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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“Suppliers who can submit invoices through electronic means generally can get paid faster and experience less payment issues from keying errors in the buyers AP department,”
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Partner for Success – stronger supply chains, efficient processes, and automated operations The opportunities that are available to companies when procurement, finance and vendors communicate and collaborate are plentiful. Utilizing tools and solutions that insure you are onboarding vendors that are healthy and in compliance with company, industry, and governmental regulations is the start to […]
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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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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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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 fact, many large corporations now have a Chief […]
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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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