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As budget season approaches it may be time for your organization to take a look at cloud hosted solutions for portal based procure-to-pay processes. In addition to cloud hosted AP Automation, there are a number of other processes that lend themselves to automation and vendor self-service via vendor portals or supplier portals. Join ICG for […]
Vendor portals (supplier portals) can be a powerful tool in enabling vendor self-service in your organization from your procurement and purchasing operations to the accounts payable department. By leveraging the flexibility of a supplier or vendor portal, companies can automate non-value add processes and let vendors collaborate with your organization on-line, 24×7 from anywhere in […]
While finance and treasury departments are arming themselves with tools and processes to help monitor and conserve cash in these uncertain times, Accounts Payable can play a prominent role in this process as well.
Getting it right from the start will pay big dividends in both money saved and securing your supply chains with a strong vendor community!
Vendor Portals, or Supplier Portals as some refer to them, have been around for many years but recently are rapidly becoming a must have technology for vendor management. From Procurement to Accounts Payable, a vendor portal provides an important platform for parties to communicate, collaborate, and transact 24×7 from anywhere in the world. In the […]
…while these systems provide lots of value they also leave behind gaps of functionality that may seem small but none-the-less can have significant downstream impact.
More and more companies are tracking their companies “diverse” vendor population and reporting on purchase percentages and total spend dollars with these diverse vendors. In these current times many companies have redoubled their efforts, or started new initiatives, to insure their organizations have diversity within their vendor and supplier populations. For starters, it is important […]
For many organizations obtaining and sharing critical supplier information between different functional areas can be a frustrating task. Siloed organizational structures, disparate systems that don’t communicate with each other and differing business objective are factors that contribute to this situation. In fact, other key areas that have a stake in supplier relations such as supply […]
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Celebrate your associates and peers this Accounts Payable Appreciation Week! AP week 2020 is different from the others as all of our day-to-day activities are different than they have ever been. Many of our friends, peers, and associates are working remote or in scaled down operations. They are the lucky ones! So many in the […]
