Tim Albinson Insights

 By Tim Albinson , Founder of Aravo Solutions When I founded Aravo Solutions, the concept of third-party risk management (TPRM) was still a niche concern, mostly confined to compliance teams and procurement departments. Few companies had a clear strategy for managing vendor risks, and even fewer saw it as a strategic priority. That has changed—dramatically. Today, third-party risk sits at the intersection of some of the most urgent challenges facing global enterprises: geopolitical instability, cyber threats, regulatory scrutiny, ESG accountability, and supply chain fragility. Risk isn’t just something that happens to a company—it’s something that flows through it. And third parties are often the channel.   What was once a back-office function is now a boardroom conversation.   Why Third-Party Risk Has Moved to Center Stage The complexity of today’s supply and service ecosystems is unprecedented. A single company might have thousands—or tens of thousands—of third parties ...

  By Tim Albinson , Chairman of the Board, Aravo Solutions In today’s interconnected global economy, no enterprise operates in isolation. Whether it’s cloud service providers, supply chain vendors, consultants, or software platforms, third-party relationships are now foundational to business operations. While these partnerships offer efficiency, innovation, and scalability, they also introduce new layers of risk — cyber threats, compliance failures, operational disruptions, and reputational damage. As the founder of a third-party risk management (TPRM) software company (Aravo), I’ve had the privilege of working closely with some of the world’s largest and most innovative enterprises. What’s clear is this: without a proactive and dynamic approach to third-party risk, companies are leaving themselves dangerously exposed. The Expanding Risk Landscape The shift to digital-first business models has accelerated the reliance on external vendors. Each integration point — whether a SaaS to...