While we celebrate the coming of 2021, many challenges remain before us. At ICG, we are optimistic about the weeks and months ahead, and with the proper planning and preparation, opportunity abounds in this new year and new world.
2021 Financial Back Office Goals
- Do as much as possible remotely in a secure and compliant fashion
- Become as efficient as practical
- Drive more processes to a vendor self-service model, so your people can focus on value-added activities
Tools at your disposal to help you prepare
Cloud-hosted portals offer many tools that support remote operations, drive efficiencies, and promote secure vendor self-service programs. Wherever your responsibilities lie on the procure-to-pay spectrum, these tools can help:
AP Automation
ICG’s cloud-hosted accounts payable automation solutions are designed for rapid deployment in a remote processing environment to support business continuity in a highly secure environment.
- Data and Document Capture: Turn everything incoming into actionable data for your back office. Our data and document capture tools are designed to accommodate large and medium-sized AP operations that receive a wide variety of invoices/payment demands from multiple sources and formats.
- Workflow: Effective business process management, commonly known as workflow, can improve business performance, increase revenue, and decrease the time it takes to complete a task.
Vendor Portal
A Vendor Portal is a web-based, vendor self-service solution that allows you to communicate, collaborate, and transact with your vendors in a secure, online environment 24/7.
- ERP & System Integration: ICG takes an agnostic approach when it comes to integrating with your back-end systems. Our customers all have their own set of back-end financial and related ERP systems in place, and we interface with each one. Our ERP-agnostic method allows us to move faster and work with minimal or zero customization required.
- Vendor Onboarding: Vendor onboarding is gathering documents and data needed to set up a company as an approved vendor. It also mitigates risk by providing numerous compliance and validation steps to avoid fraudulent vendors and ensure your vendors are healthy and compliant with all of your requirements and federal, state, and local regulations.
- Vendor Management: Vendors can update their information on their own when things change.
- PO Dispatch & Update: This solution allows you to automatically dispatch purchase orders to the appropriate company and contact. The contact receives a URL that allows them to access the PO and perform many actions. You can also proactively request real-time vendor updates on the status of PO fulfillment.
Get Started
In this new year and new world, ICG provides a full suite of cloud-hosted solutions in a secure, single-tenant environment. Our solutions also promote remote processing and facilitate vendor self-service. And even more importantly, ICG can provide the experience and expertise to ensure you are following best practices. Contact ICG today for more information, or click here to schedule a demo of our world-class solutions.