Yearly Archives: 2012

/2012

MGM Resorts Executive Named Controller of the Year by the Institute of Finance and Management

Lavante is the leader in on-demand supplier management solutions, including recovery auditand supplier information management applications. Built with advanced, patented-pending technology, Lavante delivers to the financial arena a new standard in efficient technology-driven solutions that allow companies to quickly drive dollars to the bottom line, improve supplier communications, and assure high supplier data quality. Lavante solutions are deployed across Fortune 1000 enterprises including the hospitality, retail, entertainment, manufacturing, and medical industries. Headquartered in San Jose, California, Lavante is privately held and was founded in 2001. For more information please visit www.lavante.com.

By | November 28th, 2012|Categories: Industry Associations, AP Industry, AP Case Study, IOFM, Controller of the Year|Tags: , , |Comments Off on MGM Resorts Executive Named Controller of the Year by the Institute of Finance and Management

Omnicare Executive Named AP Manager of the Year by the Institute of Finance Management

Lavante, a key provider of supplier management solutions, announced today that Tina McGlasson, Director of Accounts Payable (AP) at Omnicare, a nationwide provider of pharmaceutical services and a valued customer of Lavante, has been selected as AP Manager of the Year by the IOMAs Institute of Finance & Management (IOFM), a leading industry association for finance professionals. McGlasson was selected for her strategic approach to AP, her focus on continuous improvement and her ability to collaborate across departments to increase the value that AP delivers to the overall organization.

By | November 21st, 2012|Categories: AP Industry, AP Case Study, AP Technology Innovation, IOFM, AP Manager of the Year|Tags: , , |Comments Off on Omnicare Executive Named AP Manager of the Year by the Institute of Finance Management

Thoughts About the Escalating Complexities in Managing Supplier Relationships and Information

Managing supplier information is becoming an ever-more complex and involved process for organizations of every size and across all industries.   Through our work at Lavante in automating recovery audit  and supplier management processes, we are constantly learning from our customers, prospects, and industry analysts how organizations are dealing with this critical issue.   We recently partnered [...]

Lavante Is Honored to Receive Technology Excellence Award from PayStream Advisors

At last month’s PayStream Advisors Fast Track to P2P Automation Summit in Charlotte, NC, Lavante was honored to be included in the technology innovation awards which were announced at the event.  The award was in the category of Purchase to Pay Automation for Leading Recovery Audit Solution. I see this as a strong validation of [...]

Accounts Payable Acquisition Integration Part 2 – Managing & Integrating Multiple Vendor Master Files

Last week I wrote about my past experiences with integrating the accounts payable functions of acquired companies into a service center environment, detailing the inherent difficulties and the ongoing search for solutions to help manage this complex process. In this blog, I’d like to focus on one of the major problem areas that is frequently [...]

Accounts Payable Acquisition Integration – The Search For An Easy Switch

I recently noticed a post on one of the accounts payable forums that was searching for  a procedure to handle a post-acquisition integration of the accounts payable (AP)  function into a shared service center environment.  Mergers and acquisitions have become so commonplace that they hardly raise an eyebrow in the general business community.  They do, [...]

By | September 17th, 2012|Categories: Shared Services, AP Industry, Lavante|Tags: , , , |0 Comments

Notes from the Field: Presentation to IFO Chapter Meeting Focuses on Finding Lost Vendor Credits as Part of an Automated Statement Audit Process

Last month I shared some thoughts about a recent trip to Minneapolis where we presented The Future of AP at an industry lunch & learn session.  I’d like to spend a few minutes now with some ideas about a second presentation I made on this same trip, this one at the IFO Northern Lights Chapter [...]

“Vendor Profiling” – Not a Best Practice for Statement Audit Providers

Recently, we have heard the term “profiling” used most often in association with controversy.  It has become a new word to describe the age-old desire to put people or objects in nice, neat buckets or categories while ignoring the reality that life just isn’t that simple.  The attempt to extrapolate perceived qualities across an entire [...]

A Leading Healthcare Provider Recovers $300,000 in Lost Credits Thanks to a Lavante Recovery Process

Earlier this year, Lavante Recovery+ worked to return over $300,000 to one of its clients through its automated recovery processes. The credit that was discovered through the Lavante Recovery+ process was over two years old, and was discovered only after Lavante processes updated the supplier information to request the statement. The credit was quickly identified and verified, and returned to the client. Read more about how this process took place.

Lavante Recognizes AP Thought Leaders at Fusion 2012

For those of you who were able to attend the IFO Fusion 2012 conference in Nashville, I hope you had a chance to stop by Lavante's booth and have your “catch the wave” photo taken!  Also, and more I hope you were able to attend one of Lavante’s five panel discussions that were headlined by [...]