Vendor portals (supplier portals) can be a powerful tool in enabling vendor self-service in your organization from your procurement and purchasing operations to the accounts payable department. By leveraging the flexibility of a supplier or vendor portal, companies can automate non-value add processes and let vendors collaborate with your organization on-line, 24×7 from anywhere in […]
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While finance and treasury departments are arming themselves with tools and processes to help monitor and conserve cash in these uncertain times, Accounts Payable can play a prominent role in this process as well.
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…while these systems provide lots of value they also leave behind gaps of functionality that may seem small but none-the-less can have significant downstream impact.
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For many organizations obtaining and sharing critical supplier information between different functional areas can be a frustrating task. Siloed organizational structures, disparate systems that don’t communicate with each other and differing business objective are factors that contribute to this situation. In fact, other key areas that have a stake in supplier relations such as supply […]
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Single-tenancy can provide some of the benefits of a private cloud and public cloud. The infrastructure is still maintained by the cloud service provider and the application by the solution provider, but the major difference is the application is designed for your company, to meet the needs of your individual process.
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In this new social distancing world, push non-value add tasks back to your vendors. Vendor self-service is hardly a new concept, it has been gaining traction steadily, especially with larger companies. Using the many procure-to-pay tools and systems in the marketplace companies can reduce costs and gain efficiencies by pushing non-value add activities out to […]
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A couple months ago, people shook hands and the Tiger King was a golfer. The world has changed, sophisticated companies need to adapt in order to survive. Back office environments have been forced to shift to a remote work force. Throwing bodies at an antiquated process will not lead to success. In order to lower […]
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ICG Consulting, a business process solutions leader in streamlining vendor and customer transactions and interactions through the development of full featured and highly configurable business process automation tools
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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. Submitting invoices, tracking payments and […]
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Back Office Word of the Week 11/4/19 In business, Compliance is defined as the confirmation that a provider of a service or a manufacturer or supplier of goods, adheres to all the requirements, regulations, legislation and specific standards of a contract. Ongoing maintenance and tracking of expiring certificates, licenses, permits and contracts is necessary to […]
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