Blog

Back Office Word of the Week 5/27/19

May 28, 2019

VENDOR PORTALS A Vendor Portal (or a Supplier Portal as some people call it) is a web-based, vendor management solution that allows you to collaborate with your vendors in a secure, online environment. Among the functions a Vendor Portal can provide is to allow organizations to streamline the Vendor Onboarding process via vendor self-service as […]

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Vendor Management – Think Strategically

May 22, 2019

For many companies vendor management is treated as just another back-office function to be administered by procurement and accounts payable.  But are those companies putting their organizations at risk by not taking a more strategic view of vendor management?  For organizations in many different industries the vendors or suppliers are at the heart of their […]

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Back Office Word of the Week 5/20/19

May 20, 2019

Workflow Workflow, sometimes referred to as Business Process Management (BPM), in the accounts payable world, is the required tasks needed to approve a payment to a vendor or creditor based on a predetermined set of rules. These rules can range from highly complex to fairly simplistic depending on the nature of the AP process. These […]

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Vendor Onboarding Tools

Vendor portal based vendor onboarding and maintenance, or supplier onboarding as some people refer to it, can be a very manual, time consuming process. However, ICG has a set of tools that provide organizations with powerful self-service, cloud hosted applications to help them onboard and manage vendors and suppliers.  Every aspect of vendor onboarding from […]

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Back Office Word of the Week 5/13/19

May 13, 2019

Vendor Onboarding Vendor onboarding, or supplier onboarding, is the process of gathering the documents and data needed to set up a company as an approved vendor and to enable your organization to efficiently conduct business, purchase goods and services, and make payments to that company.  A vendor onboarding or supplier onboarding solution should offer functionality […]

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Vendor Portals: Choices, Choices, Choices!

May 7, 2019

A vendor portal (or supplier portal) refers to a portal that allows vendors to access and provide the buying company with necessary information in the form of documents or data as well as access documents and data provided by the buying company related to the transactions between the two organizations.  Sounds pretty straight forward right? […]

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Back Office Word of the Week 5/6/19

May 6, 2019

Data Capture Is the process of “capturing” and converting information from documents (paper or electronic) into a form that can be handled electronically, and preferably with little or no human intervention. In an Accounts Payable (AP) environment this information is extracted from invoices of varying formats and file types so the invoices can be processed […]

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