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Aravo description
Aravo is a software platform designed for managing the risks associated with your company's vendors and suppliers. It helps you keep track of all your vendors, assess their potential risks (like financial instability or cybersecurity vulnerabilities), monitor their performance, and ensure they comply with relevant regulations. This is done through automated workflows, risk scoring, and insightful dashboards. Aravo is highly configurable, catering to businesses with varying levels of experience in managing third-party risks, and offers specialized solutions for specific industries and regulations.
Who is Aravo best for
Aravo is a robust vendor risk management platform ideal for large enterprises. It helps streamline vendor oversight, risk assessment, and compliance, providing automated workflows and insightful dashboards. Aravo excels at centralizing vendor data and automating key processes.
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Best fit for enterprise businesses.
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Suitable for various industries, especially those with complex vendor ecosystems.
Aravo features
| Supported Aravo supports assigning and conducting risk assessments. |
| Supported Aravo supports creating and sending questionnaires for due diligence. |
| Supported Aravo supports risk mitigation planning as part of its broader risk management lifecycle. |
Aravo alternatives
VenminderBetter for mid-sized companies. Offers contract management and continuous vendor risk monitoring. More user-friendly but with a steeper learning curve. Stronger customer support. More expensive.Read more
CertaBetter for compliance management and supplier onboarding. Boasts highly customizable workflows and seamless integrations. More user-friendly, but some users report slow support and limited reporting.Read more
AuditBoardBetter for larger enterprises needing SOX compliance and broader risk management. Focuses on audits, compliance, and integrated risk management. Has more momentum and positive user reviews citing ease of use and centralized audit features. A strong AuditBoard alternative for larger organizations.Read more
ProcessBoltBetter ease of use and positive pricing. Has more momentum and higher ratings based on more reviews. A better Aravo alternative for medium-sized businesses.Read more
SilobreakerMore focused on cyberattacks, geopolitical issues, and physical security threats. Has more momentum based on employee growth.Read more
SafeGuard PrivacyMore focused on compliance with data privacy regulations. Better for companies with a large vendor network.Read more
Aravo FAQ
What is Aravo and what does Aravo do?
Aravo is a third-party risk management platform that helps businesses monitor vendors, assess risks, and ensure compliance. It offers automated workflows, risk scoring, and insightful dashboards, catering to businesses of all sizes with varying risk management experience. Aravo is highly configurable and offers specialized solutions for specific industries and regulations.
How does Aravo integrate with other tools?
Aravo integrates with other tools through APIs and pre-built connectors, facilitating data exchange with existing systems like GRC platforms, ERPs, and procurement solutions. This streamlines workflows and enhances risk management processes.
What the main competitors of Aravo?
Aravo's main competitors include Venminder, Certa, AuditBoard, and ProcessBolt. These platforms offer similar vendor risk management functionalities, including risk assessments, monitoring, and compliance management. Silobreaker focuses on broader risk intelligence, while SafeGuard Privacy specializes in data privacy compliance.
Is Aravo legit?
Yes, Aravo is a legitimate software platform for third-party risk management. It helps businesses monitor vendors, assess risks, and ensure compliance. Aravo is safe and suitable for enterprises seeking to improve their vendor risk management processes.
How much does Aravo cost?
I couldn't find specific pricing details for Aravo. Contact Aravo directly for a personalized quote based on your business needs. Consider exploring alternative Third Party Risk Management solutions if budget is a primary concern.
Is Aravo customer service good?
There is no information available about Aravo's customer service.
Reviewed by
Michal has worked at startups for many years and writes about topics relating to software selection and IT management. As a former consultant for Bain, a business advisory company, he also knows how to understand needs of any business and find solutions to its problems.
Tymon is a seasoned CTO who loves finding the perfect tools for any task. He recently headed up the tech department at Batmaid, a well-known Swiss company, where he managed about 60 software purchases, including CX, HR, Payroll, Marketing automation and various developer tools.