Aravo to Power Best-in-Class Third Party Registration and Qualification Initiative
SAN FRANCISCO, Calif., May 30, 2014 – Aravo Solutions, Inc., the leading provider of cloud-based Third Party Risk & Compliance solutions, announced today the signing of a multi-year agreement with the world’s largest mining company to power their Third Party Registration and Qualification initiative. Based in Melbourne, Australia, Aravo’s newest customer required sophisticated, automated registration and qualification capabilities in order to comply with the 2011 Australian Parliament Local Industry Participation Plan Amendments. The Aravo solution requires all third parties/suppliers to affirm the company’s charter, accept standard terms and conditions, and provide standard company information inclusive of local hiring standards. Once registered, the third party/supplier information automatically routes to the appropriate party(s) for review and approval/rejection, with user-defined tracking metrics and globally-accessible reporting dashboards.
Aravo’s newest customer is Australia’s largest company by market capitalization and manages operations in 140 locations in 26 countries around the globe. Following a thorough vetting process, Aravo was selected for its industry-leading third party registration, risk, and compliance functionality. Aravo’s rapid deployment ability will ensure compliance with Australia’s national, state, and local Industry Participation Plan requirements is achieved in a timely manner.
“We are excited to welcome Australia’s largest corporation into the Aravo family”, said David Rusher, Vice President of Product Strategy and Professional Services at Aravo. “This win provides further validation of Aravo’s ability to stand up customers in a weeks not months. We are pleased to cement our position in the Australian marketplace and look forward to expanding the project in the in the months and years to come.”
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, Unilever, and DuPont. Aravo currently supports a user base of over 36,000 buyers managing 2.4 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 at https://aravo.wpengine.com.