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.
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 FullRemember 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 FullThe investment may be worth it, but there are upfront and ongoing costs. As summer winds down and we head into budgeting season, many companies will have Artificial Intelligence (AI) solutions on their radar for the upcoming budget year. When formulating your budgets keep in mind that the costs of implementing advanced AI in an […]
Read FullWhile 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 FullA variety of functions depending on industry & vendor management process A vendor portal is a central platform for vendors or suppliers to communicate, collaborate, and transact with an organization. The specific features and functions can vary depending on the organization’s needs and the vendor management process. Common functions you can expect from a vendor […]
Read FullContact ICG Consulting today to start a conversation on how ICG’s AI assisted data capture solutions can deliver immediate value to your financial back-office.
Read FullWhere to leverage artificial intelligence AI-assisted applications can greatly drive financial back-office automation by streamlining processes, reducing manual effort, and increasing accuracy. Here are a few AI-powered applications that can be utilized in financial back-office automation: Accounts Payable Automation (AP): AI-assisted software can automate repetitive tasks such as data entry, report generation, and invoice processing. […]
Read FullAI can be an enabling technology and need not be an “all or nothing” proposition. Using elements of AI to augment and strengthen embedded technology solutions can provide significant short-term benefit
Read FullAI Leads to Efficiency AI is already having a significant impact on financial back-office operations, and its influence is expected to increase exponentially in the coming years. While many will see opportunity others will not be so be so optimistic. AI is here to stay and its influence and presence will become ubiquitous. Here are […]
Read FullCost per invoice = (Total personnel costs + Total overhead costs + Total technology costs + Other costs) / Total number of invoices processed
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