Data Capture – So Many Options
October 25, 2023
Open the file above to view or download the informative data capture presentation that discusses options for making strategic decisions for your data capture operations.
Read FullStreamlining Vendor Onboarding
October 12, 2023
The Benefits of a Vendor Portal-Based System Vendor onboarding is a necessary and important process for any business. Efficiently onboarding and managing vendors can have a significant impact on a company’s operations, supply chains, and bottom line. One way to enhance this process is through the use of portal-based vendor onboarding systems. These digital platforms, […]
Read FullIs EDI Right for Your AP Operation?
October 4, 2023
Factors to consider in evaluating EDI In today’s economically challenging business landscape, organizations are constantly seeking ways to streamline their operations and improve efficiency. One area where this is particularly important is Accounts Payable (AP), where managing invoices, payments, and vendor relationships can be a complex and time-consuming process. Electronic Data Interchange (EDI) is a […]
Read FullBenefits of Rules-Based Workflow Automation
September 26, 2023
In today’s fast-paced business world, efficiency is key. Organizations are constantly seeking ways to streamline their processes and reduce manual labor. One powerful solution is rules-based workflow automation.
Read FullData Capture – So Many Options!
September 14, 2023
Advances in technology continue to expand the possibilities for data capture, making it increasingly important in the modern data-driven world. The most important aspect of taking advantage of the right set of data capture technologies is to have a thorough understanding of the data, your vendors, your companies requirements, and the financial contribution you expect.
Read FullBenefits of Dynamic Discounting in a High-Interest Rate Environment
September 5, 2023
A win for buyer and supplier In today’s fast-paced and high interest rate environment, maintaining strong supplier relationships is essential. One way to achieve this while also maximizing savings is by offering suppliers a dynamic discounting program. This financial strategy becomes even more compelling in a high-interest rate environment where certain suppliers struggle with the […]
Read FullBest of Breed Applications: Unleashing the Power of Specialization
In the ever-evolving landscape of business technology, the debate between Best of Breed (BoB) applications and Enterprise Resource Planning (ERP) systems continues to gain momentum. While both options have their merits, this blog post will delve into the distinct advantages of Best of Breed applications over ERP systems.
Read FullNot All OCR Solutions are Created Equal
August 23, 2023
It’s all about understanding the content and process Understanding the documents is extremely valuable when setting up a successful AI OCR (Optical Character Recognition) solution. OCR technology is used to extract text and information from images or scanned documents, and its effectiveness depends on understanding the quality and relevance of the documents being processed. Here’s […]
Read Full12 Areas to Reduce Back-Office Costs
August 16, 2023
Is your financial back-office as efficient and cost effective as it can be? Reducing back-office costs is a common goal for many organizations looking to improve their financial efficiency. As you construct your budgets and develop operating plans for your financial back-office, here are some top strategies that can help you achieve increased efficiency, cost […]
Read FullTransforming Your Financial Back-Office: Cost Center to Profit Center
August 9, 2023
Remember that transforming the financial back office into a profit center requires a well thought out strategic approach, alignment with organizational goals, and ongoing efforts to innovate and adapt to changing market conditions. Start a discussion with ICG Consulting about your back-office goals or request a demonstration of ICG’s back-office automation solutions that can help you to transform your financial back-office.
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