Aravo Reports Record Demand for Third-Party Risk Management and Supply Chain Resilience Technology
Emerging risks and their impact on operational resilience sharpen focus on better third-party risk management
Aravo Solutions, a leader in intelligent automation for third-party risk and performance management, announced that they had seen record demand in 2020 for their technology solutions designed to improve approaches to third-party management.
The significant disruption to supply chains in the wake of COVID-19, together with a growing terrain of emerging risks, has become a catalyst for many organizations to reexamine how they manage third parties that provide goods and services critical to their operations.
Aravo has been a clear choice for many, as its solutions bring greater intelligence, automation and agility to how companies manage their third parties. Aravo clients have been able to quickly identify and manage risks that the pandemic exposed in their supplier ecosystem, delivering better resilience to their business operations in times of rapid change.
Michael Saracini, CEO Aravo Solutions, said: “One of our greatest achievements in 2020 was being in a place where we could help our clients manage the emerging hazards that the pandemic created, and ultimately make things easier for them during challenging times.”
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