Lavante and FlexTecs Partner to Deliver the Industry's Premier Cloud-Based Profit Recovery Solution
Key industry pioneers in the post-audit recovery market join forces to offer a recovery solution for all industries and segments that combines their best-in-breed technology and services
San Jose, CA, September 1, 2015 (Newswire.com) - Lavante, the leading provider of on-demand supplier information management and profit recovery solutions together with FlexTecs (Flexible Technology Solutions), a firm recognized as the global standard for accounts payable error prevention and recovery audit, today announced a technology partnership which integrates the industry leading FlexTools and FlexTecs services framework with the powerful Lavante Connect Platform.
In doing this, FlexTecs and Lavante combine two of the best assets in the industry; client-level expertise and a service-centric orientation, with a cloud-based, technology platform that delivers significant automation, efficiency and results. Both companies will offer these combined capabilities through their respective sales and marketing channels, with joint FlexTecs/Lavante solutions being available immediately.
"In an industry hampered by a lack of data and recovery coordination, the FlexTecs/Lavante partnership significantly vaults contract compliance, error monitoring and accounts payable recovery process to a new level and promises to deliver lasting value to enterprise clients."
Henry Ijams, Lead Analyst of PayStream Advisors
By offering a single integrated solution to the AP error prevention and recovery audit marketplace, Lavante and FlexTecs have created the industry's most complete and technologically advanced profit recovery solution. "Lavante is an ideal partner for FlexTecs, our clients, and their suppliers. Our teams share a passion for providing customers a pathway to accounts payable error prevention and internal recovery through powerful technology tools and global domain specialists”, states John Cook, Chairman and CEO of FlexTecs (Founder and former CEO of PRGX) Adds Joe Flynn, Founder and Chief Strategy Officer at Lavante, "We've spent 15 years helping to transition a very manual industry with our cloud based solutions. FlexTecs shares our platform vision for delivering better technology and empowering clients with intuitive tools that make them more efficient."
Explains Henry Ijams, lead analyst of PayStream Advisors, "In an industry hampered by a lack of data and recovery coordination, the FlexTecs/Lavante partnership significantly vaults contract compliance, error monitoring and accounts payable recovery process to a new level and promises to deliver lasting value to enterprise clients."
The combined offering of FlexTecs and Lavante solves a clear market need where companies across all industries and market segments must quickly move beyond their reliance on lagging professional services and/or limited scope plug-in software. By leveraging the cloud to deliver an integrated product suite, Lavante and FlexTecs can deliver the most complete solution for companies that wish to prevent ongoing payment errors while adding better internal controls to all aspects of their payment process.
The SaaS based delivery ensures that all clients have unlimited access to results and data across their entire organization while always benefiting from the latest features. Lavante and FlexTecs are committed to working together and have plans in place to further extend their product offerings through Supplier Information Management (SIM) solutions available using the Lavante Connect Platform.
About Lavante
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
About FlexTecs
Flextecs is the leading global accounts payable technology and managed service audit firm. Our unique model transforms the traditional post-audit recovery marketplace by offering a service that combines our audit expertise and customized Audit Technology Platform™ into a collaborative prevention and recovery model focused on trapping cash in the business within the current business cycle. Our goal is to “help clients help themselves” to get their income faster, reduce reliance on traditional post audit firms, and shift the focus to preventative solutions, all at a higher cash value and lower cost of service. FlexTecs’ nearly 200 professionals deliver powerful, custom-configured tools and services throughout North America, Europe and Asia. Learn more about FlexTecs at www.flextecs.com.