Cash is King!
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.
Read FullFilling the Functionality Gaps
…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.
Read FullWhere Procurement Meets Finance
June 1, 2020
How to procurement and finance complement each other? 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 […]
Read FullCloud Solutions Are Not Created Equal
May 12, 2020
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.
Read FullWhy Vendor Self-Service Matters
May 4, 2020
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 their vendors. Vendor self-service is a […]
Read FullDot Food Earns Prestigious Award
March 9, 2020
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
Read FullVendor Portals: Choices, Choices, Choices!
February 24, 2020
What choices do you have for vendor portal technology? 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 […]
Read FullWord of the Week: Compliance
November 6, 2019
Financial Back-Office Compliance Financial back-office compliance is 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 ensure compliance. Manual tracking of such […]
Read FullWord of the Week: Vendor Packet
October 21, 2019
What is a vendor packet? A vendor packet is a collection of forms and documents that a buyer sends to a potential new vendor before starting a relationship. The packet includes all the necessary information needed to set up a new vendor for payment and compliance. Vendor packets can be relatively simple or robust depending […]
Read FullWord of the Week: Supplier Onboarding
October 15, 2019
What is Supplier Onboarding? Supplier onboarding, or vendor 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 supplier onboarding solution should offer functionality such […]
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