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.
One of the most popular trends today in business is moving from on-premise and maintaining business applications on internal servers to cloud based applications. There are several reasons for this trend but two of the most common are reductions in internal costs, particularly IT costs, as well as a reduced IT role in getting new […]
Read FullWhat are Vendor Portals? A Vendor Portal (or a Supplier Portal as some people call it) is a web-based, vendor management solution that allows you to collaborate with your vendors in a secure, online environment. So what are vendor portals? Let’s talk about it. Among the functions a Vendor Portal can provide is to allow […]
Read FullVendor portal-based vendor onboarding and maintenance, also known as supplier onboarding, can be a very time-consuming process. To combat this, ICG has a set of vendor onboarding tools that provide organizations with powerful self-service, cloud-hosted applications to help them onboard and manage vendors and suppliers. Every aspect of vendor onboarding can be accomplished by implementing a […]
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. It should offer functionality such as vetting and validation […]
Read FullWhat is Data Capture? Data capture is the process of “capturing” and converting information from documents (paper or electronic) into a form that can be handled electronically, and preferably with little or no human intervention. It is present in some form or another in every organization’s financial back-office. An Accounts Payable (AP) environment extracts information […]
Read FullTo take advantage of all the benefits of hosting an application in the cloud, you do not have to compromise functionality or configurability. Let’s talk about how to do this with single tenant cloud solutions. What is SaaS? Software as a Service (SaaS) is the predominant delivery model for cloud-based business applications today. SaaS is […]
Read FullWhat is Invoice Matching? Invoice matching is the comparing and linking of a supplier invoice with the underlying data on which the cost is based, such as a contract or purchase order (PO). Usually companies will perform a 2 or 3 way match. A two way match compares the invoice amount to the corresponding PO. If […]
Read FullWhat is Vendor Self-Service? Vendor Self-Service is a benefit of Vendor Portals and Supplier Portals. They allow a vendor to provide and access information without intervention from the buying company. This data may be necessary for vendor onboarding, compliance or payment or may be the results of payment status or payment dispute inquiries. By providing […]
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