SAN FRANCISCO, March 23, 2020 /PRNewswire-PRWeb/ -- Aravo Solutions, a leader in third-party risk and performance management, has announced the availability of a subscription-free COVID-19 Business Impact Assessment. The SaaS application is pre-configured to let organizations quickly gather information from their third parties to assess their preparedness for the current pandemic and how that might impact their operations.
"In these unprecedented times, we are tested as people to maintain our values and continuously help each other while also maintaining focus on the tasks at hand," says David Rusher, Chief Customer Officer at Aravo. "Aravo Solutions was founded with the purpose of helping people around the world defeat some of society's greatest challenges, and in this challenging time, we are committed to living up to our core values and supporting the business community."
Aravo's COVID-19 Business Impact Assessment is an ultra-light version of Aravo for Third-Party Management Express that has been purpose-built for this rapid response situation. An alternative to juggling spreadsheets and manually tracking and reporting on responses, the application allows organizations to:
- Upload third-party and supplier details into a centralized system
- Activate a pre-defined COVID-19 impact assessment to third-parties from a secure environment
- Automate processes associated with collecting the assessments, including pre-configured emails, notifications, and reminders
- Assess and monitor third parties' response readiness and potential risk impact to business operations through included reporting.
In addition to greater efficiency, the COVID-19 Business Impact Assessment delivers the visibility organizations need for agile responsiveness to this evolving situation. All of the data related to third parties within the scope of COVID-19 impact assessment is stored in a centralized location, and stakeholders can view statuses individually or in aggregate. Users will be able to generate a robust report of the data using the included pre-configured report.
Unfortunately, there will likely be some people who will try to capitalize on the crisis and launch phishing or other scams, making security even more critical. By leveraging Aravo's secure environment, organizations can provide assurance that third parties and employees are interacting with a legitimate source.
Organizations do not have to be current Aravo customers to access the complimentary Aravo COVID-19 Business Impact Assessment, and there is no obligation for additional software purchase. Though purpose-built for rapid deployment with minimal support, Aravo COVID-19 Business Impact Assessment requires some setup and basic familiarization for maximum effectiveness. Aravo is charging a minimal one-time setup fee to enable our services team to provide the appropriate level of customer support. Aravo plans to continue to support the software without a subscription cost for as long as necessary to respond to the COVID-19 pandemic threat.
For additional information on Aravo COVID-19 Business Impact Assessment and how to request a free subscription, please visit: https://info.aravo.com/covid-19-solution-request
About Aravo
Aravo delivers market-leading solutions for understanding, managing, and mitigating the risks posed by third-party vendors and their engagements. Using Aravo, customers maintain a single, auditable inventory of all third-party relationships and can automate risk assessments, scoring, due diligence, continuous monitoring, issue management, and corrective actions.
Built on technology designed for usability, agility, and scale, Aravo supports complex custom-configured solutions used by many of the world's largest global brands as well as pre-configured applications that allow clients to stand up a best-practice program quickly and confidently.
Aravo's combination of award-winning technology and unrivalled domain expertise 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.
SOURCE Aravo Solutions
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