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Blog

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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Top 4 Pain Points of Vendor/Supplier Management

January 14, 2019

Vendor/Supplier Management has become increasingly complex. Technological systems and solutions can increase efficiency and reduce some of the “pain” companies experience when trying to manage their hundreds or thousands of mission critical vendors. Check out ICG’s Vendor Management Tools. COMPLIANCE The complexity of vendor/supplier relationships increases as the vendor/supplier base grows in size. Vendors/suppliers may […]

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Analyzing Your Spend

May 29, 2018

One of the components of vendor management program that is often either overlooked, or over killed with a system that provides lots of complex data to help you “manage” your spend, is spend analysis.   For many companies the trick to managing their spend (their colleagues buying behavior) and their vendors performance is to simply look […]

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Expertise in Financial Back-office for Food Industry

January 29, 2018

Financial back offices in the food manufacturing, food distribution, food service and related industries are full of complexities due to their dynamic nature – pricing, costs, allowances, rebates, deductions and other information that needs to be up-to-date and accurate.  Some of this information can literally change hour to hour.  Operational and financial decision makers need […]

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Vendor Self-Service

June 19, 2017

The activities, transactions, information sharing and collaboration required between the buying company and the vendor can be very manual and time consuming.  These tasks also reach across multiple departments such as risk management, accounts payable, legal, security, finance, procurement and many other.  Many of these tasks surround collecting and continually updating information from those vendors.  […]

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Data Capture, Assembly, & Import

March 22, 2017

Extracting accurate data from invoices and dynamic documents in different forms and from multiple channels has always been a challenge.  But an even larger issue is feeding that data to a processing platform in a consistent format.  ICG’s data capture, assembly, and import tools provide a mechanism by which invoice records and related documents (email, […]

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