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LAVANTE SIM™
Supplier Information Management
Optimizing supplier relationships and ERP system effectiveness
Well-maintained supplier data drives system effectiveness, time and resource savings, as well as dollars to the bottom line. Large volumes of data across multiple systems and departments, as well as data decay are significant challenges to maintaining integrity of supplier data. Up-to-date supplier information is more important than ever in maintaining compliance with regulations and controls, such as OFAC screening, diversity tracking and new tax legislation.
Lavante SIM: On-demand Supplier Information Management
Lavante SIM is the industry’s most advanced Supplier Information Management application, enabling companies to proactively communicate with suppliers and gain real-time visibility into suppliers and relationships. Lavante SIM drives supplier compliance across the entire supplier lifecycle–from initial vendor master file cleansing, to on-boarding, to ongoing maintenance. Lavante SIM automates the collection and validation of tax information (including TINs, W-9s and W-8s), diversity information, certifications, and more.
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Create an enterprise-wide single source of truth for supplier data:
- Ensure integrity 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?
- The Highest Supplier Compliance: 8X results of alternative methods
- Ongoing Communication: Drives supplier participation and quality of data
- Funded by Recovery: Works seamlessly with Lavante Recovery
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