Vendor Management – Are You Doing it Right?
Does your company view vendor management as just another back-office function to be administered by procurement and accounts payable (AP)?
Read FullOur configurable solutions can be rapidly implemented to equip your workers with the tools they need to process transactions and manage vendors from any location.
Does your company view vendor management as just another back-office function to be administered by procurement and accounts payable (AP)?
Read FullAs managers search for areas of opportunity to shore up the bottom line in these economic times, one area of hidden value that is often overlooked is the financial back-office.
Read FullThe time is now to drive efficiencies in your back-office operations The signs are all there: supply chain disruptions, increasing interest rates, high levels of inflation and now we are starting to see layoffs in certain companies and industries. An economic slowdown, perhaps even a recession, is here and for those of us who have […]
Read FullProcurement. Finance. Vendors. Keys to an effective vendor management program. An important part of smooth operating supply chains is onboarding and managing the vendors and suppliers that are key to your organizations success. Once onboarded it is critical that all the key stakeholders from procurement (purchasing), finance (accounts payable) and the vendor (supplier) communicate and […]
Read FullWhy your organization needs vendor portals Vendor portals (supplier portals) can be a powerful tool in enabling a vendor self-service based vendor management program in your organization. The functionality can provide tremendous benefits to your procurement and purchasing operations as well the finance and accounts payable departments. By leveraging the flexibility of a supplier portal, […]
Read FullWhy Vendor Management is Important Vendor management has been getting increased exposure among large businesses lately. Some of that can be attributed to the times we are in and the increased focus on those critical suppliers and vendors in your supply chain. Now more than ever it is critical to manage key vendors by insuring […]
Read FullLearn more about ICG’s software analysis process As a software business analyst, it’s a fun job to work along side software developers and test the client applications they develop. It’s intriguing to help and watch a solution being developed that will eventually be used by a myriad of users in many different locations, performing many […]
Read FullBack-office changes coming in 2022 As we head closer to 2022 the new year promises a time of continued challenges and lots of opportunity. With the emergence and wider adoption of new information management technologies like Blockchain, Robotic Process Automation, Big Data or IOT, companies have more options for managing actionable data than ever before. […]
Read FullObtaining 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 the […]
Read Full“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,”
Read Full