SOURCE: Aravo Solutions

February 13, 2007 09:43 ET

Aravo Launches Supplier Information Management 4.0

New Product Delivers Massive Time and Cost Savings for Global Enterprises

SAN FRANCISCO, CA -- (MARKET WIRE) -- February 13, 2007 -- Aravo Solutions, the market leader in OnDemand supplier management solutions, today announced that it has launched Aravo Supplier Information Management 4.0. The SIM 4.0 product is live and currently being used by Fortune 500 companies, government agencies, and leading services firms such as Accenture and IBM.

Aravo SIM 4.0 is the market's first dedicated platform for the enablement and management of a broad range of supplier information types feeding multiple enterprise systems (ERP, SRM, eProcurement, purchasing, etc). Through deploying Aravo SIM 4.0, enterprises are able to distribute responsibility for the creation and maintenance of virtually any supplier information type (profile, content, financial, diversity, etc.) to their suppliers while retaining strict internal controls, including the ability to validate, approve and disseminate supplier data to multiple internal systems. By using Aravo SIM 4.0 companies will not only realize increased savings and ROI from enterprise systems relying on accurate supplier master data, but also ensure compliance with global risk management strategies.

"Obtaining complete supplier information and keeping it up to date across their enterprise systems is becoming an increasingly important issue for our clients," said Tig Gilliam, Global Supply Chain Management Leader for IBM Global Business Services. "Governmental regulations and M&A activity are some of the drivers behind the ever-increasing sense of urgency on this topic. While we work with many supplier-facing systems, Aravo has filled a blind spot for both technology and service firms around supplier information collection and management."

Clean, accurate, maintained supplier information is vital to the success of today's enterprises. Inaccurate supplier data leads to erroneous transactions, poor decision support and poor adoption of business systems within an organization, driving up operational costs and leading to loss of revenue. According to AMR Research, more than 50% of help desk calls can be traced to inaccurate master data in business systems. A recent Gartner study estimates that by year-end 2008, at least two-thirds of financial audits will comment on supplier data accuracy and request improvements.

Aravo SIM 4.0 provides a process-based framework that enables multiple parties -- buyers, suppliers, and services firms -- to work collaboratively to create and maintain accurate supplier data. The solution allows enterprises to rapidly transform how supplier information is enabled and managed, both inside and outside their corporate firewalls, leading to the creation of a strategic asset that can be leveraged across the organization: clean, validated supplier information. Further, Aravo SIM 4.0 provides a solution for ongoing maintenance of supplier data including tools such as schedule- and expiration-based updates of supplier data to ensure that data quality does not decay over time.

"Chief Procurement Officers want greater visibility and control over their supply base," said Vance Checketts, Vice President of Global Supply Management Research at Aberdeen Group. "As a result, they have launched multiple initiatives over the years, including strategic sourcing, spend analysis, eProcurement and ePayables. An important and often missing link is accurate supplier data, and this is where Aravo fills a critical need by allowing enterprises to target and capture supplier information across all business functions and feed multiple internal systems."

About Aravo

Aravo has built the market's leading Supplier Information Management solution. The software is used to rapidly and accurately enable and maintain supplier information and content within enterprise supply chain systems. The world's leading services firms use Aravo, including Accenture and IBM. Aravo is headquartered in San Francisco, California.

For more information, please visit www.aravo.com.

Contact Information

  • Public Relations Contact:
    Jim Shissler
    Aravo Solutions PR
    415-341-5674
    Email Contact