Lavante, the leading provider of on-demand Supplier Information Management and Profit Recovery solutions, announced today that it is teaming up with Experian, the leading global information services company, to provide enterprise companies with additional data and insights that will enable them to make better business decisions, mitigate risk and improve profitability.
“Teaming up with Experian in this capacity allows us to develop and deliver the industry’s most powerful tools for reducing supplier risk and preventing supplier fraud,” states Joe Flynn, Founder and Chief Strategy Officer of Lavante, Inc. The combined offering addresses a key pain point for business as they engage with suppliers.”
With this newly enhanced offering, Lavante will incorporate multiple commercial attributes from Experian’s BizSource database into its flagship solution, Lavante SIM, to deliver a financial stability modeling tool for enterprises to more thoroughly evaluate their new and potential suppliers and business partners. The new offering enables valuable workflows and functionalities that were previously unavailable in the marketplace.
Lavante Supplier Network will leverage Experian’s data and analytics to enhance its preferred supplier score-carding abilities and relay an accurate assessment of a suppliers’ business standing to enterprise clients. This offering is the only solution of its kind to completely assess the health and viability of service providers prior to their selection as a trusted supplier. As a core component of the initial delivery, clients will be granted complete flexibility in the Lavante SIM configurable set up engine to define their specific parameters for supplier evaluation.
“Supplier fraud and risk are arguably among the biggest challenges facing an enterprise today,” asserts leading fraud-prevention expert Chris Doxey, President of Doxey, Inc. “I cannot think of a single enterprise that would not benefit from employing the Lavante and Experian toolset.”
Future Lavante products will also provide network suppliers real-time access to their rating and status as a potential business partner with future clients and customers. Suppliers will gain the ability to view potentially perceived risks and deficiencies, as well as access to tools that address any shortcomings through corrective measure. The goal of the bi-directional solution for enterprises and suppliers is to significantly reduce the incidence of fraud and risk while raising the overall quality of available data to enhance decision making.
Lavante is the leading provider of cloud-based supplier management solutions for Fortune 1000 Companies. Our mission is to connect businesses with their suppliers while adding value to both by automating and improving the quality, accuracy and cost effectiveness of business interactions. For businesses our software and services help drive dollars to the bottom-line by ensuring quality of supplier data and automation of supplier on-boarding and management, including burdensome tax and compliance requirements. For suppliers, we simplify the process of delivering value to clients and improve customer satisfaction, the ability to win new accounts, and profit. Learn more about Lavante. at: www.lavante.com.