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Aravo

Score8 out of 10

1 Reviews and Ratings

What is Aravo?

Aravo Solutions headquartered in San Francisco offers cloud-based solutions for managing third party governance, risk, compliance and performance. Their goal is to help companies protect their business value and reputation by managing the risks associated with third parties and suppliers, and to build business value by ensuring that their third party relationships are optimized.

Categories & Use Cases

Excellent tool for supplier management for regulatory compliance

Use Cases and Deployment Scope

Detailed control of supplier management for regulatory compliance and compliance with company quality requirements. The scope of use of the application is for the registration and control of suppliers, in which we can cover the part of legal questionnaires, quality questionnaires, IT questionnaires and make sure that suppliers are complying with the requirements before they are registered before orders are placed.

Pros

  • Regulatory Compliance
  • Ability to set up the process flows according to the company needs
  • Good control with new suppliers

Cons

  • Ease of use, there are some things that are repetitive
  • Interface for the user
  • Appearance of the generated reports

Return on Investment

  • Better control in the supplier management
  • Improvement in the evidence provided in the external audits to obtain certifications
  • Difficulty in understanding Aravo-generated reports

Usability