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.
These highly configurable, cloud-hosted solutions provides our clients peace of mind that their vendor remain in compliance and their vendor master data is up to date, reducing any risk of liability.
Read FullLearn more about ICG’s software analysis process As a software business analyst, it’s a fun job to work along side software developers and test the client applications they develop. It’s intriguing to help and watch a solution being developed that will eventually be used by a myriad of users in many different locations, performing many […]
Read FullWhat to do when you have diverse vendors More and more companies are tracking their companies “diverse” vendor population and reporting on purchase percentages and total spend dollars with these diverse vendors. Many companies have redoubled their efforts, or started new initiatives, to insure their organizations have diversity within their vendor and supplier populations. In […]
Read FullHow to procurement and finance complement each other? For many organizations obtaining and sharing critical supplier information between different functional areas can be a frustrating task. Siloed organizational structures, disparate systems that don’t communicate with each other and differing business objective are factors that contribute to this situation. In fact, other key areas that have […]
Read FullFinancial Back-Office Compliance Financial back-office compliance is the confirmation that a provider of a service or a manufacturer or supplier of goods adheres to all the requirements, regulations, legislation, and specific standards of a contract. Ongoing maintenance and tracking of expiring certificates, licenses, permits and contracts is necessary to ensure compliance. Manual tracking of such […]
Read FullWhat is a vendor packet? A vendor packet is a collection of forms and documents that a buyer sends to a potential new vendor before starting a relationship. The packet includes all the necessary information needed to set up a new vendor for payment and compliance. Vendor packets can be relatively simple or robust depending […]
Read FullWhat is Vendor Management? Vendor Management (sometimes called Supplier Management) is the process by which a buyer formalizes a relationship with their vendors and suppliers and manages that relationship through its lifecycle. How Does Vendor Management Work? The first step in a Vendor Management is typically procurement, where a buyer sources and negotiates a contract […]
Read FullWhat is a TIN Check? When onboarding a new vendor, a TIN Check is an important component of ensuring compliance. A TIN Check verifies that either a Social Security Number (SSN) or an Employer Identification Number (EIN) is valid and matches a person’s or company’s name in the IRS Database. A mismatch occurs when the […]
Read FullWhat is Vendor Onboarding? Vendor onboarding, or supplier onboarding, is the process of gathering the documents and data needed to set up a company as an approved vendor and to enable your organization to efficiently conduct business, purchase goods and services, and make payments to that company. A vendor onboarding solution should offer functionality such […]
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