Data Capture – So Many Options
October 25, 2023
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 FullIs EDI Right for Your AP Operation?
October 4, 2023
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 FullBenefits of Rules-Based Workflow Automation
September 26, 2023
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 FullBenefits of Dynamic Discounting in a High-Interest Rate Environment
September 5, 2023
A win for buyer and supplier In today’s fast-paced and high interest rate environment, maintaining strong supplier relationships is essential. One way to achieve this while also maximizing savings is by offering suppliers a dynamic discounting program. This financial strategy becomes even more compelling in a high-interest rate environment where certain suppliers struggle with the […]
Read FullBest of Breed Applications: Unleashing the Power of Specialization
In the ever-evolving landscape of business technology, the debate between Best of Breed (BoB) applications and Enterprise Resource Planning (ERP) systems continues to gain momentum. While both options have their merits, this blog post will delve into the distinct advantages of Best of Breed applications over ERP systems.
Read FullNot All OCR Solutions are Created Equal
August 23, 2023
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 FullTransforming Your Financial Back-Office: Cost Center to Profit Center
August 9, 2023
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 FullBudgeting for AI in Accounts Payable
July 31, 2023
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 FullThe Power of AI in Accounts Payable
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.
Read FullVendor Portals – Many Uses, Big Value
July 6, 2023
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