Earlier this month we announced the addition of a new Lavante Recovery™ customer, Lennox Industries. I’d like to share with you some of the compelling reasons why they chose our solution over other traditional, manual services. Not only do these reflect what I see as the key strengths of our technology-driven recovery solution, but they [...]
As part of a larger report published by PayStream advisors earlier this year, PayStream also interviewed a Lavante customer to verify the comprehensive statement audit best practice approach covered in the paper. The findings of this interview are now available, which validates Lavante’s approach to applying technology to help our clients drive a continuous stream [...]
Earlier this month, Spend Matters published an insightful article written my colleague here at Lavante, Aloke Bhandia, Sr. Director of Product Management. In it, he provides an overview of how the results of a statement audit can benefit not only Accounts Payable, but has the potential to deliver many often overlooked advantages to Procurement. He [...]
I recently had a long talk Sherry DePew, V.P. of Account Management at Lavante and former Director, Shared Accounting Services at Boise Cascade, about how to conduct the most successful statement audit process, and what that really meant to our customers. I took copious notes during the conversation, and wanted to share her thoughts on issues, such as the impact of credit aging on statement audit recoveries, the different types of credits captured, and how without a statement audit process, these credits can be lost over time.
Last week, we announced that Lavante was awarded a new patent by the U.S. Patent and Trademark Office. Patent Number 7,908,188 was awarded on March 15 and covers Lavante’s statement audit processes, technology and software application. This is a huge step for Lavante and a huge step in fundamentally changing the recovery auditing industry.