Data capture solutions have been around for a long time and continue to be used extensively in many different industries. Optical Character Recognition (OCR) is an example of a capture technology where data from scanned and digitized paper documents is captured for use by information management systems. OCR is widely used with positive results in […]
What many users are unaware of is that there are many money saving, process improving solutions available such as vendor portals, supplier portals, business process management, advanced workflows, vendor onboarding, accounts payable automation, and a variety of other technologies available in cloud hosted configurations.
Vendor/Supplier Management has become increasingly complex. Technological systems and solutions can increase efficiency and reduce some of the “pain” companies experience when trying to manage their hundreds or thousands of mission critical vendors. Check out ICG’s Vendor Management Tools. COMPLIANCE The complexity of vendor/supplier relationships increases as the vendor/supplier base grows in size. Vendors/suppliers may […]
Time to take a fresh look at your financial back-office and see where you can add value.
Today as cloud based applications are becoming more ubiquitous, AP automation, including many of the sophisticated technologies that were out of reach in the past, has become more affordable and available to many more companies.
More and more companies are tracking their companies “diverse” vendor population and reporting on purchase percentages and total spend dollars of these diverse vendors. For starters, it is important that we define what we mean by diversity or diverse vendors. Diverse vendors are a designation that is given to companies where a majority of its […]
One of the components of vendor management program that is often either overlooked, or over killed with a system that provides lots of complex data to help you “manage” your spend, is spend analysis. For many companies the trick to managing their spend (their colleagues buying behavior) and their vendors performance is to simply look […]
This webinar will focus on tools to help streamline and automate back-office processes for manufacturers, foodservice, distribution, retail, restraunant group and other organizations in food and related industries. Due to the nature of this business, complex processes such as distributor finance, rebated, chargebacks, deductions and other labor intense functions can be very costly and time […]
Cloud based solutions are very popular and becoming more so. Estimates are that companies will continue to drive double digit growth in adoption of cloud based solutions well into the future. The benefits of cloud based solutions are well documented and fairly well established at this point. What is not yet common knowledge among users […]
Financial back offices in the food manufacturing, food distribution, food service and related industries are full of complexities due to their dynamic nature – pricing, costs, allowances, rebates, deductions and other information that needs to be up-to-date and accurate. Some of this information can literally change hour to hour. Operational and financial decision makers need […]