ICG’S SOLUTIONS FOR AP MANAGERS
CUSTOMIZABLE ACCOUNTS PAYABLE SOLUTIONS
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:
- Automated data capture beyond the basics
- Vendor-specific capture and derivation rules based on automated reinforcement learning
- Leverage OCR/AI to automate GL coding for NonPO Invoices
- Reallocate data entry resources to other value-added activities
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.”
Choose & Customize Your Solutions
NonPO and PO Automated Workflows
ICG’s automated AP workflow solutions are game changers for AP managers. 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, duplicate checks, and more
vendor portals
Vendor Portals promote vendor self-service, which in turn allows for:
- Reduced vendor phone calls
- Placing the remittance advice in the hands of the people who need it
- Consolidation of various payment/processing systems to present a one-stop solution for your vendors
Working with AP Managers at:
Our Process
Document Analysis
ICG runs a large sampling of your documents against our solutions to help you visualize what we can do before you invest.
Reinforcement Learning
Our solutions have built-in reinforcement learning that improves results without your team intervening.
Augment Existing Technology
ICG’s solutions are meant to enhance your existing technology, not replace it.
Our Process
Document Analysis
ICG runs a large sampling of your documents against our solutions to help you visualize what we can do before you invest.
Reinforcement Learning
Our solutions have built-in reinforcement learning that improves results without your team intervening.
Augment Existing Technology
ICG’s solutions are meant to enhance your existing technology, not replace it.
Responsible AI
At ICG, we believe that trustworthy outcomes are of utmost importance. That’s why ICG is committed to using only responsible AI in all of our solutions. Using guardrails and rules, we create secure, reliable software that utilizes AI to minimize hallucinations and stay on the leading edge of 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.
See ICG's solutions in action
Schedule your free demo by filling out the form below.