FINANCIAL SERVICES & BANKING SOLUTIONS

OCR For Financial Services & banking

ICG offers leading-edge OCR solutions equipped with AI and ML to achieve high rates of extraction and indexing. Some ways banking companies can use this technology are:

Standard and specialized invoice processing
Vendor onboarding form processing
Internal claims processing
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.

Choose & Customize Your Solutions

Vendor Onboarding and portals

ICG’s vendor onboarding processes and portals help businesses to save time and money in the following ways:

Reduce bank fraud through Bank Account verification down to the owner
TIN, OFAC, and other watchlists
Customizable workflows
Promoting Vendor Self-Service
Simplifying Vendor Communication
Collaborative Issue Resolution

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Diagram showing the vendor onboarding process

NonPO and PO Automated Workflows

ICG’s automated AP workflow solutions are essential for back office teams. Here’s how they can help:

Pre-define approval routing based on department, amount, and vendor, based on your specific requirements
Automate 2, 3, and 4-way matching along with routing based on outcomes
Use AI and ML for anomaly detection, exception routing, and more

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A Few Of The Companies That Trust ICG:

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Service You Can Count On

All-In-One

ICG has solutions that improve efficiencies and compliance throughout your financial back office.

Experience

ICG has been a trusted partner to many leading companies since 1990.

Configurable

Solutions are customizable to meet your goals without disrupting your existing technology.

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.