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Cloud based solutions are very popular and are quickly becoming the standard for deploying business applications. Current estimates are that companies will continue to drive double digit growth in adoption of cloud based solutions well into the future. The benefits of cloud hosted solutions, both financial and operational, are well documented and fairly well established […]
Obtaining and sharing critical supplier information between different functional areas in an organization can be a very frustrating task, particularly between the procurement and finance operations. Siloed organizational structures, disparate systems that don’t communicate with each other, corporate culture, and differing business objectives are factors that contribute to this situation. These differences impact not only […]
“Suppliers who can submit invoices through electronic means generally can get paid faster and experience less payment issues from keying errors in the buyers AP department,”
Vendor Management covers many different areas of how companies identify, onboard, and transact with vendors and suppliers who supply goods and services to their organization in exchange for payment. The processes involved in managing these vendor centric activities can vary greatly by industry, company, and even departments within a company. Companies that rely heavily on […]
Partner for Success – stronger supply chains, efficient processes, and automated operations The opportunities that are available to companies when procurement, finance and vendors communicate and collaborate are plentiful. Utilizing tools and solutions that insure you are onboarding vendors that are healthy and in compliance with company, industry, and governmental regulations is the start to […]
For many companies vendor management is treated as just another back-office function to be administered by procurement and accounts payable. But are those companies putting their organizations at risk, or at very least missing out on opportunities for more efficient supply chains by not taking a more strategic view of vendor management? For organizations in […]
What are some obstacles or successes you have had transitioning to a remote workforce? You will hear from two industry leaders who had to transform their large AP operations into fully functioning remote operations virtually overnight as the pandemic caused businesses to close their onsite operations to employees. Matt Mitchell, VP of Financial Shared Services […]
Remote Workforce in the Financial Back-Office On Thursday, September 16th at 11am PDT, 2PM EDT ICG Consulting will be hosting an informative webinar on remote/hybrid workforce in the financial back-office. You will hear from two industry leaders who had to transform their large AP operations into fully functioning remote operations virtually overnight as the pandemic […]
It is time to take a look at your back-office processes and target areas where you can increase efficiency.
Thinking outside the box, or in this case the enterprise software box, can benefit your organization by filling those gaps that are costing your company time, money and opportunity! The pendulum had swung from companies adopting best of breed solutions back to opting for large, enterprise solutions with lots of bells and whistles. The reason […]
