Posts By Joe Flynn

Supplier Information management Spotlighted by the Sourcing Innovation blog

Wednesday, April 3rd, 2013

Managing many connections with suppliersLavante was recently spotlighted by Michael Lamoureux on the Sourcing Innovation  blog.

The Sourcing Innovation Blog is a the leading supply and spend management blog focused on education and technology. It is a wholly owned service of ToP KaTS Consulting, a consultancy that focuses on the Supply Chain, Optimization, Analytics, and Technology needs of modern business. 

Here is an excerpt from their article…

Lavante Connect is one of the more powerful, and more streamlined, supplier information self-management solutions on the market. In the Lavante Connect solution, the supplier is walked-through the 3 to 5-step process of completing their profile and is updated with respect to their progress, and percentage of work remaining, after each step. In the Lavante system, the supplier goes through the following easy to follow process: 

  1. Company Profile
  2. Legal Identification
  3. Certifications
  4. Payment Information (may be optional)
  5. Specific Information (may be optional)

Profile information walks the supplier through the definition of headquarters information, address information (notices, payment, warehouse, etc.), references, ownership, diversity, business structure, and contacts.

Legal ID walks the supplier through entry of business numbers, tax numbers, and other government identification in the countries that the supplier operates in. It also makes sure that the supplier uploads the appropriate documentation required by the customer, such as W9s in the US.

Certifications walks the supplier through the insurance and certification requirements of the customer and makes sure that the supplier specifies all of the relevant information and uploads the appropriate documents.

Payment walks the supplier through the specification of the payment types they accept (pCard, check, EFT, wire, etc.) and the specifications for each payment type.

Specific Information, of which there can be more than one tab, walks the supplier through the specific information requests unique to the client, such as required product and service information, sustainability information, etc. and the documentation that needs to be supplied.

The ease of use comes not only in the easy to follow registration, and profile completion process, but the fact that the system:

  • validates everything that can be validated,
  • eliminates duplication of data entry whenever possible, and
  • forces e-signatures and verification for all legal documents.

Not only does the system validate that all data entered is in a valid format, but it integrates with as many third party systems as possible to verify that the entered data is correct. Business numbers and tax numbers are automatically verified against government databases, address information is validated against address databases, bank and p-card information is verified through penny-transactions, etc. The system makes it hard for a supplier to make a mistake and harder for any errors to persist for more than a few days. It also alerts the supplier as soon as certifications or registrations are about to expire or information has to be re-verified (according to the customer’s schedule, where such customer may require re-verification of contact information every six months).

All address, contact, and similar data is automatically indexed and can be mapped to any other information requirement that makes sense. So, if headquarters also happens to be the payment and legal notice address, it only has to be entered once. Same for contact information.

For the most part, SIM isn’t complex, and neither are supplier portals, but few master the usability and simplicity required to onboard even the technology unsophisticated supplier quickly and easily with complete profiles, no errors in critical information, and fresh profile data. Lavante Connect is in this group.

To read more go to: Lavante Connect – Streamlined Supplier Self Management

Tags: , , , , , ,
Posted in Ask the Experts, Sourcing Innovation, Supplier Information Management, Tax ID Numbers, Technology, Vendor File Cleansing, Vendor File Management, W9 | No Comments »

divider image

Ask The Experts

Wednesday, April 3rd, 2013

Lavante has created the Ask the Experts resource page to provide a place where the AP & Procurement community can access direct links to support information.   The information Lavante provides is open to the general public. You do not have to be a Lavante customer to participate in any of the  Ask The Experts webinars or to benefit from the forums.

 

Vendor Management Survey

Take Survey

Vendor Management Sandbox
Free Trial

 

About the Speakers:

Jeff Wiest Lavante

Jeff Wiest led the accounts payable function for the U.S. Financial Shared Services Center of Tyco Electronics since its formation over 10 years ago. During that time he oversaw the post-acquisition integration of more than 20 payables functions into the service center. He was instrumental in the implementation of electronic technology solutions that have resulted in significant efficiency improvements and cost savings. Prior to joining Tyco, Jeff served in various accounting roles for AMP Incorporated.

