Lavante Earns Major Technology Innovation Award For Lavante SIM

Lavante Awarded "Best-in-class" Honors From the Institute of Financial Operations for Their Cutting Edge Supplier Information Management Platform

San Jose, CA (Marketwired) - Lavante, the leading provider of SaaS solutions for Profit Recovery and Supplier Information Management (SIM) today announced it has received a premier 2015 Technology Innovation Award for their Lavante SIM software solution, from the Institute of Financial Operations (IFO), the longest running member organization in the P2P space.

The IFO, a recognized market leader and membership-based organization with a reach into over 50,000 professionals in the financial operations market presented Lavante with a Technology Innovation award highlighting the Flexibility, Modularity and Scalability of their software's design while also calling out the value that their product delivers to suppliers through the Lavante Supplier Network. Also honored in the presentation was Lavante Founder Joe Flynn who has been consistently instrumental in the vision and delivery of Lavante software solutions into the marketplace.

The IFO's recognition of Lavante specifically honored the company's ability to partner closely with its clients and deliver a next generation supplier portal for Supplier Information Management that is:

• Flexible - Lavante's platform is highly configurable to meet client needs and naturally match complicated workflows and approval processes.
• Modular - Lavante SIM is delivered as a modular solution that allows clients to focus only the processes that are relevant to their immediate goals.
• Scalable - The Lavante platform can support huge client and supplier populations across multiple countries and languages.
• And presents major value to suppliers - The Lavante Supplier Portal delivers bi-lateral value to both clients and suppliers.

"We are honored to be recognized by the IFO with their 2015 Technology Innovation Award," says Joe Flynn, "The IFO has been working for decades to serve their loyal members. Recognition from this organization means a great deal to Lavante and to me as the IFO represents the voice of our professional community. We are humbled by the honor."

"This is yet another 'best-in-class' technology award that we have received from a major industry voice that is both influential and trusted by a large population of Procure-to-Pay constituents," states Lavante CEO Frank Harbist. "To be consistently recognized by our colleagues and peers in this manner suggests that we are building important tools to solve real problems and that Joe's contributions are appreciated across the marketplace."

The IFO Technology Innovation Award was presented as part of a 2015 year-end wrap-up presided over by IFO executives. This latest accolade marks the third such honor bestowed on Lavante in the last quarter. Lavante was recently presented a PayStream Innovation Award in September while also being named on the "Apps Run the World" 500 list which identifies the world's top SaaS software companies.

About Lavante
Lavante is the leader in on-demand supplier management solutions, including recovery auditand supplier information management applications. Built with advanced, patented technology, Lavante delivers to the financial arena a new standard in efficient technology-driven solutions that allow companies to quickly drive dollars to the bottom line, improve supplier communications, and assure high supplier data quality. Lavante solutions are deployed across Fortune 1000 enterprises 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.