Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
What is Document Capture? Document Capture refers to software applications that automate the process of scanning paper documents or importing electronic documents. ICG specializes in the Document Capture of invoices for Accounts Payable environments. There are four main types of documents captured in the AP world: The key to streamlining your document capture process in […]
Read FullWhat is Vendor Management? Vendor Management (sometimes called Supplier Management) is the process by which a buyer formalizes a relationship with their vendors and suppliers and manages that relationship through its lifecycle. How Does Vendor Management Work? The first step in a Vendor Management is typically procurement, where a buyer sources and negotiates a contract […]
Read FullWhat are supplier portals? Supplier Portals (or Vendor Portals as some people call it) is a web-based, supplier management solution that allows you to collaborate with your suppliers in a secure, online environment. Among the functions a Supplier Portal can provide is to allow organizations to streamline the Supplier Onboarding process via supplier self-service as well as […]
Read FullWhat is a TIN Check? When onboarding a new vendor, a TIN Check is an important component of ensuring compliance. It verifies that either a Social Security Number (SSN) or an Employer Identification Number (EIN) is valid and matches a person’s or company’s name in the IRS Database. A mismatch occurs when the IRS cannot […]
Read FullWhat is Procure-to-Pay? Procure-to-pay, also known as P2P, is a term used in the software industry to designate a subdivision of the procurement process. These systems enable the integration of the purchasing department with the accounts payable department. The term comes from the ordered sequence of procurement and financial processes, starting with the first steps of procuring […]
Read FullWhat is SaaS? SaaS is a method of software delivery and licensing in which software is accessed online via a subscription, rather than bought and installed on individual computers or servers. Why is it Beneficial? SaaS offers numerous advantages for companies. By delivering software applications over the internet, SaaS eliminates the need for on-premise infrastructure, […]
Read FullWhat is electronic invoicing? Often abbreviated as e-invoicing or einvoicing, electronic invoicing is a form of billing used between customers and their suppliers. The documents shared between the two parties could include invoices, purchase orders, payment terms or any other relevant documents and data needed for suppliers to submit and buyer to approve for payment. […]
Read FullWhat are 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. So what are vendor portals? Let’s talk about it. Among the functions a Vendor Portal can provide is to allow […]
Read FullWhat is 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 […]
Read FullVendor portal-based vendor onboarding and maintenance, also known as supplier onboarding, can be a very time-consuming process. To combat this, ICG has a set of vendor onboarding 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 can be accomplished by implementing a […]
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