Cloud based solutions are very popular and are quickly becoming the standard for deploying business applications. Current estimates are that companies will continue to drive double digit growth in adoption of cloud based solutions well into the future. The benefits of cloud hosted solutions, both financial and operational, are well documented and fairly well established […]
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Obtaining and sharing critical supplier information between different functional areas in an organization can be a very frustrating task, particularly between the procurement and finance operations. Siloed organizational structures, disparate systems that don’t communicate with each other, corporate culture, and differing business objectives are factors that contribute to this situation. These differences impact not only […]
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For many companies vendor management is treated as just another back-office function to be administered by procurement and accounts payable. But are those companies putting their organizations at risk, or at very least missing out on opportunities for more efficient supply chains by not taking a more strategic view of vendor management? For organizations in […]
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It is time to take a look at your back-office processes and target areas where you can increase efficiency.
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Thinking outside the box, or in this case the enterprise software box, can benefit your organization by filling those gaps that are costing your company time, money and opportunity! The pendulum had swung from companies adopting best of breed solutions back to opting for large, enterprise solutions with lots of bells and whistles. The reason […]
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Today as cloud based applications are becoming more ubiquitous, AP automation, including many of the sophisticated technologies that were out of reach in the past, has become more affordable and available to many more companies.
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Lately one trend seems to be a swing back to companies looking at “best-of-breed’ solutions to address a myriad of business issues. This seems to be reversing a cycle where many CIOs were choosing to go with ubiquitous ERP systems to address most of their business processes.
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By taking a proactive approach you can better manage your critical supply chains and avoid costly delays and last minute surprises. ICG’s solution even provides the capability for the buying organization to request updates on specific line items within the PO.
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Getting it right from the start will pay big dividends in both money saved and securing your supply chains with a strong vendor community!
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The COVID19 pandemic has brought about many changes in our daily lives, some of these changes will be temporary and will fade as the pandemic fades. But other aspects of our daily lives, and in particular our professional lives, will be changed for the long term. Nowhere will that be felt by more people than […]
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