Procurement and finance are two crucial departments within any organization that have a significant impact on its success. When these two departments work together, they can significantly improve the vendor management efforts of an organization resulting in cost savings, better vendor relations, and healthier supply chains.
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Vendor self-service can help mitigate effects of a tight labor market and cost pressures. Vendor self-service is a term used to describe a set of tools and processes that allow vendors to manage their own information and interactions with a company. It is a way for businesses to empower their vendors, giving them the tools […]
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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.
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Cloud based solutions are very popular and have become the standard for deploying business applications. Analysts predict companies will continue to drive double digit growth in adoption of cloud-hosted solutions for years to come. But there are a number of factors to consider for users and buyers of cloud based solutions because there are the different types of cloud infrastructures and implementations which could have a big impact on the availability, performance, and security of your application and data.
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Automated PO Dispatch & Update solutions delivers value, savings, and efficiency and are designed for rapid deployment in a centralized or remote processing environment to support smooth running supply chains.
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With a new year comes new challenges and new opportunities for all of us. The key to making sure we turn those challenges into opportunities is being proactive in taking on the challenges presented head on.
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An economic slowdown or perhaps even a recession is here, and for those of us who have been doing this for a while we have seen this movie before and we know how it plays out. As budgets are submitted and planning is underway for 2023, the financial back-office, i.e., Accounts Payable (AP), Accounts Receivable (AR), Procurement, Payroll and many other back-office functions are in the cross-hairs for cutbacks.
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question is that ICG is a different kind of solution provider because we focus first on the business issues that need to be addressed and then configuring a solution from the technology based tools that we have developed. One size does not fit all.
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Vendor Management has become increasingly complex and with new regulations and the increasing important role of stable supply chains the level of complexity will only increase.
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Accounts Payables key role in contributing to a companies cash flow. In these uncertain economic times AP can play a prominent role in the cash management process by deploying a number of tools and processes that will impact their companies cash flow. After all, accounts payable is one of the largest, if not the largest, dispenser […]
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