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Vendor Portals: Choices, Choices, Choices!

A vendor portal (or supplier portal) refers to a portal that allows vendors to access and provide the buying company with necessary information in the form of documents or data as well as access documents and data provided by the buying company related to the transactions between the two organizations.  Submitting invoices, tracking payments and […]

Read Full February 24, 2020

Data Capture, More Than it Appears

a mistake many companies make is that they become too focused on OCR as an end all tool and as a result ultimately end up frustrated that they are not seeing the efficiencies and economies that were promised

Read Full January 31, 2020

Happy Holidays from ICG!

We wish all of our customers, partners, vendors, and friends a very happy and safe holiday season. We appreciate your continued support and look to a prosperous 2020 for all of us. We look forward to demonstrating and implementing our award winning solutions to many more of you in the upcoming year. Ask us about […]

Read Full December 9, 2019

Best-of-Breed is Back!

Lately one trend seems to be a swing back to companies looking at “best-of-breed’ solutions to address a myriad of business issues. This seems to be reversing a cycle where many CIOs were choosing to go with ubiquitous ERP systems to address most of their business processes.

Read Full November 20, 2019

Compliance

Back Office Word of the Week 11/4/19 In business, Compliance is defined as the confirmation that a provider of a service or a manufacturer or supplier of goods, adheres to all the requirements, regulations, legislation and specific standards of a contract. Ongoing maintenance and tracking of expiring certificates, licenses, permits and contracts is necessary to […]

Read Full November 6, 2019

Vendor Packet

Back Office Word of the Week 10/21/19 A vendor packet is a collection of forms and documents that a buyer sends to a potential new vendor in order to start a relationship. The packet includes all the necessary information needed to set up a new vendor for payment and compliance. Vendor packets can be relatively […]

Read Full October 21, 2019

Supplier Onboarding

Back office Word of the Week 10-14-19 Supplier onboarding, or vendor 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 supplier onboarding or vendr […]

Read Full October 15, 2019

Vendor Self-service

Portal based tools that deliver tremendous value and reduce risk. Vendor self-service is becoming a very popular trend in procurement, accounts payable and finance because of the tremendous value it delivers. Very simply “vendor self-service” is the process by which vendor management activities are directed away from the buying company to the the vendor, or […]

Read Full September 24, 2019

Vendor Management

Back Office Word of the Week – 9/16/19 Vendor Management (sometimes called Supplier Management) is the process by which a buyer formalizes a relationship with their vendors and suppliers and manages that relationship through its lifecycle. The first step in a Vendor Management is typically procurement, where a buyer sources and negotiates a contract with […]

Read Full September 16, 2019