Lavante Vendor Portal As organizations are asked to do more with fewer resources, Lavante’s Vendor Portal provides the solution for organizations to quickly set up new vendors, automatically request required data and documentation, and routinely ask for updates and renewal of information to ensure vendor compliance. Lavante’s Vendor Portal offers is an on-demand consolidated platform in which to manage complex vendor information globally and gives organizations real-time visibility into the vendor information management process.
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Optimizing supplier relationships and ERP system effectiveness
Well-maintained supplier data drives system effectiveness, time and resource savings, as well as dollars to the bottom line.
Large volumes of data across multiple systems and departments, as well as data decay are significant challenges to
maintaining integrity of supplier data. Up-to-date supplier information is more important than ever in maintaining compli-
ance with regulations and controls, such as OFAC screening, diversity tracking, SOX reporting and new tax legislation.
Lavante SIM: Connecting Companies and Suppliers Lavante SIM is the industry’s most advanced Supplier Information Management application, enabling companies to
proactively engage with suppliers and providing real-time visibility into supplier data and relationships. Delivered
on-demand, Lavante SIM drives supplier compliance across the entire supplier lifecycle–from initial vendor master
file cleansing, to on-boarding, to data capture, validation, and maintenance. Lavante SIM automates the collection
and validation of tax information (including TIN matching and collection of W-9s and W-8s), diversity information,
certifications, and more.
Create an enterprise-wide single source of truth for supplier data with Lavante SIM:
• Ensure integrity of supplier data
• Gain insight into your suppliers and relationships
• Drive compliance with regulations and internal controls
Why Lavante SIM?
Supplier Compliance: Lavante delivers the highest supplier compliance in the industry, averaging 8X results of alternative methods
Ongoing Engagement: Lavante drives ongoing supplier communication to maximize participation and compliance
Funded by Recovery:
Lavante SIM works seamlessly with Lavante Recovery to identify credit opportunities within the supplier base
• Drive corporate compliance with new 1099 Tax Legislation