Contact Jeff Wiest

 

 

Jeff Ulanoski Lavante

Jeff worked for over ten years with Rite Aid Corporation as Director of AP, during which time he led that company’s Transaction Tax and Accounts Payable organizations. During his tenure at Rite Aid, Jeff was a key player in the integration of the Brooks Eckerd AP process into Rite Aid. His experience included the introduction of technology-enabled solutions and Best-of-Class processes to improve corporate efficiency, reduce costs, increase cash flow and mitigate risk. Prior to Rite Aid, he spent five years at Foot Locker as Manager of Transaction Taxes.

Contact Jeff Ulanoski


Check back for future updates on the Ask the Experts Webinar Series

 

Ask the Experts

Tags: , , , , , , ,
Posted in AP Industry, Ask the Experts, Lavante, Procurement, Supplier Information Management, Tax ID Numbers, Technology, W9, Webinar | No Comments »

divider image

Benefits of Supplier Master Data Management | MDM Systems

Tuesday, March 19th, 2013

Large Data systems these days depend on the quality of data we feed them. Optimizing supplier relationships and ERP system effectiveness ultimately rely heavily upon our ability to collect timely accurate information. Too many times across our businesses the data that has been received from suppliers decays and leaves us with useless information for us to look at when we are trying to make decisions.

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 as a Strategy.

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. Set important Vendor Master Controls and let the Lavante software manage your communications.

Lavante On-Demand Supplier Master Data Management

Drive master data compliance & insight across the supplier life cycle:

  • 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 master 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 Supplier Information Management?

  • 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

Benefits of Supplier Master Data Management | MDM Systems | MDM Strategy

Tags: , , , , , , ,
Posted in AP Industry, AP Technology Innovation, Supplier Information Management, Technology, Vendor File Cleansing, Vendor File Management, W9 | No Comments »

divider image

Vendor File Management | Collect W9 | OFAC Screening | Insurance Certification Collection | Diversity Tracking | Supplier Onboarding | USPS Validation

Tuesday, March 19th, 2013
Join CEO, Joe Flynn of Lavante in an “Ask the Expert” webinar as he interviews both Jeff Ulanoski, former Rite Aid Director of AP and Jeff Wiest, former AP Manager at Tyco Electronics on the state of Vendor Management.
Find out the benefits of using technology to:Collect and Validate W9s,  Monitor and Screen OFAC Lists, Validate Supplier Insurance Certificates, Collect and Track Diversity Status, Manage / Automate Supplier Onboarding, Validate USPS Addresses, Manage changes your Vendor File,  More….


            Webinar Event:  Wednesday, April 3, 2013 10:00 am 

Pacific Daylight Time (San Francisco, GMT-07:00)

Register Lavante Webinar

About the Speakers:

Jeff Wiest Lavante

Jeff Wiest led the accounts payable function for the U.S. Financial Shared Services Center of Tyco Electronics since its formation over 10 years ago. During that time he oversaw the post-acquisition integration of more than 20 payables functions into the service center. He was instrumental in the implementation of electronic technology solutions that have resulted in significant efficiency improvements and cost savings. Prior to joining Tyco, Jeff served in various accounting roles for AMP Incorporated.

Jeff Ulanoski Lavante

Jeff worked for over ten years with Rite Aid Corporation as Director of AP, during which time he led that company’s Transaction Tax and Accounts Payable organizations. During his tenure at Rite Aid, Jeff was a key player in the integration of the Brooks Eckerd AP process into Rite Aid. His experience included the introduction of technology-enabled solutions and Best-of-Class processes to improve corporate efficiency, reduce costs, increase cash flow and mitigate risk. Prior to Rite Aid, he spent five years at Foot Locker as Manager of Transaction Taxes.

 

 

 

See a Demo of the Lavante Product Suite where you can automatically set your corporate controls and let the application manage all communication for you

Vendor File Management

Register Lavante Webinar

Vendor File Management | Collect W9 | OFAC Screening | Insurance Certification Collection | Diversity Tracking | Supplier Onboarding | USPS Validation

Tags: , , , , , , , , , ,
Posted in 1099 Reporting, AP Industry, Supplier Information Management, Tax ID Numbers, Technology, Vendor File Cleansing, Vendor File Management, W9, Webinar | No Comments »

divider image

Automatically Requesting and Collecting Certificates of Insurance from your Suppliers

Tuesday, March 12th, 2013

Requesting, collecting and managing the expiration of insurance certificates is an important process for any organization.

