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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From Procurement to Accounts Payable, a vendor portal provides an important platform for parties to communicate, collaborate, and transact 24×7 from anywhere in the world.
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Unfortunately many companies just can’t get past the cost of that metaphorical “mouse trap” despite the real cost of not buying it.
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While very few of us will miss 2020 and are happy with the arrival of 2021, certainly many challenges remain before us. At ICG we are optimistic about the weeks and months ahead and with the proper planning and preparation opportunity abounds. We see three major themes emerging for 2021 and beyond for financial back-office […]
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First, all of our solution pricing will still be based on a “fixed fee” model where what we quote is what you pay… period! What has changed is we have evolved our pricing model from module based pricing to function based pricing.
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Portal based tools that deliver tremendous value and reduce risk. Vendor self-service is becoming a very popular trend in procurement, accounts payable and finance because of the tremendous value it delivers. Very simply “vendor self-service” is the process by which vendor management activities are directed away from the buying company to the the vendor, or […]
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Vendor portals (supplier portals) can be a powerful tool in enabling vendor self-service in your organization from your procurement and purchasing operations to the accounts payable department. By leveraging the flexibility of a supplier or vendor portal, companies can automate non-value add processes and let vendors collaborate with your organization on-line, 24×7 from anywhere in […]
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…while these systems provide lots of value they also leave behind gaps of functionality that may seem small but none-the-less can have significant downstream impact.
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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 a stake in supplier relations such as supply […]
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Single-tenancy can provide some of the benefits of a private cloud and public cloud. The infrastructure is still maintained by the cloud service provider and the application by the solution provider, but the major difference is the application is designed for your company, to meet the needs of your individual process.
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