LAVANTE Recovery™
Strategic Recovery Auditing

Lavante Recovery:  On-Demand Recovery Auditing

Lavante’s unique, on-demand recovery solution leverages the power of our supplier network and automated communications to identify new opportunities and maximize recoveries across all ranks of you supplier population. Built with patented technology, our recovery application can serve as a standalone service or as a complement to the traditional recovery model by applying in-depth supplier insights to historical AP records. Lavante Recovery solves a range of challenges AP professional face on a daily benefit, including assuring that all available credits are recovered quickly, vendor records are always current, and that issues are identified throuigh root cause analysis to prevent future payment discrepancies and profit losses.

As covered below, Lavante Recovery provides:

> Click here to read the PayStream Advisors report detailing why a comprehensive statement audit is a best practice.	Lavante Recovery Maximizes Vendor Credit Recoveries Lavante Recovery enables companies to maximize vendor statement audit recoveries while gaining new supplier insights across 95% of spend. Where traditional, manual audit services stop at the top 10-20% of a company’s vendor list, Lavante benchmark data shows that the lower 80% of our client’s annual spend presents over 61% of the recovery opportunities. With Lavante’s automated process, we can easily maximize credit recoveries by reaching across the breadth of your company’s supplier base to deliver the highest volume of recoveries.
	Lavante Recovery Constantly Cleanses Vendor Data The Lavante Recovery process begins by connecting with the majority of your vendors which you have identified. With every connection made, vendor contact data — name, address, email, phone, etc. — is updated in the Lavante Supplier Network™, now over 2 million connections strong. Continuous updates across the network mean that our clients always have access to an updated vendor data file available.  A simple export of this data file can be leveraged in updating other enterprise systems, including ERP and CRM systems.
> Click here to see a few of Lavante’s web-based results dashboards and reports.	Lavante Recovery Delivers On-Demand Reporting A full range of reports are made available through Lavante’s easy-to-use web interface, giving users fingertip access to a real-time view of all recovery results, including total claims recovered by client-defined type, vendor compliance rates, duplicate vendor identification, and more. All documentation associated with recovery claims is also immediately accessible.
	Lavante Recovery Offers a Duplicate Payment Advantage Lavante is uniquely able to automatically leverage the statement auditing output to enhance the results of duplicate payment efforts. Where other firms rely on a traditional set of search algorithms to identify credit opportunities in the duplicate payment phase, Lavante uses its vendor file management output to discover relationships and duplicates throughout the entire supplier population. This new data is systematically folded into a duplicate payment search.  With Lavante, companies are no longer confined to a traditional search for duplicate payments per supplier, but are able to search across entire families of suppliers and across the unseen related vendors that populate their supplier database. Lavante’s leveraged review will always identify more credit opportunities while uncovering and preventing many of the issues that lead to duplicate payments in the first place.

Get Lavante Recovery Working For You Today

To find out how Lavante Recovery could help your company, contact us today to schedule a demo.  You can reach us via email at sales@lavante.com or by calling us 1-877-LAVANTE (1-877-528-2683).

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