ICG’S SOLUTIONS FOR AP MANAGERS
CUSTOMIZABLE ACCOUNTS PAYABLE SOLUTIONS
Working with AP Managers at:
Automated Workflow and Approval Routing
ICG’s automated workflow and approval routing solutions are game-changers for AP Managers. Here’s how it can help:
- Only define approver hierarchies once
- Pre-define rules for routing such as vendor, amount, or department.
- Use AI and ML for exception routing
Reporting and Dashboards
This solution provides insights into key AP metrics, making it easier for AP Managers to find important information at a glance. For example:
- Cost per invoice
- Invoice processing time
- Days payable outstanding
OCR For AP Managers
ICG offers leading-edge OCR solutions equipped with AI and ML to achieve high rates of extraction and indexing. Some ways AP Managers can benefit from OCR are:
- Standard and specialized invoice processing
- Exception Handling
- Automated GL Coding and Mapping
- Routing documents for workflow automation
ICG’s OCR implementation at Love’s Travel Stops and Country Stores allowed the organization to achieve not only a ~99% extraction rate, but also an 80% rate of automatic key field indexing. Read the case study.
What AP Managers are saying about ICG
“Since implementing OCR, our AP team has gained back over two hours per person, every day. It’s been a game-changer for efficiency and productivity.”
Integrate With Your Current ERP
When your ERP can’t provide you with the process efficiencies your organization needs, ICG’s bolt-on solutions are a great option because they are all ERP agnostic. This simplifies the process of making changes to your ERP when switching or replacing isn’t an option.
See ICG's solutions in action
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