Recovery Audit

/Tag:Recovery Audit

Great Blog Post on AP Now & Tomorrow

You can count on Mary Schaeffer to make complex things simple and to make simple things profound. She posted a great article on her blog this week related to Credit Memos and why so many credit memos go unrealized.  This is a nice discussion adding a little more oomph into her one-woman crusade for making the [...]

Supplier statement audit can provide important insights before your next sourcing decision

With the increasing pressures on the profit margins, the efficiency of the procure-to-pay (P2P) processes has been under intense scrutiny within an enterprise.  Typically, Procurement and Finance organizations manage various aspects of P2P processes.  Thus, for a successful execution of the entire P2P process, each organization needs to understand the actions and motivations of the [...]

Lavante Is Honored to Receive Technology Excellence Award from PayStream Advisors

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 [...]

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 [...]

Lavante to Host Ask the AP Experts Sessions at Fusion 2012

IFO Fusion 2012 is just around the corner.  Lavante is planning a lively, event-filled presence this year, adding a new feature to our booth presence which we call Ask the Experts.  We have invited a host of AP industry experts who will be available at our booth to facilitate a discussion around a variety of AP-related [...]

Benefiting from a Prescription for Clean Data: A Case Study

A recent case study developed by Spend Matters details  how a North American and global procurement organization for a top five pharmaceutical company applied a defined exercise and solution implementation from Lavante to discover where it had excess risk exposure, lack of policy compliance, over payments and other cost driving issues. The procurement organization, which [...]

New Resources and Best Practices Advice: Lavante In The News

Word is spreading like wildfire. Articles featuring best practices and tips on credit recovery from Lavante have been hitting the streets over the past two months. If you are looking for some expert advice on how best to put dollars back to your bottom line, the following articles may give you the valuable insight you [...]

Top 5 Changes Coming to AP – Collaboration and Cooperation

In this post, I’d like to present the final two changes we see coming to AP, that will drive efficiencies and increase the value that AP brings to an organization.  In two previous posts, we covered the first three changes: 1.  More Importance Will be Given to the Quality of Supplier Information 2.  Supplier Networks [...]

Joint Webinar with Winshuttle Explores Automating Links from AR to AP

Last month, Lavante teamed up with our partners at Winshuttle to offer a unique look at how our combined solution is able to automates a stream of recovered dollars back to your company's bottom line. During the session, we focused on how our technology solutions work to streamline a company's SAP financial recovery auditing processes, [...]