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AI-Assisted Data Capture Vs. Traditional OCR
Contact ICG today to start a conversation on how ICG’s AI assisted data capture solutions can deliver immediate value to your financial back-office.
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.
Best of Breed Applications
In the ever-evolving landscape of business technology, the debate between Best of Breed (BoB) applications and Enterprise Resource Planning (ERP) systems continues to gain momentum. While both options have their merits, this blog post will delve into the distinct advantages of Best of Breed applications over ERP systems.
Not All OCR Solutions Are Created Equal
Understanding documents is extremely valuable when setting up a successful AI OCR (Optical Character Recognition) solution because not all OCR...
12 Ways to Start Reducing Back-Office Costs
Reducing back-office costs is a common goal for many organizations looking to improve their financial efficiency. As you construct your budgets and...
How to Transform Your Financial Back-Office
Remember that transforming the financial back office into a profit center requires a well thought out strategic approach, alignment with organizational goals, and ongoing efforts to innovate and adapt to changing market conditions. Start a discussion with ICG Consulting about your back-office goals or request a demonstration of ICG’s back-office automation solutions that can help you to transform your financial back-office.
Budgeting for AI in Accounts Payable
As summer winds down and we head into budgeting season, many companies will have Artificial Intelligence (AI) solutions on their radar for the...
Collaboration: Procurement and Finance
Collaboration between procurement and finance is a key element in improving efficiency and profitability in your organization. Here are some ways...
The Power of AI in Accounts Payable
While the actual savings will vary depending on your company’s specific circumstances, industry and case studies have reported cost savings ranging from 20% to 50% or more in AP departments implementing AI-powered solutions.
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
Contact ICG today to start a conversation on how ICG’s AI assisted data capture solutions can deliver immediate value to your financial back-office.
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