AP Case Study

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Case studies that focus on improving AP process.

“The Cabin” – A Fable about Data Quality and Procure-to-Pay

Have you heard the old riddle about the cabin in the woods? It goes like this:  You are alone walking through the woods and you spot a cabin in a clearing up ahead. You are tired, cold and hungry and it is getting dark.   You do not see or hear anyone in the cabin and [...]

MGM Resorts Executive Named Controller of the Year by the Institute of Finance and Management

Lavante is the leader in on-demand supplier management solutions, including recovery auditand supplier information management applications. Built with advanced, patented-pending technology, Lavante delivers to the financial arena a new standard in efficient technology-driven solutions that allow companies to quickly drive dollars to the bottom line, improve supplier communications, and assure high supplier data quality. Lavante solutions are deployed across Fortune 1000 enterprises including the hospitality, retail, entertainment, manufacturing, and medical industries. Headquartered in San Jose, California, Lavante is privately held and was founded in 2001. For more information please visit www.lavante.com.

By | November 28th, 2012|Categories: Industry Associations, AP Industry, AP Case Study, IOFM, Controller of the Year|Tags: , , |Comments Off on MGM Resorts Executive Named Controller of the Year by the Institute of Finance and Management

Omnicare Executive Named AP Manager of the Year by the Institute of Finance Management

Lavante, a key provider of supplier management solutions, announced today that Tina McGlasson, Director of Accounts Payable (AP) at Omnicare, a nationwide provider of pharmaceutical services and a valued customer of Lavante, has been selected as AP Manager of the Year by the IOMAs Institute of Finance & Management (IOFM), a leading industry association for finance professionals. McGlasson was selected for her strategic approach to AP, her focus on continuous improvement and her ability to collaborate across departments to increase the value that AP delivers to the overall organization.

By | November 21st, 2012|Categories: AP Industry, AP Case Study, AP Technology Innovation, IOFM, AP Manager of the Year|Tags: , , |Comments Off on Omnicare Executive Named AP Manager of the Year by the Institute of Finance Management

A Leading Healthcare Provider Recovers $300,000 in Lost Credits Thanks to a Lavante Recovery Process

Earlier this year, Lavante Recovery+ worked to return over $300,000 to one of its clients through its automated recovery processes. The credit that was discovered through the Lavante Recovery+ process was over two years old, and was discovered only after Lavante processes updated the supplier information to request the statement. The credit was quickly identified and verified, and returned to the client. Read more about how this process took place.

How One Healthcare Provider Applied Lavante to Clean Up Vendor File and Drive Recovery Dollars – Recapping a Recent Industry Conference Session

Last month at the IFO’s HPAS conference I had the pleasure of co-presenting a session with Jennifer Barnett, former AP Manager of Summa Health and current AP Manager for Walmart Foundation.  The session, entitled Moving Beyond Manual Processes to Improve AP Efficiencies, focused on how while at Summa Health, Jennifer had worked to move away [...]

Benefiting from a Prescription for Clean Data: A Case Study

A recent case study developed by Spend Matters details  how a North American and global procurement organization for a top five pharmaceutical company applied a defined exercise and solution implementation from Lavante to discover where it had excess risk exposure, lack of policy compliance, over payments and other cost driving issues. The procurement organization, which [...]