Project Description

May 5, 2009 – Lavante Awarded Top Honor at IAPP Conference

Accounts Payables Professionals Vote Lavante Best Vendor

San Jose, Calif. – May 5, 2009 – Lavante, formerly AuditSolutions, the leading provider of on–demand profit recovery solutions for Fortune 1000 companies, announced that it was voted the top vendor by accounts payables professionals attending the IAPP Conference April 19-23 at Disney’s Coronado Springs Resort, Orlando, Fla. Additionally, Lavante’s two conference sessions were well received by standing room only attendees. This recognition comes after recent Lavante news of record revenue growth, new funding, and a name change announced April 20. Lavante also won the award for most Twitters from the show, which were posted to twitter.com/lavanteinc.

In today’s economy, companies cannot afford to miss opportunities to recover cash. In a market dominated by traditional and labor-intensive AP auditing processes that only deal with a sample of vendors, AP departments are challenged to cope with the inefficiencies of a large and ever-changing vendor population. Lavante’s on-demand Strategic Recovery solution can enable Fortune 1000 companies to recover three times the amount of cash typical with traditional recovery audits. In addition, Lavante’s Vendor Information Management software provides an accurate, up-to-date view of a company’s entire vendor population, creating new opportunities for negotiating better pricing and terms. Lavante’s solutions are empowering people in the procurement-to-payables process to make a more strategic contribution to their corporation.

News Highlights

  • IAPP Conference Award – Lavante was voted overall top vendor by accounts payables professionals at the recent IAPP Conference at Disney’s Coronado Springs Resort, Orlando, Fla., April 19-23.
  • IAPP Conference Best Practices Sessions a Hit – Lavante’s presentations, “Arm Your AP Department to Combat Outsourcing,” a walkthrough of some of the recurring downsides of off-shoring and discussion of steps AP departments can take to demonstrate strategic value; and “On-Demand Vendor Information Management,” a session providing insight into how Lavante software creates a virtual communication funnel by which many departments in an organization can communicate back and forth with a decentralized vendor population, both enjoyed standing room only attendance.
  • Most “Tweets” From Show – In a contest of vendors, Lavante posted the most tweets from the show floor. These were posted to twitter.com/lavanteinc.

Quotes

“We want to thank the IAPP and its members for a great conference. Despite tough times, it was great to see so many AP professionals attend the forum and show such interest in Lavante’s innovative, cost-saving solutions and best practices. We’re honored to have been voted the top “grade” by attendees.”
Tom Flynn, Vice President, Lavante