March 19th, 2013

Benefits of Supplier Master Data Management | MDM Systems

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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

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March 19th, 2013

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

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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 AddressesManage 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

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March 12th, 2013

Automatically Requesting and Collecting Certificates of Insurance from your Suppliers

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

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March 11th, 2013

IRS form W9 Instructions and Printable Download

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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.

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March 7th, 2013

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

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

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February 6th, 2013

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

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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.

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November 28th, 2012

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

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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.

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November 21st, 2012

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

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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.

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November 2nd, 2012

Thoughts About the Escalating Complexities in Managing Supplier Relationships and Information

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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 Read More…

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October 4th, 2012

Lavante Is Honored to Receive Technology Excellence Award from PayStream Advisors

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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 Read More…

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