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.”
Best “Completeness of Offering” in the third party risk management space
Aravo was also recognized as having the best ‘completeness of offering’ of any provider in the third party risk management space. Completeness of offering was assessed on depth and breadth of functionality across third party validation and verification; data collection and management (including management of internal and external data); third party coverage; third-party risk assessment (including risk scoring); significant event monitoring and notification (including real-time/daily monitoring/notification); and audit trail documentation.
In Chartis’s assessment, Aravo was also noted for its: track record of delivering successful third party risk management solutions; post-sales implementation and support capabilities; strategy for and investment in research and development related to third party risk management; domain knowledge and thought leadership regarding third party risk management; and scalability of business model.
Independent research on the TPRM landscape and leading practices
On the back of this recognition, Chartis Research has produced an in-depth analysis of Aravo’s solution within the context of the third party risk management landscape. If you are in the process of considering technology options for third party risk, this independent research should factor into your vendor selection process. It provides expert analyst assessments of the third party risk management space, including:
- The RiskTech Quadrant®for Third Party Risk Management Systems 2017 – an important tool for companies who are assessing their own third party risk management technology requirements.
- Leading practices from Aravo – learn more about the key points of differentiation that the analysts considered set Aravo apart.
- A detailed overview of best practice approaches and capabilities that you will require to support complex and dynamic third party risk programs.
- Third party risk management market context, including both a demand side and supply side analysis.