About Aprovall

Aprovall is a leading provider of third-party risk management solutions, empowering businesses and public institutions to address governance, risk management, and compliance challenges. With extensive expertise in supplier risk assessment, Aprovall helps organizations monitor, validate, and manage their supply chain by leveraging automation and data intelligence. Their platform currently tracks over 430,000 third parties across 140 countries, offering a high level of automation and customization to streamline compliance and risk mitigation.

The challenge

Aprovall’s clients face increasing regulatory scrutiny and are required to maintain a transparent, well-monitored supply chain. Businesses must identify and mitigate risks associated with third-party vendors, including financial instability, compliance violations, cybersecurity threats, and environmental, social, and governance (ESG) risks.

A key challenge was ensuring that clients could receive real-time updates on third-party risks without manually scanning through multiple data sources. Additionally, Aprovall needed a solution that provided early warning indicators to help organizations act proactively rather than reactively when potential risks emerge.

The solution

To address these challenges, Aprovall partnered with Owlin, an advanced AI-powered risk monitoring and analysis platform. Owlin integrates seamlessly with Aprovall’s system to provide a continuous, ‘outside-in’ view of third-party risks by scanning more than 3 million sources across multiple languages globally. This partnership enhances Aprovall’s capabilities by:

• Providing real-time risk alerts – Owlin delivers automated updates on key risk areas such as financial instability, compliance failures, cybersecurity threats, ESG concerns, and operational performance.
• Aggregating and analyzing diverse data sources – By leveraging AI, Owlin processes data from adverse media, consumer reviews, regulatory databases, and sanctions lists to provide a comprehensive risk overview.
• Enhancing compliance and decision-making – Aprovall’s clients benefit from a streamlined risk management process with actionable insights that help mitigate potential risks before they escalate.
• Supporting global operations – With monitoring across multiple languages and regions, businesses can maintain a clear oversight of their third-party ecosystem, ensuring compliance with local and international regulations.

The integration of Owlin into Aprovall’s platform has enabled businesses to:

• Improve supply chain transparency by continuously monitoring third-party risks.
• Reduce manual effort in scanning risk indicators across various sources.
• Enhance regulatory compliance with up-to-date insights and automated reporting.
• Make informed decisions faster, mitigating potential risks before they impact operations.

By combining Aprovall’s expertise in third-party risk assessment with Owlin’s cutting-edge AI-driven risk monitoring, this partnership equips businesses with the tools they need to navigate today’s complex regulatory and supply chain landscape effectively.