Most corporate risk departments today require a current insurance certificate be on file before any work is performed by a supplier whether that supplier is a contractors, subcontractors, tenant, or material vendor.

Automate Requesting and Collecting Certificates of Insurance

It goes without saying that Certificates of Insurance are critical to ensure an organization does not face an unexpected liability due to the negligence of an uninsured or under-insured third party however many of us do not have adequate controls to our certificate collection processes.

Lavante SIM has the ability to request up to date Insurance certificates from all of your suppliers. The application will automatically store the documentation that are collected and provide for automated work flow to follow up with suppliers when the Insurance certificate has expired.

Click HERE to download a white paper written by the Institute of Financial Management on Best Practices for Supplier Management.

If you would like to test drive the Lavante Supplier Information Management application access is simple, just click HERE

Tags: , , , ,
Posted in Lavante, Supplier Information Management, Technology, Vendor File Management | No Comments »

divider image

IRS form W9 Instructions and Printable Download

Monday, March 11th, 2013

Collection of IRS federal tax form W9 does not have to be so painful. Watch this short video to see how you and your organization can Request, Collect and Automatically validate the TIN numbers with the IRS using the new Lavante Supplier Information Management System.  W9 Collection Automatic Validation

 

Automate the Collection of W9 and Tax ID numbers

The IRS has numerous publications where they provide printable, downloadable instructions.  This information is subject to change at any time by the IRS. As of the data of this publication 3.11.13 we recommend this page on the IRS website http://www.irs.gov/instructions/iw9/ar02.html

 

How Do I Know When To Use Form W-9?
From http://www.irs.gov/instructions/iw9/ar02.html

Use Form W-9 to request the taxpayer identification number (TIN) of a U.S. person (including a resident alien) and to request certain certifications and claims for exemption. (See Purpose of Form on Form W-9.) Withholding agents may require signed Forms W-9 from U.S. exempt recipients to overcome any presumptions of foreign status. For federal purposes, a U.S. person includes but is not limited to:

  • An individual who is a U.S. citizen or U.S. resident alien,
  • A partnership, corporation, company, or association created or organized in the United States or under the laws of the United States,
  • Any estate (other than a foreign estate), or
  • A domestic trust (as defined in Regulations section 301.7701-7).

A partnership may require a signed Form W-9 from its U.S. partners to overcome any presumptions of foreign status and to avoid withholding on the partner’s allocable share of the partnership’s effectively connected income. For more information, see Regulations section 1.1446-1.

Advise foreign persons to use the appropriate
Form W-8. See Pub. 515, Withholding of Tax on Nonresident Aliens and Foreign Entities, for more information and a list of the W-8 forms.

Also, a nonresident alien individual may, under certain circumstances, claim treaty benefits on scholarships and fellowship grant income. See Pub. 515 or Pub. 519, U.S. Tax Guide for Aliens, for more information.

Electronic Submission of Forms W-9

Requesters may establish a system for payees and payees’ agents to submit Forms W-9 electronically, including by fax. A requester is anyone required to file an information return. A payee is anyone required to provide a taxpayer identification number (TIN) to the requester.

Payee’s agent.   A payee’s agent can be an investment advisor (corporation, partnership, or individual) or an introducing broker. An investment advisor must be registered with the Securities and Exchange Commission (SEC) under the Investment Advisers Act of 1940. The introducing broker is a broker-dealer that is regulated by the SEC and the National Association of Securities Dealers, Inc., and that is not a payer. Except for a broker who acts as a payee’s agent for “readily tradable instruments,” the advisor or broker must show in writing to the payer that the payee authorized the advisor or broker to transmit the Form W-9 to the payer.

Electronic system.   Generally, the electronic system must:

  • Ensure the information received is the information sent, and document all occasions of user access that result in the submission;
  • Make reasonably certain that the person accessing the system and submitting the form is the person identified on Form W-9, the investment advisor, or the introducing broker;
  • Provide the same information as the paper Form W-9;
  • Be able to supply a hard copy of the electronic Form W-9 if the Internal Revenue Service requests it; and
  • Require as the final entry in the submission an electronic signature by the payee whose name is on
    Form W-9 that authenticates and verifies the submission. The electronic signature must be under penalties of perjury and the perjury statement must contain the language of the paper Form W-9.

