Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
The investment may be worth it, but there are up front and ongoing cost. As summer winds down and we head into budgeting season, many companies will have Artificial Intelligence (AI) based solutions on their radar for the upcoming budget year. When formulating your budgets keep in mind that the costs of implementing advanced AI […]
Read FullCommon goals = big payoffs. Collaboration between procurement and finance is a key element to improving efficiency and profitability in your organization. Here are some ways they can work together: In summary, collaboration between procurement and finance is essential to improving efficiency and profitability. By working together on cost analysis, supplier management, TCO analysis, cash […]
Read FullWhile the actual savings will vary depending on your company’s specific circumstances, industry and case studies have reported cost savings ranging from 20% to 50% or more in AP departments implementing AI-powered solutions.
Read FullVariety of functions depending on industry & vendor management process A vendor portal typically serves as a central platform for vendors or suppliers to communicate, collaborate, and transact with a company or organization. The specific features and functions can vary depending on the organization’s needs and the vendor management process. Here are some common functions […]
Read FullAll of us at ICG Consulting with you and your families a safe and happy Independence Day!
Read FullContact ICG Consulting today to start a conversation on how ICG’s AI assisted data capture solutions can deliver immediate value to your financial back-office.
Read FullSave money while accruing more great benefits! Automating the vendor onboarding process can provide a number of benefits in addition to significant cost savings for businesses. Below we discuss a number of the benefits of implementing a cloud-hosted, automated suppler onboarding portal: Let’s start the discussion by addressing the most obvious, and possibly most important, […]
Read FullIt’s all about the analytics! AI ( artificial intelligence ) can be deployed in numerous area to increase performance, lower supplier risk and decrease costs in procurement operations. Here are some key areas where procurement practitioners can utilize AI to make a significant impact in their operations: Overall, AI can significantly improve performance and lower […]
Read FullWhere to leverage artificial intelligence AI-assisted applications can greatly drive financial back-office automation by streamlining processes, reducing manual effort, and increasing accuracy. Here are a few AI-powered applications that can be utilized in financial back-office automation: It’s important to note that while AI-assisted applications can automate several aspects of financial back-office operations, human oversight and […]
Read FullAI can be an enabling technology and need not be an “all or nothing” proposition. Using elements of AI to augment and strengthen embedded technology solutions can provide significant short-term benefit
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