ICG Consulting

98% invoice data extraction is no longer impressive, it’s the baseline. Go beyond basic OCR data capture by using AI to turn your data into actionable intelligence that boosts your productivity. See real results, not just data. Learn how OCR and ICG can benefit your organization by downloading ICG's white paper. https://lnkd.in/g7xa7JP7

In our ongoing series, Choosing the Right Technology, we've discussed why your organization should choose customizable solutions that integrate with your ERP. Today, we'll focus on another critical component to consider when purchasing new technology: security. https://lnkd.in/g22_VaDT

Understanding the cost vs. investment distinction is crucial, especially regarding financial decisions in the back office. By carefully evaluating each expenditure's potential benefits and drawbacks, businesses can optimize resource allocation and achieve sustainable growth. https://lnkd.in/g9BAuZ46

A resilient and efficient supply chain can significantly impact a company's bottom line, customer satisfaction, and overall business performance. As supply chains become increasingly complex, maintaining their health requires a multifaceted approach. In this blog post, we'll discuss establishing and maintaining healthy supply chains. https://lnkd.in/g8QMaj8C

Budgeting season is a crucial time for businesses of all sizes. It’s a period of careful planning, analysis, and decision-making that sets the financial course for the upcoming year. While the process can be complex and time-consuming, it’s essential for ensuring the organization’s financial health and long-term success. In this blog post, we’ll discuss why you should consider the financial back office while navigating budget season this year. https://lnkd.in/g3dsyQuw

Building sustainable success within your organization requires more than adding to your tech stack. In this blog post, we'll discuss tips to help create sustainable success and keep your organization on the leading edge. Some of these include: 1. Choosing the RIGHT technology 2. Optimizing workflows 3. Prioritizing data security https://lnkd.in/gpKhsynU

What sets a great back-office solution apart? There are many answers to this, but today we're focusing on customization. Some benefits of customization include: - Improved Efficiency - Enhanced Data Management - Scalability - Integration with Existing Systems - Competitive Advantage https://lnkd.in/guYnNX_d

Vendor onboarding is a critical process for financial institutions, but it can also be a complex and time-consuming task. With the increasing number of vendors and regulatory requirements, it’s essential to streamline the onboarding process to minimize risks and improve efficiency. https://lnkd.in/efXnXDyd

Duplicate payments can be a costly and time-consuming problem for businesses of all sizes. These errors can lead to financial losses, operational inefficiencies, and damage to vendor relationships. To effectively prevent duplicate payments and ensure the accuracy of financial records, it is essential to implement preventative solutions. This blog post will discuss potential solutions organizations can implement to prevent duplicate payments. https://lnkd.in/gaU3DV6R

As fraud becomes more widespread, bank account validation becomes more and more important. In this blog post, we'll discuss: - What is bank account validation? - Why is bank account validation important for businesses with multiple vendors? - Bank account validation best practices https://lnkd.in/gtj6j-JB