A cost-effective, cloud-based solution that embeds Anti-Bribery Anti-Corruption (ABAC) compliance directly into the third party and supplier pre-contract due diligence and onboarding process, and allows firms to continually monitor risk and compliance posture throughout the life cycle of the relationship.
Regulators, shareholders, and empowered consumers all expect companies to operate with integrity and ensure that their organization, together with their third parties, remain free of bribery and corruption. Yet third parties remain one of the highest levels of risk exposure, with over 90% of FCPA enforcement actions involving the actions of third party intermediaries, such as agents, consultants or contractors.
Aravo for Third Party ABAC Due Diligence allows you to implement, manage, and enforce consistent and objective ABAC compliance programs for all your third parties, regardless of scale. Best practice assessments and workflows enable organizations to rapidly implement a control framework that mitigates key bribery and corruption risks, which can otherwise result in fines, reputational damage, and even incarceration.
Dramatically reduce the time required for the assessment and due diligence of third parties. By eliminating multiple inventories and manual processes that rely on unreliable email and spreadsheets, you save time, gain productivity and deliver consistent and scalable programs.
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.