Supplier Information Management
Optimizing supplier relationships and ERP system effectiveness
Accurate supplier data drives system effectiveness and saves time, resource, and dollars. Large volumes of data across multiple systems and departments, along with data decay are challenges to maintaining quality supplier data. Up-to-date supplier information is critical for compliance with regulations and controls, such as OFAC screening, diversity tracking, and new tax legislation.
Lavante SIM: On-Demand Supplier Information Management
Lavante SIM enables companies to proactively communicate with suppliers and gain real-time visibility into suppliers and relationships. Lavante SIM drives compliance across the supplier lifecycle–from initial vendor master file cleansing, to on-boarding, to ongoing maintenance.
Drive compliance & insight across the supplier lifecycle:
Create an enterprise-wide single source of truth for supplier data:
- Ensure quality of supplier data
- Gain insight into your suppliers and relationships
- Drive compliance with regulations and internal controls
- Drive corporate compliance with new 1099 Tax Legislation
- Reduce supplier risk
- Reduce cost of managing supplier information
Why Lavante SIM?
- Quick Time to Value: On-demand, "out-of-the-box" with immediate results
- The Highest Supplier Compliance: 8X results of alternative solutions
- Ongoing Communication: Drives supplier participation and data quality
- Funded by Recovery: Works seamlessly with Lavante Recovery
Lavante Recovery – On-Demand Recovery Auditing, enabling companies to maximize vendor statement audit recoveries and supplier insights across 95% of spend
Lavante TIN Management – On-Demand TIN Collection and Management, enabling companies to drive corporate compliance with tax legislation and changes
Lavante Connect – On-Demand Communication Platform for connecting companies and suppliers, driving the highest supplier compliance in the industry
Latest SIM Topics from the Lavante Blog - The HUB
- Supplier Information management Spotlighted by the Sourcing Innovation blog
Lavante Connect is one of the more powerful, and more streamlined, supplier information self-management solutions on the market. In the Lavante...
- Ask The Experts
Lavante has created the Ask the Experts resource page to provide a place where the AP & Procurement community can access direct links to support...
- Benefits of Supplier Master Data Management | MDM Systems
Large Data systems these days depend on the quality of data we feed them. Optimizing supplier relationships and ERP system effectiveness ultimately...
- Vendor File Management | Collect W9 | OFAC Screening | Insurance Certification Collection | Diversity Tracking | Supplier Onboarding | USPS Validation
Join CEO, Joe Flynn of Lavante as he interviews both Jeff Ulanoski, former Rite Aid Director of AP and Jeff Wiest, former AP Manager at Tyco...
- Automatically Requesting and Collecting Certificates of Insurance from your Suppliers
Requesting, collecting and managing the expiration of insurance certificates is an important process for any organization. Lavante SIM has the ability...