Lavante Recovery for Duplicate Payments
The Four-Step Process
Lavante is able to leverage our technology-enabled recovery processes to streamline and maximize the Duplicate Payment process. Our deep domain expertise in recovery audit best practices, together with our patented SaaS technology solution, allow us to deliver recovered dollars quickly and with minimal impact on your internal resources. The process and web portal give you full transparency into the results so you always have access to the recovery results, along with backup documentation.
Here’s the four-step Lavante Recovery for Duplicate Payments process:
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The Lavante Duplicate Payment team conducts discovery sessions together with the client to build a project plan specific to that company’s requirements. Items that are taken into consideration include: data collection, payment processes, AP systems (i.e. ERP upgrades etc.), and vendor files.
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After the data has been prepared it is deployed through the Lavante Recovery process, where client-specific routines and unique algorithms are applied. This process quickly identifies possible duplicate payments, which are then reviewed and processed by the audit team. Lavante’s automated processes seamlessly connect with vendors to collect, manage and track these claims which are finally reviewed and verified by the audit team.
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3.
VERIFIED CLAIMS
REVIEW
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All Lavante verified claims are made available to the client through the Lavante Recovery online portal. This user-friendly dashboard makes it easy to review the verified claims and related back-up documentations. Final approvals are made by a single click of the mouse.
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Lavante documents all findings in an End of Audit Report, which includes root cause analysis, recommendations for process improvements and benchmarking data.
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Download the Complete Datasheet PDF >>
