Blog
Common Issues in the Financial Back Office
One of the most common issues found in financial back-office operations is the use of inefficient manual processes. Many of these operations still rely on manual processes for tasks such as data entry, record-keeping, and reporting.
How to Reduce Costs and Increase Efficiency
Reducing costs and increasing efficiency in the financial back office is a top priority for many companies that continue to prepare their...
Benefits of Implementing Best-of-Breed
In today’s rapidly evolving business landscape, organizations are constantly seeking ways to optimize their operations, reduce costs, and enhance productivity. One way to achieve these goals is by investing in best-of-breed business solutions. These solutions are designed to provide superior functionality, flexibility, and scalability than their all-in-one counterparts, such as ERP platforms.
The Importance of Vendor Self-Service
What is it? Vendor self-service is a term used to describe a set of tools and processes that allow vendors to manage their information and...
Finding the Right AP Automation Solution
Factors to consider in an AP automation solution The decision to invest in AP automation technology is crucial, with the potential to revolutionize...
Are Your Vendors Compliant?
These highly configurable, cloud-hosted solutions provides our clients peace of mind that their vendor remain in compliance and their vendor master data is up to date, reducing any risk of liability.
What Cloud Solution Works Best for You?
Cloud based solutions are very popular and have become the standard for deploying business applications. Analysts predict companies will continue to drive double digit growth in adoption of cloud-hosted solutions for years to come. But there are a number of factors to consider for users and buyers of cloud based solutions because there are the different types of cloud infrastructures and implementations which could have a big impact on the availability, performance, and security of your application and data.
Automated PO Dispatch & Update Solutions
Automated PO Dispatch & Update solutions delivers value, savings, and efficiency and are designed for rapid deployment in a centralized or remote processing environment to support smooth running supply chains.
Economic Slowdown: Don’t Get Caught in the Budget Squeeze!
An economic slowdown or perhaps even a recession is here, and for those of us who have been doing this for a while we have seen this movie before and we know how it plays out. As budgets are submitted and planning is underway for 2023, the financial back-office, i.e., Accounts Payable (AP), Accounts Receivable (AR), Procurement, Payroll and many other back-office functions are in the cross-hairs for cutbacks.
What Makes ICG Different?
question is that ICG is a different kind of solution provider because we focus first on the business issues that need to be addressed and then configuring a solution from the technology based tools that we have developed. One size does not fit all.
Automated Vendor Onboarding Process
Automating the vendor onboarding process can provide many benefits in addition to significant cost savings for businesses. Below we discuss a number...
AI in Procurement
AI (artificial intelligence) increases performance, lowers vendor risk, and decreases costs in procurement operations. Here are some key areas where...
AI-Assisted Back-Office Applications
AI-assisted applications can greatly drive financial back-office automation by streamlining processes, reducing manual effort, and increasing...
Artificial Intelligence Impacts on Business
AI can be an enabling technology and need not be an “all or nothing” proposition. Using elements of AI to augment and strengthen embedded technology solutions can provide significant short-term benefit
AI in Data Capture and OCR
Artificial Intelligence (AI) plays a crucial role in data capture and OCR (Optical Character Recognition) applications, revolutionizing the way we process and extract information from various sources. For accounts payable (AP) departments and other financial back-office areas, AI assisted data capture can provide tremendous efficiencies and increased accuracy.
AI’s Impact on the Financial Back Office
AI is already significantly impacting financial back-office operations, and its influence is expected to increase exponentially in the coming years....
Why Procurement Needs Vendor Portals
Vendor portals offer many benefits to procurement departments. In this blog, we will look at some general benefits these highly collaborative,...
What Is My Cost per Invoice?
Cost per invoice = (Total personnel costs + Total overhead costs + Total technology costs + Other costs) / Total number of invoices processed
Vendor Packets and Vendor Onboarding
So, what exactly is included in a vendor packet? The contents can vary greatly depending on the industry and the needs of the business.
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