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Blog
The elevator pitch I literally gave an elevator speech on an AP Supplier Portal and Dynamic Discounting the other week. Really – I was walking with a colleague, talking about Supplier Portals, and he really didn’t understand dynamic discounting. As we got on the elevator, I said “let me try to explain it by floor 8” (there were several people on, so I figured I had a stop or two). So here’s what it is, elevator-style: You’re familiar with “payment terms” right? Something like “2% 10 net30” – what that means is a vendor says “here’s an invoice for the…
Self-Service can be a win-win… convenience for one party and cost savings for another! I was in one the big box home improvement chains the other day, buying a pack of screws. I found the size I needed, and went up front to pay. Now, this isn’t the grocery story – there is no express checkout line. I saw that the three registers open all had a decent size line… guess I have to wait. But wait – I saw something new. The store finally installed a few self-service checkout lines. HOO-RAY! I went over, scanned my one item, paid…
One of the hot topics among both IT and Finance Executives is the emergence of Software-as-a-Service (SaaS). The concept is not new, giants like Salesforce.com have successfully offered CRM functionality in the cloud for years. But as more and more applications become available as a software-as-a-service option, organizations are struggling to assess the economic promises of SaaS versus the perceived control and security of keeping those applications behind the firewall. Unfortunately, there is no clear cut answer to which is the better option. So much depends on what the application is; the nature of the technology it is replacing, i.e.,…
With all the advances in information technology, Accounts Payable departments still lack a cohesive product set to take them to the next level. This does not mean companies have not made some strides in certain areas of their AP operations, like document capture for instance, where there are numerous product offerings that can deliver value to specific functions. What is missing in many organizations however is a more “holistic” strategy that combines numerous technologies – document capture, OCR, vendor portal, dynamic discounting, collaborative dispute processing, etc. – along with process re-engineering and implementation of best practices. This may sound expensive…
Business to business (B to B) portal solutions are offering big wins for all sides of a transaction. Business to consumer portals have been a big hit and an ever growing sales growth strategy for companies who sell to consumers. But utilizing portals can offer huge rewards for all sides of a B to B transaction. Vendor or supplier portals have been around for a while and offer a variety of different functionality. Widespread adoption of these portal solutions had been limited to larger companies, and the functionality offered was missing key elements to addresses crucial and often industry specific…
A quick introduction Like many companies, we started a blog because it was a good way to get our thoughts out there, and keep our clients abreast of what’s going on in the world of ICG consulting. And there are all kinds of things to write about – portals, paperless technology, dynamic discounting, EDI, streamlining operations, Business Process Management (BPM), Financial Back Office issues, etc etc. But, like many companies, without a dedicated blogger, the blog gets a few posts and then sits, then gets a few more six months later, then sits again. Rinse / repeat. Well, I’m going…
A Common Business Process A business process is any set of activities that an organization uses to accomplish a specific goal. If you break it down, a business process is really just a series of individual tasks that, when executed in a specific order, achieve a larger goal. For example, a vendor selling an item to a customer is a business process that is achieved through several smaller steps: the vendor offers the customer inventory, the customer sends a purchase request, the vendor quotes a price, the customer sends money, and the vendor sends the item. This is a very…
Consultants are optimistic that 2011 will see a groundswell of automation spending as CEOs and CFOs look for operating efficiencies
Access a presentation from ICG Consulting on its Vendor/Supplier Portal solution on YouTube. The presentation, made in conjunction with IBM, discusses features, benefits and real-world results from clients Vendor Portal implementations. To access a link for full webinar on Vendor/Supplier Portals, Dynamic Discounting and AP Automation please fill out the contact for on our home page and enter “Webinar Link” in the comments section. YouTube -ICG Vendor/Supplier Portal Presentation
Financial operations and processes consulting and technology firm hopes to better explain their services to Global 2000 companies. Scottsdale, AZ. October 15, 2011 — In an effort to make clearer the benefits of working with their company and to make it easier to communicate them, financial operations and processes consulting firm ICG Consulting has launched a redesigned and updated website. The re-launched site can be seen at www.icgconsulting.com. “The purpose behind this re-launch is to better explain our services, in plainer language, and to make it easier for visitors to request information or ask questions.” said Jim O’Rourke of ICG. ”In…
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