While very few of us will miss 2020 and are happy with the arrival of 2021, certainly many challenges remain before us. At ICG we are optimistic about the weeks and months ahead and with the proper planning and preparation opportunity abounds. We see three major themes emerging for 2021 and beyond for financial back-office […]
First, all of our solution pricing will still be based on a “fixed fee” model where what we quote is what you pay… period! What has changed is we have evolved our pricing model from module based pricing to function based pricing.
One trend we have seen in our customer base is companies who are investing in back-office applications to reduce costs and help offset the steep declines in revenue.
ICG’s PO Dispatch & Update solution delivers value, savings, and efficiency and is designed for rapid deployment in a centralized or remote processing environment to support business continuity and smooth running supply chains. Cloud hosted and portal based, ICG’s PO Dispatch & Update solutions can help insure that your suppliers receive, acknowledge and respond to the purchase orders […]
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 […]
It is time to take a look at your back-office processes and target areas where you can increase efficiency.
“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,”
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.
…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.
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 […]