Our configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
As we are all coping with the new realities the COVID19 pandemic has created we also must start to look towards the future. While we are certainly going to enter a recession, the depth and length of such a downturn to our economy is unknown. What is known is that as we come out of […]
Read FullA vendor portal (or supplier portal) refers to a portal that allows vendors to access and provide the buying company with necessary information in the form of documents or data as well as access documents and data provided by the buying company related to the transactions between the two organizations. Submitting invoices, tracking payments and […]
Read FullWord of the Week – 10/7/19 Document Capture refers to software applications the provide the ability to automate the process of scanning paper documents or importing electronic documents. ICG specializes in the Document Capture of invoices for Accounts Payable environments. There are four main types of documents captured in the AP world. Scan/DATA Entry Scan/OCR […]
Read FullOne of the most popular trends today in business is moving from on-premise and maintaining business applications on internal servers to cloud based applications. There are several reasons for this trend but two of the most common are that it reduces internal costs, particularly IT costs, and a greatly reduced IT role in getting new […]
Read FullWorkflow Workflow, sometimes referred to as Business Process Management (BPM), in the accounts payable world, is the required tasks needed to approve a payment to a vendor or creditor based on a predetermined set of rules. These rules can range from highly complex to fairly simplistic depending on the nature of the AP process. These […]
Read FullData Capture Is the process of “capturing” and converting information from documents (paper or electronic) into a form that can be handled electronically, and preferably with little or no human intervention. In an Accounts Payable (AP) environment this information is extracted from invoices of varying formats and file types so the invoices can be processed […]
Read FullTo take advantage of all the benefits of hosting an application in the cloud, you do not have to compromise functionality or configurability. Most business applications in the cloud today are offered as Software as a Service, or SaaS as it is commonly referred to. For many applications SaaS is a perfect delivery model for […]
Read FullInvoice Matching Invoice matching is the comparing and linking of a supplier invoice with the underlying data on which the cost is based, such as a contract or purchase order (PO). Usually companies will perform a 2 or 3 way match. A two way match compares the invoice amount to the corresponding PO. If the amounts […]
Read FullPO Flip A PO Flip, is essentially a conversion of a purchase order into an invoice. Usually done electronically or through an automated solution such as a Vendor Portal or Supplier Portal. In a PO Flip scenario the vendor would enter a PO number into a web form and the the buying company’s systems would […]
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