Blog

Cloud Hosted Solutions

August 20, 2019

One of the most popular trends today in business is moving from housing and maintaining business applications on internal servers to cloud based applications. There are several reasons for this trend but two of the most common are that it reduces internal costs, particularly IT costs, and related to that is a greatly reduced IT […]

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Procure to Pay – Back Office Word of the Week 6/24/19

June 25, 2019

Procure-to-pay, sometimes referred to as P2P, is a term used in the software industry to designate a specific subdivision of the procurement process. The procure-to-pay systems enable the integration of the purchasing department with the accounts payable department. The term is derived from the ordered sequence of procurement and financial processes, starting with the first steps of […]

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SaaS – Word of the Week 6/10/17

June 10, 2019

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. ICG has taken SaaS to a new level by providing Solutions as a Service in a single tenant, cloud hosted model. What that means is you get […]

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Electronic Invoicing – Back Office Word of the Week 6/3/19

June 3, 2019

ELECTRONIC INVOICING Often abbreviated as e-invoicing or einvoicing, is an electronic 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 that are needed for supplier to submit and buyer to approve for payment. The […]

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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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