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What is Riskpro?

Third-party risk management (TPRM) establishes a comprehensive framework to assess and reduce the risks organizations encounter through their relationships with external entities. These external entities typically encompass vendors, clients, joint ventures, counterparties, and other related parties. Partnering with third parties can lead to significant enterprise risks, particularly as the number of collaborations grows, regulatory oversight intensifies, and the complexity of cyber threats increases. Consequently, organizations are placing greater emphasis and resources on understanding and addressing the potential dangers linked to these third-party connections. Although such affiliations can foster agility and competitiveness in the global marketplace, they also allow companies to delegate essential functions, enabling them to focus on their primary competencies. Nonetheless, the benefits associated with third parties are accompanied by substantial risks, including the threat of cyberattacks, interruptions to business continuity, and potential harm to reputation, all of which can critically affect a company's overall viability. Therefore, it has become vital for businesses to strike a careful balance between the advantages and hazards of third-party relationships to ensure effective enterprise risk management. In this evolving landscape, organizations must remain vigilant and proactive in their risk assessments to safeguard their interests and sustain long-term success.

What is Aravo?

Leverage the power of Aravo's flexible and all-encompassing workflow automation, coupled with AI-powered decision support, to navigate the complexities of today's dynamic business and regulatory environment. Built upon our award-winning SaaS platform, we empower you to remain agile amidst rapid changes. Whether you are moving away from traditional spreadsheets and need a swift, reliable program setup, or you are in search of a customized solution that fits your specific third-party governance requirements, our offerings are designed to perfectly match your program's maturity, scale, and financial constraints. Benefit from our vast experience in successfully rolling out third-party risk management initiatives for many renowned global companies. Our industry-leading services encompass supplier risk and performance, third-party oversight, and IT vendor risk management, reinforcing our position as a preferred choice in the market. By harnessing our knowledge, you can strengthen your operational resilience, secure compliance, and thrive in a landscape that is becoming increasingly intricate. As you engage with us, you'll discover innovative pathways to effectively manage risks while maintaining your competitive edge.

Media

Media

Integrations Supported

Blue Umbrella Status

Integrations Supported

Blue Umbrella Status

API Availability

Has API

API Availability

Has API

Pricing Information

$750 per year
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Riskpro India

Date Founded

2011

Company Location

India

Company Website

www.riskpro.in

Company Facts

Organization Name

Aravo Solutions

Date Founded

2000

Company Location

United States

Company Website

www.aravo.com

Categories and Features

GRC

Auditing
Disaster Recovery
Environmental Compliance
IT Risk Management
Incident Management
Internal Controls Management
Operational Risk Management
Policy Management

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

Categories and Features

GDPR Compliance

Access Control
Consent Management
Data Mapping
Incident Management
PIA / DPIA
Policy Management
Risk Management
Sensitive Data Identification

Supply Chain Management

Demand Planning
Electronic Data Interchange
Import / Export Management
Inventory Management
Order Fulfillment
Order Management
Sales & Operations Planning
Shipping Management
Supplier Management
Transportation Management
Warehouse Management

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

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