SAN FRANCISCO, July 28, 2020 /PRNewswire-PRWeb/ -- Aravo Solutions, the leading provider of cloud-based third-party governance, risk, compliance, and performance solutions, has been recognized as a leader by independent analyst research firm Forrester Research Inc., in The Forrester Wave™: Supplier Risk And Performance Management Platforms, Q3 2020, released today.
This is one of the industry's most rigorous and influential analyses and is based on research briefings, live product demonstrations, customer surveys, and interviews.
Vendors are evaluated on 24 criteria that cover current offering, strategy, and market presence. This year, Aravo was among 10 companies that Forrester invited to participate in this evaluation, and was positioned as the vendor with the top score in the strategy category.
In its vendor profile, the report states that Aravo is an "excellent choice for AD&D leaders in large enterprises who want to tailor Aravo's best practice templates rather than build their own processes from scratch."
"Aravo Solutions is honored to be recognized as a leader in The Forrester Wave™: Supplier Risk And Performance Management Platforms", said Michael Saracini, Chief Executive Officer, Aravo Solutions. "Our domain expertise and AI vision which were called out in the report have been built on 20 years of delivering successful programs to the world's leading brands. Companies can take a great deal of confidence that, by working with Aravo, they are bringing the definitive combination of technology and best-practice expertise into their supplier and third-party risk and performance management programs."
Eric Hensley, Chief Technology Officer, Aravo Solutions, said he was pleased with the acknowledgment in the report that "Aravo is ahead of competitors in applying AI to streamline risk assessment and monitoring." He says, "Aravo has pioneered and evolved this space since 2000, and those years of experience mean we can apply AI and intelligent automation in a way that works with the programs and data businesses have in place, rather than forcing them into a one-size-fits-all solution."
Better supplier risk and performance management is more critical today than ever before. The report notes that "CPOs need to protect their firm's customers and brand by ensuring that all their suppliers are safe, secure, reliable, and ethical. Manual processes, typically based on emails and spreadsheets, are ineffective — there are simply too many suppliers, types of risk, and sources of relevant data. Recent events have amplified the need."
Find the full Forrester Wave Report here: The Forrester Wave™: Supplier Risk and Performance Management, Q3 2020.
Find more information on Aravo's Supplier Risk and Performance Management capabilities here.
Aravo delivers the market's smartest third-party risk and performance management solutions, powered by intelligent automation.
For more than 20 years now, Aravo's combination of award-winning technology and unrivaled domain expertise has helped the world's most respected brands accelerate and optimize their third-party management programs, delivering better business outcomes faster and ensuring the agility to adapt as programs evolve.
With solutions built on technology designed for usability, agility, and scale, even the most complex organizations can keep pace with the high velocity of regulatory change. As a centralized system of record for all data related to third-party risk, Aravo helps organizations achieve a complete view of their third-party ecosystem throughout the lifecycle of the relationship, from intake through off-boarding and all stages in between and across all risk domains.
Aravo is trusted by the world's leading brands, helping them manage the risk and improve the performance of more than 5 million third parties, suppliers and vendors across the globe. https://aravo.com
SOURCE Aravo Solutions