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.
McGlasson was instrumental in automating key financial activities, which drove money to the bottom line by providing insight into spend, uncovering potential discounts and recovering credits due to Omnicare from its suppliers. In addition to elevating the AP function to focus on more strategic processes, McGlasson has been working closely with other departments, such as Procurement, to more effectively manage the travel & expense (T&E) policy. She has streamlined AP processes by identifying pain points and bottlenecks, and implementing best practices.
“It is an honor to be chosen by IOMA’s Institute of Finance & Management for this award,” said McGlasson. “Automation has enabled us to work more efficiently and has freed up our AP professionals to focus on more strategic, value-added activities that can help our business, such as evaluating spend and identifying ways to save money.“
Key to McGlasson’s ability to improve the profitability of Omnicare was her implementation of Lavante’s solution, Lavante Recovery +, which enables Omnicare to identify hidden credits it is owed from its suppliers for a variety of reasons, such as duplicate payments, uncredited returns, or discounts.
“Tina McGlasson is the consummate AP pro and strategic leader,” said Joe Flynn, CEO & co-founder, Lavante. “She has elevated the AP function in her organization to focus on more strategic processes, inspires staff members, and collaborates across departments and outside the organization to mobilize everyone toward process improvement. We congratulate her on this well-deserved recognition from IOMA’s Institute of Finance & Management.”
About The IOFM Awards
The winners of IOFM’s AP Manager of the Year and AP Controller of the Year awards were announced on October 15th in Las Vegas at the 11th Annual Accounts Payable Conference and Expo presented by the Institute of Finance & Management (IOFM).
Competition for these awards was stiff as many nominations were submitted. The number of nominations submitted for 2012 greatly exceeded the number submitted in 2011, an indication of the increased awareness of the importance of recognizing outstanding performance in the field of Accounts Payable.
The IOFM is the leading source of information tools and resources for professionals across its focus areas. For over a quarter of a century, its newsletters, reference publications, online information services, and conferences have provided authoritative guidance to corporate managers across a wide range of disciplines.
Omnicare, Inc., a Fortune 400 company based in Cincinnati, Ohio, provides comprehensive pharmaceutical services to patients and providers across North America. As the market leader in professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other chronic care institutions, Omnicare leverages its unparalleled clinical insight into the geriatric market along with some of the industry's most innovative technological capabilities to the benefit of its long-term care customers. Omnicare also provides key commercialization services for the bio-pharmaceutical industry and end-of-life disease management through its Specialty Care Group. For more information, visit http://www.omnicare.com.
Lavante is the leader in on-demand supplier management solutions, including recovery audit and 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.