SEPTEMBER 22, 2015
Lavante awarded the 2015 Excellence Award for Innovation in Supplier Information Management by PayStream Advisors3
San Jose, CA, September 22, 2015 — Lavante, the leading provider of SaaS solutions for Profit Recovery and Supplier Information Management, today announced their recognition for Excellence in Supplier Information Management (SIM) at PayStream Advisors' Innovate Summit, held at the InterContinental Hotel in New Orleans' French Quarter on September 13-16.
PayStream Advisors, a leading provider of trusted research, in-depth consulting, and unparalleled educational content, honored Lavante with their second Innovation Award since 2012. With this latest accolade, Lavante becomes only the third software provider to be honored as a two-time winner of a PayStream Innovation award. To earn the top honors, Lavante separated itself from a very broad field of SIM solution providers.
In addition to awarding solution providers, PayStream also recognized excellence and innovation among the many F500 companies in attendance at the conference. Eli Lilly earned a departmental award for operational excellence while Ben Shaffer of PG&E won the only individual recognition for Purchase-to-Pay (P2P) excellence over his 30 year career.
"The Excellence Awards acknowledge enterprises that have demonstrated innovation in their P2P processes as well as software providers that deliver market-shaping solutions," said Market Advisor, George Linville of PayStream Advisors. "The Lavante Connect platform and SIM application modules stand out in the field with a configurable and modular design that allows clients to rapidly deploy a robust, scalable and integrated solution."
"We have long admired the consistent and meaningful work that PayStream does to help propel the Purchase-to-Pay space," says Tom Flynn, Co-founder and CMO of Lavante. "We believe strongly in our vision to enable P2P professionals to manage their suppliers to the highest possible standard and we are honored that PayStream has once again recognized our efforts in ensuring the whole P2P process is as efficient and effective as possible, by enabling accurate and actionable supplier data."
The Innovation Award was presented during a luncheon presided over by PayStream Advisors' lead analyst, Henry Ijams, in the conference main hall. The ceremony was part of three-day conference event in which Purchase-to-Pay Professionals gathered to learn and share best practices for improving their end-to-end processes as well as to attend educational sessions, roundtable panels, and networking events.
Lavante hosted an educational session at the conference entitled "Building an Enterprise Solution for Supplier Management" led by Tammie Norman, Director of Transactional Accounting at ICF International. The presentation provided expert perspective from Ms. Norman on her experiences constructing a world-class supplier management solution, as well as working with the Lavante Connect platform in a Fortune 500 environment. The presentation was very well attended and received high praise and stellar feedback surveys.
About PayStream Advisors
PayStream Advisors is a research and advisory firm that delivers first-rate industry research on office-process automation to finance and procurement professionals. We provide research-based, unbiased educational content to challenge readers' thinking, inform them on marketplace trends, and empower them to transform their organizations. PayStream's research is available on demand for members, and membership is completely free. For more information visit www.paystreamadvisors.com.
Lavante is the leader in on-demand supplier management solutions, including recovery audit and supplier information management applications. Built with advanced, patented technology, Lavante delivers to the financial arena a new standard in efficient technology-driven solutions that allow companies to quickly drive dollars to the bottom line, improve supplier communications, and assure high supplier data quality. Lavante solutions are deployed across Fortune 1000 enterprises including the hospitality, retail, entertainment, manufacturing, and medical industries. Headquartered in San Jose, California, Lavante is privately held and was founded in 2001. For more information please visit www.lavante.com.