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SaaS Is a method of software delivery and licensing in which software is accessed online via a subscription, rather than bought and installed on individual computers or servers. ICG has taken SaaS to a new level by providing Solutions as a Service in a single tenant, cloud hosted model. What that means is you get […]
Read FullELECTRONIC INVOICING Often abbreviated as e-invoicing or einvoicing, is an electronic form of billing used between customers and their suppliers. The documents shared between the two parties could include invoices, purchase orders, payment terms or any other relevant documents and data that are needed for supplier to submit and buyer to approve for payment. The […]
Read FullVENDOR PORTALS A Vendor Portal (or a Supplier Portal as some people call it) is a web-based, vendor management solution that allows you to collaborate with your vendors in a secure, online environment. Among the functions a Vendor Portal can provide is to allow organizations to streamline the Vendor Onboarding process via vendor self-service as […]
Read FullWorkflow 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 […]
Read FullVendor 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 […]
Read FullVendor 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 […]
Read FullData 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 […]
Read FullTo 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 […]
Read FullInvoice Matching Invoice matching is the comparing and linking of a supplier invoice with the underlying data on which the cost is based, such as a contract or purchase order (PO). Usually companies will perform a 2 or 3 way match. A two way match compares the invoice amount to the corresponding PO. If the amounts […]
Read FullPO 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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