Lavante and Basware Expand Multi-City Lunch & Learn Program Focused on Top Five Changes

New Events Added in St. Louis and Philadelphia to Discuss the Future of Accounts Payable

SAN JOSE, Calif. — November 9, 2011 — Lavante, the leading provider of on-demand supplier management solutions, including recovery auditing and supplier information management, and Basware, the leading provider of purchase-to-pay solutions, today announced that they will be offering “Lunch & Learn” presentations on “The Future of Accounts Payable” in St. Louis and Philadelphia this month. These highly interactive lunch events will provide attendees with insight into the top five changes coming to AP and how companies can embrace them for improved time savings and cost efficiencies.

The sessions will be held on Wednesday, November 16th in Philadelphia and Thursday, November 17th in St. Louis and will run for two hours between 11 a.m. and 1 p.m. local time. The content is based on a session presented at the Institute of Financial Operations’ (IFO) industry conference, Fusion 2011, in May, 2011.

“The joint seminar presented by Lavante & Basware, The Future of AP, was one of the most popular sessions at our national AP industry conference, Fusion 2011,” explained Tom Bohn, president of the Institute of Financial Operations. “The speakers detailed the five changes coming to our industry, receiving rave reviews from the standing-room only audience. The content was timely and provided valuable insight about how AP can become increasingly efficient and relevant in our challenging economic environment.”

Featured presenters from Lavante and Basware will discuss the top five changes that involve new processes, methodologies, technologies, and mindsets that will help drive manual labor out of the AP process while significantly improving accuracy and efficiency. Using ROI analysis and the latest market research, attendees will discover how to save time and decrease the cost of transactions. The sessions will be highly interactive, and encourage a lively discussion.

Presenters will share details on how to:

  • Identify the cost of incorrect data in your supplier population and how to keep this information current and correct
  • Lower your reliance on paper-based processes
  • Stay in compliance with external regulations (OFAC, TIN, Ins.)
  • Overcome challenges and barriers to your AP automation goals
  • Identify the benefits of automated workflows and electronic invoicing
  • Derive hard and soft savings from your P2P process

To register for the Philadelphia Lunch & Learn event, please visit: http://resources.lavante.com/lp-future-of-ap-philadelphia.html. To register for the St. Louis Lunch & Learn event, please visit: http://resources.lavante.com/lp-future-of-ap-st-louis.html.

About Lavante
Lavante is the leader in on-demand supplier management solutions, including recovery audit and supplier information management applications. Built with advanced, patented 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.

About Basware
Basware is the global leader in purchase-to-pay solutions with more than 1,000,000 users in over 60 countries. The Basware Open Network for e-invoice and purchase message transactions today connects more than 320,000 companies globally. With Basware, an organization can reduce the cost of buying and paying for goods and services and gain visibility and control of its entire spending process by automating manual processes, from sourcing, contract management, purchasing and supplier collaboration to invoice automation. Basware solutions and services enable a company to improve its cash position, optimize working capital and maximize the agility of its finance operation across the purchase-to-pay cycle. The solutions are distributed and implemented, either on site or as a service, in Europe, the U.S., and Asia-Pacific through an extensive network of Basware offices and business partners. The company’s U.S. business, Basware, Inc., is headquartered in Stamford, Conn. More information can be found at www.basware.com.