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Word of the Week: Vendor Portals

What 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.

Among the functions a Vendor Portal can provide is to allow organizations to streamline the Vendor Onboarding process via vendor self-service as well as increase efficiency through web based invoicing, online payment inquiry, and AP Automation which is all based on a cloud hosted implementation.

At ICG, we also help provide a bridge between your suppliers, customers, employees, and the critical information they need to work efficiently. We offer hands-on, all-encompassing solutions by taking into account your current AP/AR processes as well as your technology requirements. Our solutions are technology-agnostic and can be integrated into your current system and/or buying network . Contact ICG today for more info or request a DEMO of any of ICG Consulting’s many vendor management solutions.