As last year wrapped up we were fortunate to work with PayStream Advisors on research that they were doing to help further explore and define the Supplier Information Management (SIM) market. The document they have produced, "The Power of Supplier Information Management Technology" explores the complex requirements of managing supplier data. The paper serves as [...]
A huge thank you to Henry Ijams and the entire staff of PayStream Advisors for hosting such a fantastic P2P Summit last week at the InterContinental Hotel in New Orleans' French Quarter! For those that do not know, PayStream Advisors is one of the premier providers (in the P2P space) of trusted research, in-depth consulting, [...]
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 [...]
Large enterprise accounts payable organizations manage millions of payments to thousands of vendors each year. Business changes including mergers and acquisitions, consolidation, and centralization, as well as new systems and automation mean that 100 percent payment accuracy is nearly impossible – even for AP organizations with the strongest controls. To identify the highest percentage of anomalies and recover the most dollars, it is necessary to investigate both a company’s internal AP data and processes, as well as its suppliers’ AR data and processes.