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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.
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...
Data Liberation
Unstructured data, in its myriad forms—emails, documents, images—holds untapped potential waiting to transform the efficiency and strategic...
AI-Assisted, Rules-Based Workflows
In the dynamic landscape of business operations, the integration of artificial intelligence (AI) into rules-based workflows has emerged as a game-changer. AI-assisted rules-based workflows bring a new level of efficiency, accuracy, and adaptability to various processes, including those in the financial back-office.
Is Your Solution Capturing the Right Data?
All data capture solutions, and solution providers, are not created equal. Capturing data accurately and capturing the right data are both essential...
Streamlining Vendor Onboarding
The Benefits of a Vendor Portal-Based System Vendor onboarding is a necessary and important process for any business. Streamlining vendor onboarding...
Factors to Consider in Evaluating EDI
Today, organizations are constantly seeking ways to streamline their operations and improve efficiency. One area where this is particularly...
Benefits of Rules-Based Workflow Automation
In today’s fast-paced business world, efficiency is key. Organizations are constantly seeking ways to streamline their processes and reduce manual labor. One powerful solution is rules-based workflow automation.
Data Capture Technology Options
Advances in technology continue to expand the possibilities for data capture, making it increasingly important in the modern data-driven world. The most important aspect of taking advantage of the right set of data capture technologies is to have a thorough understanding of the data, your vendors, your companies requirements, and the financial contribution you expect.
Benefits of Dynamic Discounting
With today's high-interest-rate environment, maintaining strong vendor relationships is essential. One way to achieve this while also maximizing...
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.
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