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Vendor Statement Audit – A Best Practice for AP Departments (Part 1 of 2)

Since the beginning of the recovery audit industry, traditional firms have focused their attention on client AP data to perform recovery reviews.  Statement auditing (the practice of collecting and reviewing supplier AR records) required a different process than a client-side review.  Due to manual labor and outreach requirements, traditional firms review only a small subset [...]

Recovery Auditing Misconceptions #2 of 4

Recovery Auditing Misconceptions #2 of 4:  I already have a recovery auditor so I cannot use Lavante now. The Short Answer The Lavante Profit Recovery product is complementary to alternative recovery solutions.  Whether you are currently engaged with another provider, wrapping up an engagement, or planning to engage in the near future, Lavante’s unique offering [...]

Recovery Auditing Misconceptions #1 of 4

Recovery Auditing Misconception #1 of 4:  There aren't enough recoveries to justify the effort The short answer: You don’t know what you don’t know. Especially if you don’t, or can’t look. Often, companies that we speak with have been underwhelmed by the volume of recoveries that traditional profit recovery firms have identified in the past, [...]

Supplier Information management Spotlighted by the Sourcing Innovation blog

Lavante Connect is one of the more powerful, and more streamlined, supplier information self-management solutions on the market. In the Lavante Connect solution, the supplier is walked-through the 3 to 5-step process of completing their profile and is updated with respect to their progress, and percentage of work remaining, after each step.

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

Join CEO, Joe Flynn of Lavante 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 W9s Screen OFAC Lists Validate Insurance Certificates Validate Diversity Status Manage Supplier Onboarding Validate USPS Addresses Manage your Vendor File More...

Lavante and Ariba highlighted for New Cashflow Metrics

AP Matters Magazine highlighted Lavante in a recent article in their September/October edition. The Article features conversations with executives from Lavante and Ariba discussing how their firms are creating new cash flow metrics that are helping financial executive watch there bottom line a little more closely. Joe Flynn, CEO of Lavante discussed how Lavante's DCO [...]

FREE – 1099 Reporting Changes Webinar – September 17, 2010

FREE 1099 Reporting Changes Webinar Attend a free  webinar to help you understand the effects that the new 1099 laws will have on your company and department. The presentation will be hosted by Sherry DePew the former head of Boise Cascade's global  Shared Services Group and Mindy Harada a renown tax consultant with Armenino McKenna [...]

IAPP Coverage of Lavante Supplier Information Management – Lavante SIM

Last week Lavante got some excellent coverage by AP Matters editor Diane Sears about Lavante's Supplier Information Management product, Lavante SIM. Sears makes a number of very compelling observations about the need for SIM in the current corporate environment and she does a great job explaining how corporations that are faced with increasing TIN collection demands  can achieve [...]

Lavante SIM for Supplier Information Management

Hello All, I am very proud to announce that Lavante SIM was released for general availability on August 9th.  This launch marks the expansion of our vendor file management services into a larger suite of supplier information management products and services. Lavante SIM has been created specifically to address the feedback that we have received [...]

Dynamic Discounting

In my very unscientific research I have come to discover that Dynamic Discounting is all the rage, but that doesn't exactly mean people are doing it.  During the "Changing Role of AP/AR" panel discussion at last Wednesday's Masters Session a number of the panelists and and brave souls from the audience spoke very openly about [...]