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Four Areas of Opportunity in Vendor Management
Vendor management is very complex, and with the increasingly important role of stable supply chains, this complexity will only increase....
Vendor Management: Are You Doing It Right?
Does your company view vendor management as just another back-office function to be administered by procurement and accounts payable (AP)?
3 Beneficial Back-Office Tools
As managers search for areas of opportunity to shore up the bottom line in these economic times, one area of hidden value that is often overlooked is the financial back-office.
Are You Ready for a Financial Slowdown?
The signs are all here: supply chain disruptions, increasing interest rates, high levels of inflation, and layoffs in certain companies and...
Communicate. Collaborate. Transact.
An important part of smooth-operating supply chains is onboarding and managing the vendors that are key to your organization's success. Once...
Vendor Packets: Step 1 in Onboarding New Vendors
What are Vendor Packets? A vendor packet is a collection of forms and documents that a buyer sends to a potential new vendor to gather the required...
Document & Data Capture Options
Document and data capture has long been one of the most discussed and researched technologies in the financial back-office and accounts payable...
Workflow & Process Automation
Workflow and process automation are an ongoing part of the business in most organizations. Companies are continuously looking for ways to improve...
Evaluating Vendor Management Programs
Importance of Vendor Management Now more than ever, it is critical to manage key vendors by ensuring compliance and supporting vendor health....
Learn More About ICG’s Software Analysis Process
Want to learn more about ICG's software analysis process? We spoke with Leslie Valencia, one of ICG's business analysts, to dig a little deeper into...
Vendor Portal Functionality
A vendor portal is a central platform for vendors or suppliers to communicate, collaborate, and transact with an organization. The specific features...
AI-Assisted Data Capture Vs. Traditional OCR
AI-assisted data capture and traditional OCR applications are both capable of extracting data from various sources, such as documents, images, or...
AI in Procurement
There are many areas where AI can be beneficial to back-office operations. AI increases performance, lowers vendor risk, and decreases costs in...
AI-Assisted Back-Office Applications
Adding AI to your back office applications can provide a multitude of additional opportunities for your organization. AI-assisted applications can...
Artificial Intelligence Impacts on Business
Artificial intelligence has the potential to significantly transform businesses by revolutionizing how companies operate, make decisions, and...
AI in Data Capture and OCR
Artificial Intelligence plays a crucial role in data capture and OCR applications, changing how we process and extract information from various...
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
Vendor packets and vendor onboarding are essential documents and processes that businesses use to evaluate potential suppliers and vendors. These...
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