Understanding documents is extremely valuable when setting up a successful AI OCR (Optical Character Recognition) solution because not all OCR...
Not All OCR Solutions Are Created Equal
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Business
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.
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...
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