Aravo Content

Supplier Management Musings: Technology Requires Change Management — Aravo, SEC Regulations, Dodd-Frank, MDM and More (Part 2) [Plus+]

SIM, done right, is anything but vendor management set in concrete. It’s malleable. It can evolve with regulatory regulations and compliance needs. It can incorporate the ability to manage supplier information on a multi-tier level. If you’re looking for a quick patch to Dodd-Frank or FCPA, perhaps you might be able to adopt a band-aid type solution. But such a model is not an extensible approach, whereas SIM can grow with your organization just as core financials within ERP can grow to add new P&Ls and business lines.

Supplier Management Musings: Technology Requires Change Management — Aravo, SEC Regulations, Dodd-Frank, MDM and More (Part 1) [Plus+]

Advanced SIM solutions, including Aravo’s, go beyond supplier onboarding and also address broader supplier risk management, reporting, and integration capabilities for Master Data Management (MDM) initiatives and far more. Aravo’s SLM solution (as all on-demand/SaaS/cloud solutions delivered remotely over the web fundamentally must be to stay relevant) is fully enabled to incorporate (i.e., integrate) data from ERP, P2P, performance management, contract management, legacy and other systems that either gather or consume data tied to vendor activities.