Bothell, WA and San Jose, CA – February 10, 2010 – Winshuttle and Lavante, the leading provider of on-demand profit recovery and vendor information solutions for Fortune 1000 companies, today announced a strategic partnership agreement. Winshuttle’s SAP data loading and extraction tools combined with Lavante’s profit recovery and vendor file solutions will make it easier than ever for companies to gain the benefits of enhanced cash flow, productivity, compliance, and control that Lavante’s solutions deliver.
Winshuttle provides easy-to-use tools that enable business users to work with SAP directly from Excel, without programming. Winshuttle’s suite of solutions enable both business and IT users to solve SAP data or business process challenges by securely expanding SAP interactions to both employees and partners. By providing a familiar spreadsheet interface to the SAP system, customers report increased productivity and significant time and money savings.
“Winshuttle’s suite of products interface Microsoft Office and SAP, simplifying the task of moving data needed for applications such as Lavante into and out of SAP systems,” said said Nick Petti, Winshuttle’s vice president of business development.
Lavante’s application and unique audit process drive on-going communications and compliance with the vast majority of a client’s active vendors to collect vendor-validated credits and vendor information. Analytics identify duplicate and related vendors and match any known credits. Lavante’s SaaS-based system tracks, manages, and provides visibility to all data in real time. It also organizes credit and changed vendor information for inclusion into ERP systems. Besides yielding cash recoveries, updated vendor information is used to cleanse vendor files, which helps prevent future transaction errors from occurring.
“Our application depends on ERP data such as a master vendor and known credits files. Our results, in the form of accounts payable credits and updated vendor information, need to get integrated back into the ERP systems. For our clients who use SAP, our partnership with Winshuttle will greatly simplify this integration process,” states Joe Flynn, CEO of Lavante.
According to Bill Swanton, vice president, research fellow at Gartner, “Data quality is an elusive goal for most companies because it is treated as a one-time event. No matter how well they do, the data begins to decay immediately.”
Flynn adds, “Since data quality does decay, data collection has to be treated as a process not a project. Our ongoing, proactive data gathering coupled with Winshuttle’s facility to interface with SAP helps companies meet this goal of data quality while delivering cash recoveries.”
Lavante is the leading provider of on-demand profit recovery audit software and services, and vendor information management software solutions. Lavante helps Fortune 1000 companies enhance cash flow, productivity, compliance and control. Lavante’s innovative software automates the collection and analysis of information from a company’s entire active vendor community. The Strategic Recovery process combines this vendor knowledge and accounts receivable records with intelligent accounts payable audit algorithms to maximize cash recoveries. Lavante’s SaaS-based software offerings provide on-demand, real-time visibility into the audit process and automate the updating and cleansing of vendor records. For more information, visit lavante.com. Follow us on twitter at twitter.com/lavanteinc.