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Data Capture Posts

“Data Liberation: Rationalizing Unstructured Data in Back-Office Operations”

The rationalization of unstructured data emerges as a transformative force. In the intricate dynamics of back-office operations, data is both the enigma and the solution. Unstructured data, in its myriad forms—emails, documents, images—holds untapped potential waiting to transform the efficiency and strategic capabilities of organizations. In this blog post, we explore the significance of rationalizing […]

Read Full November 30, 2023

Is Your Solution Capturing the Right Data?

You may be getting accurate extractions, but is it capturing the data you need? All data capture solutions, and solution providers, are not created equal. Capturing data accurately and capturing the right data are both essential aspects of effective data collection and management, but they refer to slightly different concepts that will have a major […]

Read Full November 8, 2023

Data Capture – So Many Options

Open the file above to view or download the informative data capture presentation that discusses options for making strategic decisions for your data capture operations.

Read Full October 25, 2023

Is EDI Right for Your AP Operation?

Factors to consider in evaluating EDI In today’s economically challenging business landscape, organizations are constantly seeking ways to streamline their operations and improve efficiency. One area where this is particularly important is Accounts Payable (AP), where managing invoices, payments, and vendor relationships can be a complex and time-consuming process. Electronic Data Interchange (EDI) is a […]

Read Full October 4, 2023

Benefits of Rules-Based Workflow Automation

In today’s fast-paced business world, efficiency is key. Organizations are constantly seeking ways to streamline their processes and reduce manual labor. One powerful solution is rules-based workflow automation.

Read Full September 26, 2023

Data Capture – So Many Options!

Advances in technology continue to expand the possibilities for data capture, making it increasingly important in the modern data-driven world. The most important aspect of taking advantage of the right set of data capture technologies is to have a thorough understanding of the data, your vendors, your companies requirements, and the financial contribution you expect.

Read Full September 14, 2023

Not All OCR Solutions are Created Equal

It’s all about understanding the content and process Understanding the documents is extremely valuable when setting up a successful AI OCR (Optical Character Recognition) solution. OCR technology is used to extract text and information from images or scanned documents, and its effectiveness depends on understanding the quality and relevance of the documents being processed. Here’s […]

Read Full August 23, 2023

12 Areas to Reduce Back-Office Costs

Is your financial back-office as efficient and cost effective as it can be? Reducing back-office costs is a common goal for many organizations looking to improve their financial efficiency. As you construct your budgets and develop operating plans for your financial back-office, here are some top strategies that can help you achieve increased efficiency, cost […]

Read Full August 16, 2023

Transforming Your Financial Back-Office: Cost Center to Profit Center

Remember that transforming the financial back office into a profit center requires a well thought out strategic approach, alignment with organizational goals, and ongoing efforts to innovate and adapt to changing market conditions.  Start a discussion with ICG Consulting about your back-office goals or request a demonstration of ICG’s back-office automation solutions that can help you to transform your financial back-office. 

Read Full August 9, 2023

Budgeting for AI in Accounts Payable

The investment may be worth it, but there are up front and ongoing cost. As summer winds down and we head into budgeting season, many companies will have Artificial Intelligence (AI) based solutions on their radar for the upcoming budget year. When formulating your budgets keep in mind that the costs of implementing advanced AI […]

Read Full July 31, 2023