With continued bribery and corruption enforcement actions high on the agenda of the regulators, companies should be looking to raise the bar on the due diligence of their third parties, both at onboarding and as part of a continuous monitoring process.
May 25, 2017 posted by Aravo
May 03, 2017 posted by Aravo
Solution also offers the industry’s greatest ‘completeness of offering’
We’re very pleased to report that Aravo Solutions has been recognized as a Category Leader in the Chartis Research RiskTech Quadrant® for Third Party Risk Management Systems 2017.
According to Chartis, “Category leaders are considered to be risk technology vendors that have the necessary depth and breadth of functionality, technology, and content, combined with the organizational characteristics to capture significant market share by volume and value.”
April 12, 2017 posted by Aravo
Why TPRM objectives fail – and what Global 2000 companies need to succeed
Even though large organizations have invested time, attention, and resources into third party risk management (TPRM) over the past decade, it’s clear that many programs are failing to deliver on their primary objective - keeping the organization safe.
Topics: Anti-bribery & Anti-corruption, risk and compliance, third party risk management, Data Security & Privacy, Responsible Sourcing, Global 2000, compliance risk, tprm, business complexity, scale, business change, business scale, white paper, third parties
April 10, 2017 posted by Aravo
Third party risk management is a complex discipline, that combined with the scale, complexity, and change dynamics of any Global 2000 organization, can often lead to false starts with technology implementations.
It’s important to get enterprise software purchase decisions right – they are the fulcrum of successful third party risk programs for the business, they impact on the adoption and performance of many internal users across the enterprise, and they can have an impact on the careers of those selecting them.
Topics: FCPA, risk and compliance, Anti-Bribery and Anti-Corruption, OCC, third party risk management, Data Security & Privacy, Registration & Qualification, Conflict Minerals, GDPR, General Data Protection Regulation, aravo, ABAC, risk mitigation, sustainable procurement, regulatory risk, tprm
March 27, 2017 posted by Aravo
Sustainability and corporate social responsibility (CSR) are now important or critically important items on the supply chain agendas of organizations around the world, according to a new survey. However, organizations need to continue to drive improvement in the implementation of their sustainability/CSR programs to ensure risks and compliance are managed, and brand reputation protected.
Topics: third party risk management, Responsible Sourcing, sustainability, csr, risk management, risk mitigation, board of directors, governance, procurement, corporate resonsibility, corporate social responsibility, compliance, brand reputation, ecovadis, hec, sustainable procurement, SP program, global supply chain, reputational risk, compliance risk, regulatory risk, suppliers
March 21, 2017 posted by Aravo
Boards of directors together with their C-suite teams have begun to realize just how little risk information they actually have about their third party relationships, and how fragmented that information can be across an organization of even a modest size.
Topics: Anti-bribery & Anti-corruption, risk and compliance, Financial Services, third party risk management, automotive, Aerospace & Defense, Chemicals, Industrial Manufacturing, Metals & Mining, business case, Business Services, Construction, High Technology, Pharmaceutical & Life Sciences, Retail, how to
February 07, 2017 posted by Aravo
8 reasons why anti-bribery & corruption compliance should be a focus for multinationals
If January is anything to go by, 2017 is set to be another year for headline-grabbing regulatory sanctions against organizations for bribery and corruption violations. The year has already seen significant enforcement activity on both sides of the Atlantic.
February 01, 2017 posted by Anna Mazzone
Why Global 2000 Companies Should Be Focused on Third Party Compliance
The European Union’s General Data Protection Regulation (GDPR), which takes effect on May 25, 2018, strengthens data privacy rights for EU citizens and gives regulatory authorities greater powers to take action against companies that breach the law.
December 07, 2016 posted by Kimberley Allan
France Adopts ABAC Laws and Joins Global Efforts at Combatting Corruption
France has the sixth largest economy in the world, but it has never prosecuted a French company for corruption in a foreign country. That work has been left to countries such as the United States, which fined French oil company Total $398 million for Anti-Bribery/Anti-Corruption (ABAC) violations in 2013 and the French power and transportation company Alstom $772 million for ABAC violations in 2015. The lack of anti-corruption scrutiny French companies received at home might explain why France ranks only 23rd in Transparency International’s Corruption Perceptions Index for 2015.