Aravo Solutions, a provider of on-demand supplier information management (SIM) software and services, has created Aravo Risk. The new application, delivered under a software-as-a-service (SaaS) model, allows users to measure customized risk metrics for their suppliers, monitor risk indicators via automated alerts and a real-time executive dashboard, and mitigate supplier failures by triggering automated workflows and enabling contingency planning. Aravo Risk automates key business processes for managing supplier risk, including comprehensive risk evaluations and ratings, supplier financial viability and credit monitoring, automated business continuity and contingency planning, regulatory compliance and geopolitical risk management.
Aravo Solutions