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What many users are unaware of is that there are many money saving, process improving solutions available such as vendor portals, supplier portals, business process management, advanced workflows, vendor onboarding, accounts payable automation, and a variety of other technologies available in cloud hosted configurations.
Read FullVendor/Supplier Management has become increasingly complex. Technological systems and solutions can increase efficiency and reduce some of the “pain” companies experience when trying to manage their hundreds or thousands of mission critical vendors. Check out ICG’s Vendor Management Tools. COMPLIANCE The complexity of vendor/supplier relationships increases as the vendor/supplier base grows in size. Vendors/suppliers may […]
Read FullOne of the components of vendor management program that is often either overlooked, or over killed with a system that provides lots of complex data to help you “manage” your spend, is spend analysis. For many companies the trick to managing their spend (their colleagues buying behavior) and their vendors performance is to simply look at […]
Read FullFinancial back offices in the food manufacturing, food distribution, food service and related industries are full of complexities due to their dynamic nature – pricing, costs, allowances, rebates, deductions and other information that needs to be up-to-date and accurate. Some of this information can literally change hour to hour. Operational and financial decision makers need […]
Read FullThe activities, transactions, information sharing and collaboration required between the buying company and the vendor can be very manual and time consuming. These tasks also reach across multiple departments such as risk management, accounts payable, legal, security, finance, procurement and many other. Many of these tasks surround collecting and continually updating information from those vendors. […]
Read FullExtracting accurate data from invoices and dynamic documents in different forms and from multiple channels has always been a challenge. But an even larger issue is feeding that data to a processing platform in a consistent format. ICG’s data capture, assembly, and import tools provide a mechanism by which invoice records and related documents (email, […]
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