To continue reading this article go to: http://www.irs.gov/instructions/iw9/ar02.html

Tags: , , , , ,
Posted in 1099 Reporting, Lavante, Tax ID Numbers, Vendor File Cleansing, Vendor File Management, W9 | No Comments »

divider image

AP Now and Tomorrow’s Mary Schaeffer Joins Lavante for Emerging Master Vendor File Practices and Issues Webinar

Thursday, March 7th, 2013

The topic of Automation of Vendor File Management is back in the spotlight in the Lavante Webinar Series.

The next webinar event is scheduled for Tuesday, March 12th.

We will be presenting the curriculum twice to accommodate busy schedules.

If you would like to attend there is still space available

8am PT   https://www3.gotomeeting.com/register/579562550

11am PT https://www3.gotomeeting.com/register/746389958

The webinar will be a conversation between Lavante CEO, Joe Flynn and AP Now & Tomorrow’s CEO, Mary Schaeffer.

Mary Schaeffer is a recognized thought leader in AP. She is the creator of IFO’s Innovation Certificate Program, a member of the IFO’s Education Committee and gives several sessions every year at the IFO annual Fusion trade show.

Mary publishes a weekly Ezine that we recommend to all of our readers. For more information you can sign up HERE

Here is an exerpt from Mary’s bio located on her site HERE

Mary S. Schaeffer

Editorial Director & Publisher

CRYSTALLUS, Inc. publisher of several accounts payable periodicals

  • Nationally recognized accounts payable expert and consultant
  • Frequent speaker at seminars, conferences and online events
  • Editor-at-Large CFO Publishing’s Learning Pro: AP Edition
  • Regular contributor to the AICPA’s Corporate Finance Insider
  • Publisher and editorial director of the Accounts Payable Now & Tomorrow monthly newsletter
  • Creator of Institute of Financial Operations Accounts Payable Innovation Certificate program
  • Writes a free weekly e-zine, e-AP News
  • Author more than 15 business books including the Controller & CFO’s Guide to Accounts Payable and Fraud in Accounts Payable: How to Prevent It (See full list below)
  • M.B.A. Finance, NYU; B.S. Math, York College

Books by Mary S. Schaeffer

  • Do-It-Yourself Accounts Payable Consultant Handbook first, second and third editions (CRYSTALLUS, Inc. 2011, 2012, 2013)
  • Fraud in Accounts Payable: How to Prevent It (John Wiley & Sons September 2008)
  • New Payment World: A Manager’s Guide to Creating an Efficient Payment Process (John Wiley & Sons 2007)
  • Travel and Entertainment Best Practices (John Wiley & Sons 2007)
  • Controller and CFO’s Guide to Accounts Payable (John Wiley & Sons 2006)
  • Accounts Payable and Sarbanes-Oxley: Strengthening Your Internal Controls (John Wiley & Sons 2006)
  • The Future of Accounts Payable (CRYSTALLUS, Inc. 2006)
  • Accounts Payable: A Guide to Running an Efficient Department First edition, Second edition and Supplements (John Wiley & Sons, 1998, 2000, 2001, 2002 , 2003, 2004)
  • Accounts Payable Best Practices (John Wiley & Sons 2004)
  • Essentials of Accounts Payable (John Wiley & Sons 2002)
  • Essentials of Credit, Collections and Accounts Receivable (John Wiley & Sons 2003)
  • International Credit and Collections (John Wiley & Sons 1999)
  • Understanding Interest Rate Swaps (McGraw Hill 1994)
  • Your Dream Vacation Home (McGraw Hill 1992)
  • Triumph Over Tragedy (with John Duffy, John Wiley & Sons 2002)

 

Mary Schaeffer has the inimitable ability to find accounts-payable-related solutions that really work—without making a major dent in the bottom line. Armed with a degree in math and a graduate degree in finance, she takes a “roll up your sleeves and dig into the details” approach to finding solutions to those problems that cause migraines for CFOs, controllers, and managers.

