LAVANTE SIM

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.

 

                

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Drive compliance & insight across the supplier lifecycle:

  • Core Supplier Data
  • Tax Information 
  • Ownership & Diversity
  • Supplier Classification 
  • Insurance & Risk 
  • Financial Information 
  • Contract Information

 

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
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Related Products

Lavante Recovery – On-Demand Recovery Auditing, enabling companies to maximize vendor statement audit recoveries and supplier insights across 95% of spend
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Lavante TIN Management – On-Demand TIN Collection and Management, enabling companies to drive corporate compliance with tax legislation and changes
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Lavante Connect – On-Demand Communication Platform for connecting companies and suppliers, driving the highest supplier compliance in the industry
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