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.
While 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 FullA variety of functions depending on industry & vendor management process A vendor portal is a central platform for vendors or suppliers to communicate, collaborate, and transact with an organization. The specific features and functions can vary depending on the organization’s needs and the vendor management process. Common functions you can expect from a vendor […]
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 vendor onboarding process: Let’s start the discussion by addressing the most obvious, and possibly most important, […]
Read FullIt’s all about the analytics! AI (artificial intelligence) increases performance, lowers supplier risk, and decreases costs in procurement operations. Here are some key areas where procurement practitioners can utilize AI to make a significant impact on their operations: Demand Forecasting: AI algorithms can analyze historical data, market trends, and external factors to provide accurate demand […]
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: Accounts Payable Automation (AP): AI-assisted software can automate repetitive tasks such as data entry, report generation, and invoice processing. […]
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
Read FullArtificial Intelligence (AI) plays a crucial role in data capture and OCR (Optical Character Recognition) applications, revolutionizing the way we process and extract information from various sources. For accounts payable (AP) departments and other financial back-office areas, AI assisted data capture can provide tremendous efficiencies and increased accuracy.
Read FullWhat are they? Why do I need one? Vendor management portals, also referred to as vendor portals or supplier portals, are cloud-hosted software platforms that allow organizations to efficiently manage their relationships with suppliers, vendors, and contractors. Some of the key features and benefits of a vendor management portal include: Centralized Database: A vendor management […]
Read FullAI Leads to Efficiency AI is already having a significant impact on financial back-office operations, and its influence is expected to increase exponentially in the coming years. While many will see opportunity others will not be so be so optimistic. AI is here to stay and its influence and presence will become ubiquitous. Here are […]
Read Full