Reaping business value from better GRC efficiency, effectiveness and agility in complex Third Party Programs
November 14, 2016 posted by Kimberley Allan
November 14, 2016 posted by Kimberley Allan
Solution found to drive measurable value, delivering better GRC efficiency, effectiveness and agility to complex Third Party Programs
Recognition for a job well done is always appreciated. It’s especially appreciated when the recognition is for a job well done for clients. The team here at Aravo were particularly honored and excited to receive the 2016 GRC Value Award for Third Party Management (TPM) from independent GRC analyst firm GRC20/20 for our TMP solution for Adobe Systems.
The annual GRC Value Awards recognize real-world implementations for Governance, Risk and Compliance programs and processes that have returned significant and measurable value to an organization. You can read the full Adobe Systems case study here.
There were two points that the study highlighted that we thought were of particular note:
1) “The efficiency, effectiveness and agility Aravo provides Adobe demonstrates the advantages of a dedicated third party management platform to meet the needs of a growing, complex and dynamic business environment.”
2) “Adobe have told GRC20/20 that Aravo has been easy to work with, responsive to questions and requests, and they have benefitted from the excellent support and professional services of Aravo as well as the core technology itself.”
Both these points underscore concepts that are central to our approach at Aravo.
October 19, 2016 posted by Aravo
Multi-million dollar fines, bad publicity, even jail time for executives—mining companies have a lot at risk in the area of regulatory compliance. In Ernst & Young’s report Business risks facing metals and mining 2016-2017, two of the top ten trends relate to transparency and compliance. Government are cracking down on corruption, and NGO’s and journalists are fueling social movements expressing concern over workplace safety and ethical sourcing.
One area deserves attention from mining and metals companies: third-party compliance.
October 18, 2016 posted by Kimberley Allan
Today we launched our new Aravo corporate website. It’s mobile ready, and designed to make it more intuitive for you to navigate and find the information you need to fuel your third party risk management technology decisions. We hope you like it.
You can explore the range of industries we support (our clients include top 5 companies across most industry verticals), learn about the challenges that companies face when it comes to managing third party risk at scale, and discover the business benefits we deliver with our unique combination of technology and domain expertise.
August 31, 2016 posted by Aravo
Regulatory burdens are increasing for Global 2000 companies. More regulations are passed every year, requiring companies to meet an ever-rising standard for self-monitoring and near-faultless business practices. In manufacturing alone, the U.S. federal government passed over 2,300 new regulations between 1981 and 2013. Over 270 of these regulations are classified as “major,” meaning they are expected to have an effect of $100 million or more on the economy.
August 29, 2016 posted by Aravo
The Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010 might garner the most headlines, but it is hardly the only federal regulation deserving the attention of U.S. banks.
August 25, 2016 posted by Kimberley Allan
Today it was announced that I’m joining Aravo Solutions as Chief Marketing Officer. I’m delighted to be joining such a dedicated team—a team that cares about their customers and about the wider causes they are supporting through Aravo’s industry-leading technology and services.
June 10, 2016 posted by Aravo
The modern organization is a complex web of relationships and interactions that span traditional business boundaries. Over half of the organization’s ‘insiders’ are no longer traditional employees, but rather third parties: suppliers, vendors, service providers, consultants, etc. Complexity grows as these interconnected relationships, processes, and systems nest themselves in layers of subcontracting.
May 19, 2016 posted by Aravo
Around the world, governments are getting stricter about enforcing anti-bribery and anti-corruption regulations such as the U.S. Foreign Corrupt Practices Act (FCPA), the U.K. Anti-Bribery Act, and other national laws modelled on the OECD Anti-Bribery Convention. These regulations forbid bribery and corruption by companies and their third-party partners, including resellers, distributors, and marketing agencies.