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Advances in technology continue to expand the possibilities for data capture, making it increasingly important in the modern data-driven world. The most important aspect of taking advantage of the right set of data capture technologies is to have a thorough understanding of the data, your vendors, your companies requirements, and the financial contribution you expect.
Read FullA win for buyer and supplier In today’s fast-paced and high interest rate environment, maintaining strong supplier relationships is essential. One way to achieve this while also maximizing savings is by offering suppliers a dynamic discounting program. This financial strategy becomes even more compelling in a high-interest rate environment where certain suppliers struggle with the […]
Read FullRemember that transforming the financial back office into a profit center requires a well thought out strategic approach, alignment with organizational goals, and ongoing efforts to innovate and adapt to changing market conditions. Start a discussion with ICG Consulting about your back-office goals or request a demonstration of ICG’s back-office automation solutions that can help you to transform your financial back-office.
Read FullThe investment may be worth it, but there are up front and ongoing cost. As summer winds down and we head into budgeting season, many companies will have Artificial Intelligence (AI) based solutions on their radar for the upcoming budget year. When formulating your budgets keep in mind that the costs of implementing advanced AI […]
Read FullCommon goals = big payoffs. Collaboration between procurement and finance is a key element to improving efficiency and profitability in your organization. Here are some ways they can work together: In summary, collaboration between procurement and finance is essential to improving efficiency and profitability. By working together on cost analysis, supplier management, TCO analysis, cash […]
Read FullVariety of functions depending on industry & vendor management process A vendor portal typically serves as a central platform for vendors or suppliers to communicate, collaborate, and transact with a company or organization. The specific features and functions can vary depending on the organization’s needs and the vendor management process. Here are some common functions […]
Read FullContact ICG Consulting today to start a conversation on how ICG’s AI assisted data capture solutions can deliver immediate value to your financial back-office.
Read FullSave money while accruing more great benefits! Automating the vendor onboarding process can provide a number of benefits in addition to significant cost savings for businesses. Below we discuss a number of the benefits of implementing a cloud-hosted, automated suppler onboarding portal: Let’s start the discussion by addressing the most obvious, and possibly most important, […]
Read FullWhere to leverage artificial intelligence AI-assisted applications can greatly drive financial back-office automation by streamlining processes, reducing manual effort, and increasing accuracy. Here are a few AI-powered applications that can be utilized in financial back-office automation: It’s important to note that while AI-assisted applications can automate several aspects of financial back-office operations, human oversight and […]
Read FullAI can be an enabling technology and need not be an “all or nothing” proposition. Using elements of AI to augment and strengthen embedded technology solutions can provide significant short-term benefit
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