Aravo Solutions

🤖 AI in third-party risk management TPRM is not Data from Star Trek. 🏴☠️ It is more like Jack Sparrow (analogy borrowed from my friend Tony Martin-Vegue in his new book from Heatmaps to Histograms) . . . Creative. Resourceful. Sometimes brilliant. But left alone, it may go on its own adventure. That was one of the analogies I shared this week at Aravo Solutions ASCEND London, where I joined Dave Rusher, Adelani Adesida, and Mike Day for a panel on: AI, Risk & Trust: How Leaders Are Actually Using AI in TPRM Today The discussion was grounded in reality, not hype. Organizations are exploring AI for supplier questionnaires, document ingestion, adverse media review, continuous monitoring, third-party intelligence, and risk assessment. But the biggest message from the room was clear: ⚠️ AI is only as good as the data, governance, and business context beneath it. Too many organizations want to start with the roof before they have built the foundation. TPRM data is often fragmented across procurement, legal, compliance, cyber, privacy, finance, ESG, resilience, and business operations. AI can help harmonize this information, but it cannot magically fix poor data, unclear ownership, weak processes, or undefined objectives. The real opportunity is not simply faster questionnaires. It is moving TPRM from a handbrake to a navigation system for the extended enterprise. 🧭 The future of third-party risk is forward-looking: 🧭 Continuous monitoring 🧭 Risk intelligence orchestration 🧭 Digital twins of the supply chain 🧭 Scenario modeling 🧭 Resilience planning 🧭 AI-enabled systems of intelligence and action Risk management is the effect of uncertainty on objectives. Most TPRM programs fail when they lose sight of the objectives: the business objective, the relationship objective, and the resilience objective. I wrote a fuller article reflecting on my involvement at Aravo ASCEND London and the future of AI, risk, and trust in third-party risk management. 👇👇👇 Read the article linked below 👇👇👇 💬 Have a question? Ask GRC 20/20 Research . . . ___________ 🪐 GRC 20/20 Research maps the expanding GRC galaxy helping organizations find the right-fit GRC technologies and professional services 📡 Follow GRC Report for global news and expert insights on governance, risk management, and compliance 🎙️ Listen to the Risk Is Our Business Podcast and Hitchhiker's Guide to the GRC Technology Galaxy Podcast.

One week until our next Demo Day! Join us on Wednesday, May 13th, at 9 AM CT for an exclusive virtual event, where you can explore innovative solutions from these leading TPRM Service Providers in 25-minute sessions! RiskRecon by Mastercard | Risk Rating/Intelligence | 9:00-9:25 AM CT Lema AI | TPRM Platform | 9:30-9:55 AM CT Certa.ai | TPRM Platform | 10:00-10:25 AM CT Aravo Solutions | TPRM Platform | 10:30-10:55 AM CT OneTrust | TPRM Platform | 11:00-11:25 AM CT Coverbase | TPRM Platform | 11:30-11:55 AM CT Bitsight | TPRM Platform | 1:00-1:25 PM CT Supply Wisdom | Risk Rating/Intelligence | 1:30-1:55 PM CT Safe Security | TPRM Platform | 2:00-2:25 PM CT tekrisq | TPRM Platform | 2:30-2:55 PM CT What can you expect from a Demo Day? ✅ Explore innovative solutions from leading TPRM Service Providers ✅ Experience 25-minute interactive product demos ✅ Gain insights into cutting-edge tools and technologies ✅ Connect with vendors and ask questions ✅ Compare platforms to find the perfect fit for your organization Don't miss this opportunity to stay ahead in the evolving landscape of third party risk management. 📌 Register here: https://lnkd.in/g7jyd35a Learn more 🔗 https://lnkd.in/eeuMmepy #TPRM #ThirdPartyRisk #DemoDays

Ransomware isn’t just hitting manufacturing, it’s targeting it. As Eric Hensley of Aravo Solutions explains, modern manufacturing’s connected ecosystem creates opportunity but also exposure. Without stronger third-party risk management, breaches will keep accelerating. #Cybersecurity #Manufacturing #Ransomware #SupplyChain #RiskManagement #Industry40 Full story: https://lnkd.in/gvBpaynn

We are proud to formally announce the formation of the TPRM Service Provider Advisory Council! This collaborative industry initiative brings together leading service providers to address the evolving needs of TPRM practitioners. We’d like to thank the following organizations for being leaders of change and champions of collaboration through their participation in this group over the last year: • Aravo Solutions • Bitsight • Certa.ai • Drata • ProcessUnity • RiskRecon by Mastercard • SecurityScorecard • Vanta By fostering open dialogue and aligning around common challenges, this group serves as a trusted industry voice, ensuring practitioners have the tools and guidance needed to navigate third party risk with confidence. But that’s not all... Over the past year, they’ve been quietly working behind the scenes on something important for the future of third party risk management, the Standard Trust Portal Guidance for Third Party Risk Management (TPRM). Designed to unify how organizations demonstrate security, compliance, privacy, and governance maturity, the guidance provides a standardized framework for building and managing trust portals, which are centralized hubs for evidence sharing and transparency between organizations and their third parties. 👉 This resource is in DRAFT and open for comment on the TPRA site until July 3rd: https://lnkd.in/gmbyEaK9 We couldn’t be happier to work with such an insightful and dedicated group of TPRM professionals, and look forward to all the awesome things we’ll create together. #TPRM #ThirdPartyRisk #DueDiligence #IndustryCollaboration #TPRMServiceProviderAdvisoryCouncil