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Blog

Exploring the Benefits of Contextualizing OCR Data

Why AI is the Key to Contextualizing OCR Data Optical Character Recognition (OCR) is a technology that stands for efficiency and productivity. By converting scanned images and printed text into editable digital files, OCR has revolutionized the way we handle data-intensive tasks. Yet, amidst the buzz surrounding OCR’s capabilities, the power to utilize OCR for […]

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Contextualizing OCR-Captured Back-Office Data with AI

Unlock invoice insights by using AI to contextualize back-office data In today’s data-driven business landscape, the sheer volume of information generated by back-office operations can be overwhelming. From financial transactions to procurement processes, organizations are inundated with data. However, without proper context, this data fails to provide meaningful insights and actionable outcomes. This is particularly […]

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Using AI to Improve Vendor Onboarding

January 3, 2024

Automation and risk management benefits AI can significantly streamline and enhance the vendor onboarding (supplier onboarding) process by automating various tasks, improving efficiency, and ensuring compliance. Here are several ways in which AI can assist in a vendor portal based vendor onboarding program: Implementing AI in vendor onboarding not only accelerates the process but also […]

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Big Changes in the Year Ahead

December 18, 2023

2024 could see a dynamic shift for back-office operations Two emerging trends will offer back-office operations the opportunity to become more efficient as well as become a greater asset to the enterprise based on the ability to quickly and accurately provide data and actionable business information to decision makers. The first trend is in technology […]

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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 […]

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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. 

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The Power of AI in Accounts Payable

July 12, 2023

While the actual savings will vary depending on your company’s specific circumstances, industry and case studies have reported cost savings ranging from 20% to 50% or more in AP departments implementing AI-powered solutions.

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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, […]

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