SOURCE: Lavante Inc.

Lavante Inc, Connecting Companies and Suppliers, Recovery Audit, Supplier Information Management Solutions

December 15, 2015 09:09 ET

Lavante's SIM Revenue and Client Acquisition Pave the Way for a Stellar 2015

The Lavante SIM Product Line Projects High Water Marks for Revenue and New Client Growth While Receiving Multiple Major Industry Honors in 2015

SAN JOSE, CA--(Marketwired - December 15, 2015) - Lavante, the leading provider of SaaS solutions for Profit Recovery and Supplier Information Management (SIM), today announced that 2015 revenue for it's flagship Lavante SIM software suite is on pace to double from last year. In addition, client acquisition has grown impressively in 2015 -- projecting more than 2X the number of new clients from 2014. The company's growth compares favorably to that of the broader Supply Chain Management market which Gartner points out is growing 10% annually.

The growth of Lavante SIM comes on top of a series of technology milestones and prestigious industry awards. In 2015, Lavante announced 4 major quarterly releases which significantly drove the product's capacity and international reach. Lavante's solution suite saw major expansion in contract management, payment visibility and fraud monitoring while achieving SOC1 Type 2 and maintaining SOC2 Type 2 compliance -- establishing Lavante as the only firm in the SIM market to be so certified. The company was honored by both the Institute of Financial Operations and PayStream Advisors as the top technology innovator among all other P2P service providers for SIM software. Lavante exited the year supporting over 40,000 client end-users while managing millions of supplier connections across 110 countries and 15 languages. 

Lavante attributes its tremendous growth in the last several years to a philosophy of partnerships with clients and users -- and their clients agree. "Lavante works hard to understand our pain points and needs and they build products that solve our problems directly. Their SIM solution generates and grants us access into the most up-to-date supplier data and it frees up our staff to work on strategy and on 'value-add' tasks." states 2013 Accounts Payable Executive of the Year, Tina McGlasson of Omnicare. She adds, "Lavante is different. They are a true partner."

"We're proud of our success and growth in 2015," states Lavante CEO Frank Harbist, "We feel like the true potential of SIM is still to be defined. It's clear that supplier information is the foundation of the P2P process and optimizing supplier value delivers benefit to the entire enterprise. We are excited to watch the SIM market develop and to be leading its evolution"

Lavante is already previewing major upgrades for supplier support globally as well as significant product enhancements for members of the Lavante Supplier Network for the upcoming year. The Lavante product road map through 2016 focuses heavily on driving value back into the supplier population as well as expanding capabilities for enterprise clients.

About Lavante
Lavante is the leader in on-demand supplier information management and recovery audit solutions. Built on the patented Lavante Connect Platform, Lavante solutions generate and delivers the highest-quality data to clients and suppliers while syndicating data solutions to partners throughout the P2P ecosystem. Lavante data optimizes supplier value and supports better decision making across enterprise environments. Lavante solutions are deployed across Fortune 1000 companies including the hospitality, retail, entertainment, manufacturing, and medical industries. Headquartered in San Jose, California, Lavante is privately held and was founded in 2001. For more information please visit www.lavante.com.

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