San Francisco—May 30, 2013—Aravo Solutions Inc., a provider of cloud-based Supplier Lifecycle Management (SLM) solutions and services, and IASTA, a provider of strategic sourcing and spend management solutions, entered into a partnership to jointly deliver best-in-class sourcing and vendor management (SVM). Through this partnership, companies can manage the entire end-to-end supplier lifecycle as part of their mission-critical supply processes including sourcing; contracting; enablement; performance; risk and compliance management; and analytics.
“This is an exciting relationship for IASTA,” said David Bush, Chief Executive Officer for IASTA. “As the leader in sourcing and spend analytics solutions, we understand the critical need for effective supplier management and supply chain risk and compliance solutions and services. Aravo provides those capabilities and allows us to continue leading our industry by delivering the most comprehensive suite of solutions and services in the market today.”
The addition of IASTA's spend analytics and sourcing management solutions to Aravo's comprehensive SLM solution footprint closes the loop on end-to-end supplier management processes. With IASTA, Aravo Spend Visibility will collect, cleanse, classify and analyze large amounts of spend data from across a client's entire organization. As a result, Aravo's customers can leverage accurate spend analysis and management to dramatically boost the bottom line, improve supplier performance, and mitigate supply chain risk.
Aravo will provide robust SLM and Supplier Risk Services capabilities to IASTA to reduce customers' sourcing and supplier validation cycle times; speed time to market for new products; drive competitive advantage; and lower the cost of managing supplier and third-party intermediary management costs. With the integration of Aravo's validated supplier information and risk and compliance management insights into the IASTA SmartAnalytics suite, customers will achieve 360-degree spend visibility to track and optimize supplier risk and performance.
“Our partnership with IASTA rounds out Aravo's ability to deliver a complete set of end-to-end SVM solutions and services to our customers,” said Michael Saracini, Chief Executive Officer, Aravo Solutions Inc. “No other SVM offering available delivers the combination of domain experience, features and business process best practices that Aravo and IASTA bring to the table.”
The combined offering represents a complete solution for managing strategic supply; contract management; executive analytics; and supplier lifecycle management processes and services across the extended enterprise.