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Aravo vs. Bitsight Third-Party Risk Management

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    Overview
    ProductRatingMost Used ByProduct SummaryStarting Price

    Aravo

    Score8 out of 10
    N/AAravo Solutions headquartered in San Francisco offers cloud-based solutions for managing third party governance, risk, compliance and performance. Their goal is to help companies protect their business value and reputation by managing the risks associated with third parties and suppliers, and to build business value by ensuring that their third party relationships are optimized.N/A

    Bitsight Third-Party Risk Management

    Score7.8 out of 10
    N/ABitsight provides comprehensive, AI-accelerated visibility into your vendors, assets, and digital footprint of every third party (and beyond) in your network, whether you work with them directly or indirectly.N/A
    Pricing
    AravoBitsight Third-Party Risk Management
    Editions & Modules
    No answers on this topic
    No answers on this topic
    Offerings
    Pricing Offerings
    AravoBitsight Third-Party Risk Management
    Free Trial
    NoNo
    Free/Freemium Version
    NoNo
    Premium Consulting/Integration Services
    NoNo
    Entry-level Setup FeeNo setup feeNo setup fee
    Additional Details——
    More Pricing Information
    User Ratings
    AravoBitsight Third-Party Risk Management
    Likelihood to Recommend
    8.0
    (1 ratings)
    8.0
    (2 ratings)
    Usability
    8.0
    (1 ratings)
    8.0
    (1 ratings)
    User Testimonials
    AravoBitsight Third-Party Risk Management
    Likelihood to Recommend
    Aravo Solutions
    Aravo is an excellent option to keep track of suppliers, make sure they go through the necessary flow to comply with IT and regulatory requirements. It is an easy way to keep a record of suppliers which is evidence to help us in this regulatory compliance process and as a evidence for internal/external audits.
    Incentivized
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    Bitsight Technologies
    If you are considering BitSight Security Ratings as a portion or bulk of a larger vendor management project you will be well served in letting the risk scores be an indication of how closely you need to examine a vendor. However, you should not base your assessment solely on the risk score provided. The risk score is based on publicly available data and can be inaccurate.
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    Pros
    Aravo Solutions
    No answers on this topic
    Bitsight Technologies
    • Security hygiene tracking over time
    • Understandable risk score based on observations
    • Predictability model of potential cyber security issues based on security habits.
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    Cons
    Aravo Solutions
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    Bitsight Technologies
    • Since data is based on public registration IP and domain data can be stale depending on ISP/Domain registration update delays.
    • Correcting a false detection is a month-long endeavor and requires the company with the impacted score to clean up BitSight's data.
    • Customer service for incorrect data is convoluted and requires a deep understanding of domain registration to correct the data. The responsibility for correcting data is placed solely on the customer's shoulders.
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    Usability
    Aravo Solutions
    It is an excellent tool for supplier management, from selection, evaluation, control and improvement of suppliers. It is easy for suppliers to integrate their information and it can be linked to the company's information, it remains registered, and it is easy to modify it according to all of the company's requirements.
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    Bitsight Technologies
    Great look and feel, intuitive in most modules, and has great features to gather the right info and process it at high speed. Good and usefull dashboards for our own, and has also proved to be very good when you are on the vendor side of the solution and need to send info to your customers
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    Alternatives Considered
    Aravo Solutions
    No answers on this topic
    Bitsight Technologies
    We evalauted Security Scorecard as another option at some point, the tools have many similar features when we analyze them, basically we had a great deal with our regular security partners and finally decided for Bitsight, but to be honest we did not have a deep proof of concept on other platforms, Bitsight was just what we were looking for.
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    Return on Investment
    Aravo Solutions
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    Bitsight Technologies
    • Wasted resource hours cleaning up data to correct erroneous risk score.
    • Extra time spent addressing calls from clients about erroneous risk score data.
    • Extra time validating risk score provided by BitSight Security Ratings for potential vendors to ensure valid data.
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    ScreenShots