LOGIN CONTACT Products Capabilities Resources Pricing Customers About Us Request Demo Artificial Intelligence Apply the power of machine learning and natural language processing for intelligent automation, decision-support, and prediction across the third-party lifecycle. From onboarding through continuous monitoring, achieving program agility is a challenge when users are overwhelmed with data and tedious manual processes. Business rules and mathematical calculations can reduce the burden though automation, but they can often require a lot of time and resources, which are often scarce in TPRM programs. Aravo AI is a machine learning/natural language processing tool that leverages neural networks to “learn” the underlying business rules of your organization without an explicit business model and can be applied to practically any activity in Aravo where a user must make a decision based on a given set of data. Download Datasheet Risk Management Process Risk Management Lifecycle Vendor Intake and Scoping Vendor Due Diligence Vendor Onboarding Continuous Monitoring Vendor Contracts Management Vendor Performance Management Issue Management and Remediation Vendor Termination and Offboarding Artificial Intelligence GRC Software Benefits Analyze vast amounts of data Even with highly automated systems, TPRM teams can often be overwhelmed with the amount of data they have to manage, from assessments and related documents, to continuous monitoring data, to external risk intelligence data. The sheer volume of data increases the risk of human error, such as missing important details or subtle changes that can be detected by a machine learning engine. Increase confidence in decision-making By supporting and validating decision-making processes, machine learning instills more faith in the decision-making expertise of the first line of defense (the risk owner) and the second line of defense (the risk expert). That confidence, in turn, improves the activities of the third line of defense (audit). Efficiently scale your program Growing reliance on third parties, increasing and evolving regulations, and increased C-level/board focus on risks like cybersecurity and supply chain resilience increase the pressure on TPRM programs despite the fact that that the majority of programs don’t feel they are adequately resourced. AI can help teams work more efficiently and scale their programs to meet these demands with greater quality and fewer mistakes. Adhere to organizational standards Because Aravo’s practical AI approach uses your organization’s decisions to train the system, your organizational expertise is trained into the system. There are systems that attempt to use aggregated data from a buyer community to train machine learning, but TPRM is not a use case that is suited to a one-size-fits-all approach. Our Expertise Expertise Who We Help Customers Ready to get started? Schedule a Personalized Demo First Name* Last Name* Email* Phone Number* Job Title* Company Name* Country / Region* I agree to receive communications from Aravo Solutions. I understand that Aravo emails provide a link to unsubscribe and a link to manage communication preferences.* The Definition of Better Business Better business is built on acting with integrity. It commands better performance, delivering better efficiency, collaboration, and financial outcomes. It inspires trust. But better business is more than that – it’s about lifting the ethical standard of an entire business ecosystem to build a better world. Capabilities Expertise Customers About us Blog Events and Webinars News Resources Pricing Glossary Regulations Contact Us Products Third Party Management Express Standard Advanced ABAC Compliance Data Privacy GDPR Compliance Financial Services Performance Management Information Security ESG Supply Chain Resilience Customer Defined Assessments Connectors Risk Intelligence Integration Framework Industries Financial Services Insurance Pharmaceutical & Life Sciences High Tech Consumer Goods Manufacturing Automotive Oil & Gas Gaming Aerospace & Defense Business Services Mining Capabilities Risk Management Lifecycle Vendor Intake and Scoping Vendor Due Diligence Vendor Onboarding Continuous Monitoring Vendor Contracts Management Vendor Performance Management Issue Management and Remediation Vendor Termination and Offboarding Artificial Intelligence GRC Software © 2000 - 2021 Aravo Solutions, Inc. All rights reserved. Privacy Policy