Monthly Archives: July 2012

//July

“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 [...]

Notes from the Field – AP Discussion Increases around the need for Effective Supplier Management Processes

Last month I had the pleasure of visiting Minneapolis to participate in two separate events – a lunch & learn session co-sponsored by Lavante, Basware and the IOFM, followed by the Northern Lights IFO chapter meeting. Here, I’ll focus on discussions that took place at the first event, and I’ll return next week with some [...]