Vendor File Mgmt

/Tag:Vendor File Mgmt

Garbage in, Garbage out: The Importance of a Clean VMF

When it comes to eating healthy, one adage stands above all else: "You are what you eat." As a kid, it manfests as health class trying to preach the virtues of salads right before the lunch room serves you fried chicken and mashed potatoes. As adults, the never ending battle between our taste buds and [...]

Building a Case for Vendor File Mangement

Over the years of doing webinars about Vendor File Management, I have been shocked by how much feedback these presentations have generated.  One of the most intriguing topics from these webinars was how to build a case for a vendor file management program.  Although it may require time on your part, the most effective way [...]

By | September 2nd, 2014|Categories: Recovery Audit, Supplier Information Management|Tags: , , , |0 Comments

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

In part one of this blog we discussed how the traditional approach to vendor statement auditing recovers only up to $100,000 per every $1B audited annual whereas a proper statement audit should recover 5-10X that amount.  In this blog I would like to discuss how and why Lavante is able to hit those much higher numbers. Lavante [...]

Lavante Enhances Compliance and Risk Management Capabilities for Leading SaaS Supplier Management Application

Lavante SIM™ upgrade adds new workflow approval process, audit trail and e-Signature capabilities  SAN JOSE, CA– August 19, 2013 – Lavante Inc., the leading provider of on-demand supplier management and profit recovery solutions, today announced the availability of enhanced compliance and risk management capabilities in Lavante SIM™, the industry’s most comprehensive application to collect and validate supplier [...]

Ask The Experts

Lavante has created the Ask the Experts resource page to provide a place where the AP & Procurement community can access direct links to support information. The information Lavante provides is open to the general public. You do not have to be a Lavante customer to participate in any of the Ask The Experts webinars or to benefit from the forums.

Automatically Requesting and Collecting Certificates of Insurance from your Suppliers

Requesting, collecting and managing the expiration of insurance certificates is an important process for any organization. Lavante SIM has the ability to request up to date Insurance certificates from all of your suppliers. The application will automatically store the documentation that are collected and provide for automated work flow to follow up with suppliers when the Insurance certificate has expired.

AP Now and Tomorrow’s Mary Schaeffer Joins Lavante for Emerging Master Vendor File Practices and Issues Webinar

AP Now and Tomorrow's Mary Schaeffer Joins Lavante for Emerging Master Vendor File Practices and Issues Webinar

The Institute of Financial Management IOFM Webinar Vendor Management Automation Survey Results

Join us for this one hour interactive webinar to help make your AP department more successful in 2013. The Institute of Finance & Management (IOFM) recently surveyed finance professionals, including accounts payable department managers, supervisors and controllers, to learn about the level of automation in their organization’s accounts payable department, specifically focusing on the tasks related to vendor/supplier management.

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 [...]