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Get off siloed spreadsheets and email and create a centralized repository of your third parties

Ideal for organizations that currently rely on manual processes to manage track and report on third-party risk and those implementing a brand-new program with a modest team, Aravo for Third Party Management Express is a ready-to-use SaaS Application. Leverage best-practice pre-configured assessments, workflow, data management, and reporting built on Aravo’s experience delivering third-party risk management solutions to some of the world’s largest brands.

Unlike other solutions, Aravo can seamlessly scale and evolve as your program grows and develops because it’s built on our single technology platform. In a matter of days, you can add the capabilities of Aravo for Third-Party Management Standard or pre-configured solutions for infosec, data privacy, anti-bribery/corruption, or financial services risk assessment.

Confidently stand up your best-practice third-party risk management solution

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Request a new third-party relationship
  • Avoid duplicate or redundant vendors from being entered into the system
  • Identify whether the relationship manager or the third party will complete the dynamic online survey
  • Launch the automated process that streamlines assessment and onboarding
Automate inherent risk assessments
  • Score and tier your third parties based on responses to a dynamic, online survey
  • Reduce the burden on respondents with surveys that leverage business logic to avoid unnecessary questions
  • Screen for multiple risk types with pre-configured surveys that distill Aravo’s unmatched third-party risk expertise
Facilitate and document review by a risk expert
  • Support risk expert decision-making by presenting completed assessments along with risk scores and other data for medium/high risk third parties
  • Capture the risk expert’s decision, comments, attestation, and confirmation of code of conduct
  • Create a robust audit trail of adherence to appropriate risk controls
Manage the ongoing relationship life cycle
  • Access pre-configured, role-based dashboards and reports to monitor your third-party ecosystem risk
  • Edit, off-board, and re-onboard third parties for ongoing data integrity within a system of record
  • Easily comply with audits

Your Program Benefits

With Aravo for Third-Party Management Express, you can make mitigate risks by making better decisions about third-party relationships

Third-Party Risk Management Aligned to Your Program Maturity

Third Party Management Express Tier

Express

Ideal for organizations that are currently using manual processes (spreadsheets, emails, checklists) to manage, track, and report on third-party risk and those that are implementing a brand-new program with a modest team.

Third Party Management Standard Tier

Standard

Ideal for organizations that have an emerging or defined third-party risk framework and want to take a consistent, holistic approach to risk-based third-party due diligence by leveraging business process automation.

Third Party Management Advanced Tier

Advanced

Often selected for large, complex, and international programs, this level is suited for organizations that require a bespoke TPRM solution based on a custom data model that can include new entities and custom associations.

Unlike other solutions, Aravo for Third-Party Management can scale and evolve as your third-party risk management program does. All Aravo solutions are built on the same flexible and scalable technology platform, which means that you can seamlessly move to a higher tier, add specialized Aravo products for anti-bribery/corruption, infosec, data privacy, and financial services risk assessments, or incorporate your own surveys with a Customer Defined Assessment.

A detailed comparison of the capabilities in each tier is available in the product data sheet.

Not sure how mature your third-party risk management program is? Check out our Maturity Calculator, which will provide a detailed custom report to help you understand the implications of your current maturity stage and guide you on the next step in your maturity journey.

Leading vendor risk management software from Aravo

Aravo is a recognized industry leader for supplier risk and performance software and third-party risk management software applications. We are noted for our domain expertise and record of innovation in this space. Our acknowledgements and awards include:
Our Expertise
Expertise
Who We Help
Customers

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