Fifteen years spent researching and writing about payment issues gives Mary Schaeffer a unique vantage point. Combine that with an almost equal amount of time spent in the corporate trenches of several large finance and treasury departments and you’ll see why she’s become known as America’s leading accounts payable expert.

A wide variety of institutions have taken advantage of her unique expertise: John Wiley & Sons has published over a dozen of her books; CRYSTALLUS, Inc. (www.ap-now.com) relies on her know-how to direct its professional publication, training, and consulting business; and the AICPA features her articles in its Corporate Finance Insider. Let’s not overlook the long list of organizations that have turned to her for best practice guidance of their accounts payable function and training of their accounts payable staff.

Ms. Schaeffer has a BS in Mathematics from York College (CUNY) and a MBA in Finance from New York University. She can be reached at marys@ap-now.com

 

 

 

Tags: , , , , , , , , ,
Posted in AP Industry, IFO, Industry Associations, Lavante, Shared Services, Supplier Information Management, Tax ID Numbers, Vendor File Cleansing, Vendor File Management, Webinar | No Comments »

divider image

The Institute of Financial Management IOFM Webinar Vendor Management Automation Survey Results

Wednesday, February 6th, 2013

IOFM Webinar Vendor Management Automation Survey Results

   IOFM Webinar:  Vendor Management Automation Survey Results

Date: February 7, 2013
Time: 10:00 AM PT   1 :00 PM ET
Duration: 1 Hour

 

Register NOW

Join us for this one hour interactive webinar to help make your AP department more successful in 2013.  The Institute of Finance & Management (IOFM) recently surveyed finance professionals, including accounts payable department managers, supervisors and controllers, to learn about the level of automation in their organization’s accounts payable department, specifically focusing on the tasks related to vendor/supplier management.

This webinar analyzes the state of vendor management in accounts payable departments today, the perceived benefits of utilizing an automation solution, and the difficulties and obstacles for an AP department that wants automation solutions implemented.

Attend this webinar to learn:

  • The state of vendor management in accounts payable departments today
  • The perceived benefits of utilizing an automation solution
  • The difficulties and obstacles for an AP department that wants automation solutions implemented

You will also get a sneak peak into the Lavante Supplier Information Management application where you will see an automated solution for managing suppliers that is within reach.

Tags: , , , , , , ,
Posted in Industry Associations, IOFM, Lavante, Procurement, Supplier Information Management, Tax ID Numbers, Vendor File Cleansing, Vendor File Management, Webinar | No Comments »

divider image

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

Wednesday, November 28th, 2012

Lavante, a key provider of supplier management solutions, announced today that Rick Arpin, Senior Vice President and Corporate Controller of MGM Resorts International, has been named Controller of the Year by the Institute of Finance & Management(IOFM), a leading industry association for finance professionals. Arpin was selected for successfully leading the company’s centralized Finance Shared Service Center (FSSC) to become a model of efficiency, visibility and effectiveness, and by leveraging technology, including Lavante’s credit recovery solution.  Through these efforts, Arpin and his team were able to achieve improved financial processes and greater profitability for MGM Resorts.

 

Under Arpin’s direction, MGM Resorts’ FSSC has successfully incorporated Lean Process improvements, establishing sound financial processes, streamlining practices and reducing costs. The roll-out of a credit recovery solution from Lavante within the AP department has been a key factor in these accomplishments, enabling MGM Resorts to capture millions of dollars in missing credits from suppliers, earned through duplicate payments, lost shipments, returns or discounts.  Lavante’s Recovery+ solution has also reduced the number of invoices that require extra attention from 51,000 to 2,500 invoices per month, and enables the FSSC AP department to capture earned discounts more frequently.

 

“I’m thrilled to receive the AP Controller of the Year award from the Institute of Finance & Management,” said Arpin.  “I’ve learned first-hand the value that automation brings in driving effective processes and delivering the visibility, control and accurate reporting we need. Automation has been a key component of our success and has helped us reduce costs and improve effectiveness.”

While all the departments benefit from the reduced costs and earned credits that the AP department now realizes, Arpin continues to drive similar initiatives in other departments and has set the standard for the efficiency of Shared Services Centers.   He has built a strong relationship with the Purchasing department, thanks to process improvements in AP, and is bringing additional accounting functions into the shared service center umbrella, streamlining key finance activities.

