Quickly deploy an anti-bribery anti-corruption (ABAC) application that consistently manages, analyzes, and tracks third party bribery and corruption risk at the enterprise, entity, and engagement level according to international industry best practice guidance from World Economic Forum, US FCPA, UK Bribery Act, ISO 37001, and other sources.
From initial screening to enhanced due diligence, establish evidence of compliance across lines of defense with an ABAC-specific audit trail, documentation, and reporting that will stand up to internal and external reviews. Complement continuous risk management with optional third party data integrations (e.g., Refinitiv, Dow Jones, Arachnys, Red Flag Group, Lexis Nexis, etc.).
Ensure that everyone responsible for managing third party risk – including business owners, relationship managers, C-suite, board members, and risk management professionals – has complete visibility with out-of-the-box, role-based ABAC dashboards and domain-specific reports. Automatically trigger incident reports, remediation, or termination plans based on continuous monitoring that detects changes in risk profiles.
Establish a single source of truth for third party relationships, as well as and fourth parties and beyond, to effectively segment your third party portfolio and mitigate risks accordingly. Increase internal compliance with an easy-to-use interface for distributed ownership and automate standard workflows to ensure compliance with policies and procedures while creating a robust audit trail.
Rapid time to value.
Stand up an ABAC program that is aligned to global regulatory requirements quickly and cost-effectively.
Promote third party compliance.
Hold third party intermediaries accountable to FCPA, UK Bribery Act and other ABAC regulatory compliance requirements.
Understand risk exposure, segment and manage high-risk and critical third parties, and be alerted to changes in risk and compliance posture for issue management and remedial action.
Reduce operational burden with automated processes, saving time and resource.
Single version of the truth.
Cuts through data and business silos and improves reporting and governance.
Better strategic performance.
Powerful reporting and insight to make more informed decisions and drive better third party outcomes.
Better governance and oversight.
Demonstrate compliance to senior management, internal audit and examiners.
Built on technology that supports the scale, complexity and change dynamics associated with third party risk management programs.
Proven track record.
Built on Aravo’s experience in successful ABAC solutions stress-tested in complex environments of some of the world’s best-known brands.