity and cost. With Aravo Assure™, buyers and suppliers are empowered with cutting-edge, many-to-many, Enterprise 2.0 technology, delivered in an intuitive, web based system. Suppliers can leverage data and credentials across unlimited numbers of customers and prospects from a centralized secure location, and buyers can ensure they have the fresh, validated data their internal systems require to keep the flow of direct and indirect goods moving.
“It’s the 21st century and it’s time for a change”, said Michael Saracini, Aravo’s CEO. “We’ve seen rapid transformation in nearly every corner of our lives. How we shop, communicate with friends, search for jobs, restaurants and service providers have all been completely transformed by social networking companies like Facebook, LinkedIn, Yelp, and Twitter. In that same spirit, we believe the time has come for companies and their suppliers to stop relying on phone, fax, email and spreadsheets for collaboration, and to benefit from web-based networks in the same way consumers have.”
Assure Drives B2B Collaboration
With Aravo Assure™, trading partners are empowered with an industrial-strength collaboration platform and many-to-many communications framework to reduce expense and administrative burden on both parties. Whether suppliers are sharing their latest diversity credentials or disaster recovery plans, or buyers are performing risk assessments or conducting training sessions, Aravo Assure’s™‘s B2B network collaboration infrastructure saves companies time and money.
Aravo Assure™ allows suppliers to provide rich information on their products, services, company health, track record, sustainability practices and much more. Configurable, Enterprise 2.0 permissions-based relationship hierarchies grant access to supplier data, documents and credentials, while automatic “push” updates send new data to buyers’ IT systems based on supplier information changes or document refreshes. Rich analytics and decision support capabilities help to manage risk, track performance and measure sustainability and corporate citizenship compliance.
Assure Drives New Sales Opportunities to Grow Revenue
Aravo Assure™ makes finding and connecting to prospective new customers an easy, direct and intuitive process. Unlike other networks, Aravo Assure™ provides sellers with tools to proactively promote not only their goods and service offerings, but also their company’s capabilities, health, stability, culture, performance record, and other key differentiators that drive customer value. Selling members gain access to new markets and new opportunities individually or by collaborating with other suppliers using powerful selling tools to win new business.
Assure Makes Risk and Performance Management Easy
Aravo Assure™ represents a new generation of technology for global companies to discover new trading partners, drive down the cost of managing business relationships, and minimize supply chain risk.
Today, managing risk and performance top the list of corporate priorities. Aravo Assure™ offers tools and decision support capabilities that harness the power of community feedback, shared industry standard templates and surveys, and cross company collaboration to ensure the supply chain is actively monitored around the clock and risk is minimized.
The world’s best-run businesses utilize Aravo’s Cloud-based Supplier Lifecycle Management solutions and Supplier Risk Services to find and manage trading partner relationships, reduce supply chain risk, ensure global regulatory compliance and lower the cost of managing suppliers by up to 72%. Aravo launched the market’s first SIM/SLM solution in 2004 and has been the leading innovator in the space ever since. Customers such as General Electric, Accenture, and Boston University rely on Aravo to manage information and processes for over 2 million global suppliers. Aravo is based in San Francisco, with offices in Chicago, Dallas, New York, Portland, Monterrey, Mexico and Ahmedabad, India, and is backed by over $50 million in investment from Cisco Systems, Big Sky Partners, and others. For more information regarding Aravo’s award-winning solutions please visit our website at https://www.aravo.com.
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