With a new year comes new challenges and new opportunities for all of us. The key to making sure we turn those challenges into opportunities is being proactive in taking on the challenges presented head on.
An economic slowdown or perhaps even a recession is here, and for those of us who have been doing this for a while we have seen this movie before and we know how it plays out. As budgets are submitted and planning is underway for 2023, the financial back-office, i.e., Accounts Payable (AP), Accounts Receivable (AR), Procurement, Payroll and many other back-office functions are in the cross-hairs for cutbacks.
question is that ICG is a different kind of solution provider because we focus first on the business issues that need to be addressed and then configuring a solution from the technology based tools that we have developed. One size does not fit all.
Vendor Management has become increasingly complex and with new regulations and the increasing important role of stable supply chains the level of complexity will only increase.
The goal of a vendor self-service initiative is to redeploy human resources to more value added tasks by transferring the responsibility of vendor centric activities back to the vendor.
Does your company view vendor management as just another back-office function to be administered by procurement and accounts payable (AP)?
As managers search for areas of opportunity to shore up the bottom line in these economic times, one area of hidden value that is often overlooked is the financial back-office.
The time is now to drive efficiencies in your back-office operations The signs are all there: supply chain disruptions, increasing interest rates, high levels of inflation and now we are starting to see layoffs in certain companies and industries. An economic slowdown, perhaps even a recession, is here and for those of us who have […]
There has to be a better way! A vendor packet is a collection of forms and documents that a buyer sends to a potential new vendor in order to gather the required information to establish a business relationship. These packets generally include all the necessary information needed to set up a new vendor for payment […]
As we head closer to 2022 the new year promises a time of continued challenges and lots of opportunity. With the emergence and wider adoption of new information management technologies like Blockchain, Robotic Process Automation, Big Data or IOT, companies have more options for managing actionable data than ever before. While these technologies may not […]