Technology and technology based solutions, like many things, tend to go in cycles. Lately one trend seems to be a swing back to companies looking at “best-of-breed’ solutions to address a myriad of business issues. This seems to be reversing a cycle where many CIOs were choosing to go with ubiquitous ERP systems to address most of their business processes. While these system can be very powerful and offer a lot of value in certain areas, they can also come up short and leave large gaps in some processing areas. Faced with these gaps, organizations find themselves either paying for very expensive customizations (expensive to implement and expensive to maintain) or looking to the vendors partner community for complimentary solutions. While the large ERP vendors have lots of “certified” partner solutions in their ecosystem, the business side of their customers was finding that these partner offerings did not always represent best-of-breed.
When addressing targeted, and business unique processes companies are beginning to look beyond their ERP vendors for best-of-breed solutions. Some of the areas in the back-office that have very targeted and configurable solutions include: Vendor Portal, Supplier Portal, Vendor Onboarding, Supplier Onboarding, AP Automation, Data Capture, Workflow, Dynamic Discounting and Vendor Management to name a few. By adding best-of-breed solutions in these targeted solution areas companies can integrate very powerful and configurable solutions to their back-end ERP or legacy systems.
When looking for best-of-breed solutions to compliment your back-end systems and back-office processing contact ICG and request a call or a demo of our comprehensive vendor portals or other powerful, cloud hosted solutions ICG Consulting can offer your company.