Monthly Archives: June 2011

//June

Lavante and Spend Matters Look at How Dirty Vendor Data Impacts Your Bottom Line

The topic of “dirty data” is certainly becoming more important in the Procure-2-Pay (P2P) space. As companies look for ways to further optimize their daily transactions and drive costs from their processes it becomes apparent a key blocker in the pursuit of excellence is the prevalence of “dirty data” throughout the supplier population. Of course [...]

Lavante Responds to Customer Data Security Concerns with SAS 70 Type II Certification

Last week marked an exciting moment for Lavante when we announced our SAS 70 Type II certification, continuing our forward momentum in developing and applying technology advances that benefit our customers. Statement on Auditing Standards No. 70, commonly abbreviated as SAS 70, is an auditing standard issued by American Institute of Certified Public Accountants (AICPA). [...]

Joint webinar to highlight cashflow solution for SAP users

Users on the SAP Financial module have an extra reason to smile this Thursday. Lavante and Winshuttle are teaming up to present a new webinar outlining our combined solution that automates a stream of recovered dollars back to your bottom line. On the webinar we will walk through a Fortune 500 example demonstrating how our [...]

By | June 20th, 2011|Categories: Technology, Recovery Audit, Lavante|Tags: , , |0 Comments

Part 1 – The Future of AP: The Top 5 Changes Coming to AP

At last month's IFO Fusion conference in Orlando, my good friend and colleague Bob Cohen (VP, Marketing at Basware) and I presented what turned out to be a very popular session, The Future of AP: The Top 5 Changes Coming to AP. Although an obviously ambitious topic, it is one that both Bob and I [...]

Why Supplier Information is like Precision Machinery

For years, procurement organizations had as its primary charter to best manage spend and spending activities. The concept of “spend” comprised several different elements: - Suppliers - Supplier Contractual terms - Purchasing volume with those suppliers under control of agreed upon terms In pursuit of maximizing/managing spend, many procurement professionals have devised numerous intelligent methodologies [...]

IAPP is now “The IFO” (The Institute of Financial Operations)

Typically, you might prefer not to be institutionalized, but a couple thousand people saw it differently last month in Orlando at FUSION 2011. The association formerly known as IAPP, and more recently known as IAPP/IARP/NAPP/TAWPI, finally settled in on a new and decidedly simpler name – “The Institute of Financial Operations” (The IFO). During his [...]

By | June 10th, 2011|Categories: Industry Associations, IAPP, AP Industry, Lavante|Tags: , , |0 Comments

Maximizing Statement Audit Results: Best Practices to Drive Fast, Continuous Credit Recoveries

I recently had a long talk Sherry DePew, V.P. of Account Management at Lavante and former Director, Shared Accounting Services at Boise Cascade, about how to conduct the most successful statement audit process, and what that really meant to our customers. I took copious notes during the conversation, and wanted to share her thoughts on issues, such as the impact of credit aging on statement audit recoveries, the different types of credits captured, and how without a statement audit process, these credits can be lost over time.