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Lavante Launches Next-Generation Recovery Auditing Platform
[May 18, 2012]

Lavante Launches Next-Generation Recovery Auditing Platform

May 18, 2012 (Close-Up Media via COMTEX) -- Lavante, a provider of on-demand supplier management solutions, including recovery auditing and supplier information management, announced the latest version of its next-generation recovery auditing platform, Lavante Recovery+.

According to a release, this technology-driven recovery platform has been designed to automate recovery audit processes across a vendor set and to provide automated real-time credit recovery.

Lavante reported that its technology-enabled recovery solutions delivers real-time access to recovery results accessible to clients through an on-demand portal and dashboard.

"Lavante Recovery+ dramatically improves clients' understanding and control of their recovery processes, while uncovering new recovery opportunities," said Henry Ijams, Managing Director, PayStream Advisors. "The high-level visibility together with the interactive drill down into the recovery details offers expanded insight into the recovery process." Lavante Recovery+ incorporates a range of key technology features that drive real benefits to customers, including: Expanded Private Supplier Network: Built on patented technology, this release expands the supplier universe and accelerates connections while broadening outreach capacity.

Smart OCR: Continuing improvements to proprietary technology with increased capacity to handle extremely high volumes of statements.

Distributed Collaborative Workflow: Automates claim reconciliation and actualization by allowing various Lavante and customer domain experts to work concurrently in the common environment.

Increased Scalability: The distributed architecture allows full scalability and increased processing speed, with the ability to manage an unlimited number of statements, line items and back-up documents.

Interactive Reporting Interface: To deliver real-time, interactive analytics, Lavante has built-in user-defined dashboards with seamless drill-down capabilities.

"With Lavante Recovery+ we have taken recovery audit automation to a completely new level," said Joe Flynn, CEO and founder, Lavante. "Now users have full visibility into every aspect of how their recovery program is performing with the reports needed to demonstrate the impact across every level of the organization. Users have finger-tip access to live audit results and processes 24x7 through our user-friendly online portal, giving them always-current audit details and results. Never before has recovery auditing been this rapid, effective, interactive or comprehensive." More Information: ((Comments on this story may be sent to

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