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Vendor Self Service Posts

Hidden Costs of Manual Vendor Onboarding

Look beyond direct labor costs for the real picture Manual vendor onboarding (supplier onboarding) processes come with several inherent risks and numerous hidden and potentially significant costs that organizations need to be aware of. These risks can impact efficiency, accuracy, total cost, and overall effectiveness of an onboarding process. Here are some common risks and […]

Read Full December 7, 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

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

Vendor Portals – Many Uses, Big Value

Variety of functions depending on industry & vendor management process A vendor portal typically serves as a central platform for vendors or suppliers to communicate, collaborate, and transact with a company or organization. The specific features and functions can vary depending on the organization’s needs and the vendor management process. Here are some common functions […]

Read Full July 6, 2023

Automate Your Vendor Onboarding Process

Save money while accruing more great benefits! Automating the vendor onboarding process can provide a number of benefits in addition to significant cost savings for businesses. Below we discuss a number of the benefits of implementing a cloud-hosted, automated suppler onboarding portal: Let’s start the discussion by addressing the most obvious, and possibly most important, […]

Read Full June 20, 2023

Vendor Management Portals

What are they? Why do I need one? Vendor management portals, also referred to as vendor portals or supplier portals, are cloud-hosted software platforms that allow organizations to efficiently manage their relationships with suppliers, vendors, and contractors. Some of the key features and benefits of a vendor management portal include: Centralized Database: A vendor management […]

Read Full May 11, 2023

Why Procurement Needs Vendor Portals

Increase efficiency, decrease vendor risk and track service levels Vendor portals offer many benefits to procurement departments. We will look at some general benefits these highly collaborative, cloud-hosted portals provide then dig a little deeper at some specific procurement related functionality. Vendor portals and supplier portals offer several benefits to procurement, including: Vendor portals can […]

Read Full May 1, 2023

Vendor Onboarding Automation

Vendor onboarding portals, also know as supplier portals, are an essential tool for businesses that want to streamline their procurement processes. These portals can automate many of the tasks associated with vendor onboarding, such as collecting and verifying supplier information, ensuring compliance, managing contracts, and processing payments.

Read Full April 12, 2023

Procurement & Finance – Team Vendor Management

Procurement and finance are two crucial departments within any organization that have a significant impact on its success. When these two departments work together, they can significantly improve the vendor management efforts of an organization resulting in cost savings, better vendor relations, and healthier supply chains.

Read Full March 30, 2023