 

“Under the expertise of Rick Arpin, MGM Resorts’ Finance Shared Service Center exemplifies innovation, quality and control in Finance, leveraging automation to not only increase profitability, but also to  streamline key processes and heighten the role of Finance enterprise-wide,” said Joe Flynn, CEO & co-founder, Lavante.  “I congratulate Rick on this well-earned and prestigious recognition from the Institute of Finance & Management.”

 

About The IOFM Awards

 

The winners of IOFM’s AP Manager of the Year and AP Controller of the Year awards were announced on October 15th in Las Vegas at the 11th Annual Accounts Payable Conference and Expo presented by the Institute of Finance & Management (IOFM).

Competition for these awards was stiff as many nominations were submitted.  The number of nominations submitted for 2012 greatly exceeded the number submitted in 2011, an indication of the increased awareness of the importance of recognizing outstanding performance in the field of Accounts Payable.

The IOFM is the leading source of information tools and resources for professionals across its focus areas. For over a quarter of a century, its newsletters, reference publications, online information services, and conferences have provided authoritative guidance to corporate managers across a wide range of disciplines. 

 

About Lavante

 

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.

Tags: , ,
Posted in AP Case Study, AP Industry, Controller of the Year, Industry Associations, IOFM | Comments Off

divider image

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

Wednesday, November 21st, 2012

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.

 

McGlasson was instrumental in automating key financial activities, which drove money to the bottom line by providing insight into spend, uncovering potential discounts and recovering credits due to Omnicare from its suppliers.  In addition to elevating the AP function to focus on more strategic processes, McGlasson has been working closely with other departments, such as Procurement, to more effectively manage the travel & expense (T&E) policy.  She has streamlined AP processes by identifying pain points and bottlenecks, and implementing best practices.

 

“It is an honor to be chosen by IOMA’s Institute of Finance & Management for this award,” said McGlasson.  “Automation has enabled us to work more efficiently and has freed up our AP professionals to focus on more strategic, value-added activities that can help our business, such as evaluating spend and identifying ways to save money.“

 

Key to McGlasson’s ability to improve the profitability of Omnicare was her implementation of Lavante’s solution,  Lavante Recovery +, which enables Omnicare to identify hidden credits it is owed from its suppliers for a variety of reasons, such as  duplicate payments, uncredited returns, or discounts.

 

“Tina McGlasson is the consummate AP pro and strategic leader,” said Joe Flynn, CEO & co-founder, Lavante.  “She has elevated the AP function in her organization to focus on more strategic processes, inspires  staff members,  and collaborates across departments and outside the organization to mobilize everyone toward process improvement.   We congratulate her on this well-deserved recognition from IOMA’s Institute of Finance & Management.”

 

About The IOFM Awards

 

The winners of IOFM’s AP Manager of the Year and AP Controller of the Year awards were announced on October 15th in Las Vegas at the 11th Annual Accounts Payable Conference and Expo presented by the Institute of Finance & Management (IOFM).

Competition for these awards was stiff as many nominations were submitted.  The number of nominations submitted for 2012 greatly exceeded the number submitted in 2011, an indication of the increased awareness of the importance of recognizing outstanding performance in the field of Accounts Payable.

 

The IOFM is the leading source of information tools and resources for professionals across its focus areas. For over a quarter of a century, its newsletters, reference publications, online information services, and conferences have provided authoritative guidance to corporate managers across a wide range of disciplines.

 

About Omnicare

 

Omnicare, Inc., a Fortune 400 company based in Cincinnati, Ohio, provides comprehensive pharmaceutical services to patients and providers across North America.  As the market leader in professional pharmacy, related consulting and data management services for skilled nursing, assisted living and other chronic care institutions, Omnicare leverages its unparalleled clinical insight into the geriatric market along with some of the industry’s most innovative technological capabilities to the benefit of its long-term care customers.  Omnicare also provides key commercialization services for the bio-pharmaceutical industry and end-of-life disease management through its Specialty Care Group.  For more information, visithttp://www.omnicare.com.

 

 

About Lavante

 

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.

 

Tags: , ,
Posted in AP Case Study, AP Industry, AP MAnager of the Year, AP Technology Innovation, IOFM | Comments Off

divider image
« Older Entries