Yearly Archives: 2011

/2011

Lavante is Pleased to Welcome Lennox Industries as a New Lavante Recovery User

Earlier this month we announced the addition of a new Lavante Recovery™ customer, Lennox Industries.  I’d like to share with you some of the compelling reasons why they chose our solution over other traditional, manual services.  Not only do these reflect what I see as the key strengths of our technology-driven recovery solution, but they [...]

Global Cruise Line Uses Lavante to Maximize Recovery Efforts

As part of a larger report published by PayStream advisors earlier this year, PayStream also interviewed a Lavante customer to verify the comprehensive statement audit best practice approach covered in the paper. The findings of this interview are now available, which validates Lavante’s approach to applying technology to help our clients drive a continuous stream [...]

The Connections Between Accurate Supplier Data and High Recovery Credits Discussed in Sourcing Innovation Blog by Michael Lamoureux

Earlier this month, Michael Lamoureux, better known as “the Doctor”, posted two very informative blogs on Sourcing Innovation, focused on the process of statement side recovery benefits.  His initial entry, Recovery Audits – Are they Worth It, argues that indeed, with the right technology, the money recovered is significant.  He states:  “… using technology and [...]

Lavante Panel Prompts Lively Discussion Centered on Statement Audits & Supplier Portals at the IFO Toronto Conference

Earlier this month it was my pleasure to moderate a very lively and insightful panel at the Institute of Financial Operations' conference in Toronto, Canada. Lavante hosted the panel discussion, bringing together leaders from the AP community representing The Four Seasons Hotels & Resorts, Lafarge North America, RIM, and Telus. Panelists focused on Transforming AP [...]

Creative Credits – Ways Suppliers Use Your Credits in Unusual Ways to Their Benefit

Does your company have a policy against paying finance charges?  Do you know if suppliers apply credits to unrelated invoices?  Unless you are using a technology-driven statement audit recovery process, chances are high that both of these instances are happening out of sight and beyond your control.  Even if you have a traditional AP audit [...]

By | September 7th, 2011|Categories: Lavante|0 Comments

Insights About the Future of 1099 Issues in Financial Operations Matters

I was happy to see the article by Diane Sears in the latest issue of Financial Operations Matters, Is 1099 Issue Dead or just Resting? which focused on the continuing 1009 reporting dilemma. Although the heated debate over this issue has died down after the repeal of the reporting requirements tied to the health care [...]

Top 5 Changes Coming to AP – Collaboration and Cooperation

In this post, I’d like to present the final two changes we see coming to AP, that will drive efficiencies and increase the value that AP brings to an organization.  In two previous posts, we covered the first three changes: 1.  More Importance Will be Given to the Quality of Supplier Information 2.  Supplier Networks [...]

Benefits of Supplier Statement Audits to both AP & Procurment Explored on Spend Matters Site

Earlier this month, Spend Matters published an insightful article written my colleague here at Lavante, Aloke Bhandia, Sr. Director of Product Management. In it, he provides an overview of how the results of a statement audit can benefit not only Accounts Payable, but has the potential to deliver many often overlooked advantages to Procurement. He [...]

Joint Webinar with Winshuttle Explores Automating Links from AR to AP

Last month, Lavante teamed up with our partners at Winshuttle to offer a unique look at how our combined solution is able to automates a stream of recovered dollars back to your company's bottom line. During the session, we focused on how our technology solutions work to streamline a company's SAP financial recovery auditing processes, [...]

Data Security in Lavante Application

There has been much press recently about websites being hacked, raising the security stakes for businesses that rely on the internet and SaaS-based systems.  At Lavante we take data security very seriously, and continuously improve our processes and technologies to protect our customer’s and supplier’s data. Here are several concrete steps we have taken to [...]