Blog

Workflow – Back Office Word of the Week 5/20/19

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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Vendor Onboarding – Back Office Word of the Week 5/13/19

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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Data Capture – Back Office Word of the Week 5/6/19

Data Capture Is the process of “capturing” and converting information from documents (paper or electronic) into a form that can be handled electronically, and preferably with little or no human intervention. In an Accounts Payable (AP) environment this information is extracted from invoices of varying formats and file types so the invoices can be processed […]

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Don’t Sacrifice Functionality to be in the Cloud

April 24, 2019

To take advantage of all the benefits of hosting an application in the cloud, you do not have to compromise functionality or configurability. Most business applications in the cloud today are offered as Software as a Service, or SaaS as it is commonly referred to. For many applications SaaS is a perfect delivery model for […]

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PO Flip – Back Office Word of the Week 4/15/19

PO Flip A PO Flip, is essentially a conversion of a purchase order into an invoice. Usually done electronically or through an automated solution such as a Vendor Portal or Supplier Portal.  In a PO Flip scenario the vendor would enter a PO number into a web form and the the buying company’s systems would […]

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Back-Office Word of the Week

VENDOR SELF SERVICE Vendor Self Service is a benefit of Vendor Portals and Supplier Portals. Vendor Self-Service Portals allow a vendor to provide and access information without intervention from the buying company. This data may be necessary for vendor onboarding, compliance or payment or may be the results of payment status or payment dispute inquiries. […]

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Data Capture Solution Revolution

April 2, 2019

Data capture solutions have been around for a long time and continue to be used extensively in many different industries. Optical Character Recognition (OCR) is an example of a capture technology where data from scanned and digitized paper documents is captured for use by information management systems. OCR is widely used with positive results in […]

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Something Old, Something New

February 21, 2019

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.

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