ICG’s Supplier Portal Offers Buyers and Suppliers an Easy Way to Save for the New Year

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Keeping with the holiday spirit, the business process solutions experts at ICG Consulting are continuing to provide businesses through their custom supplier portals with dynamic discounting and other money saving solutions. These dynamic business tools aid companies in increasing the amount of expendable cash to start off the New Year by putting more money to their bottom line in 2010!

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Given the rough times ahead for many companies ICG anticipates higher demand for their Supplier Portal and Dynamic Discounting solutions due to the immediate bottom-line impact these solutions deliver.

ICG Consulting has been helping companies manage their suppliers invoices and supply chain transactions as well as offering other business process solutions for years. Reducing expenses and saving money is a high priority of every company and as we head into 2010, ICG is making an effort to help businesses do just that. The most recent version of their popular supplier portal solution is no exception. It is built on Adobe® Flex® which takes less time to set up and is easier to use and maintain. Though the portal solution is more simplistic in its design, it is still as flexible and secure and more powerful than ever. The modular design of ICG’s vendor portal makes it easy for companies to start slow and add more money saving functionality as you go.

A supplier portal, also referred to as a vendor portal, is a tool that provides vendors and suppliers constant web based access to payment status, collaborative payment dispute capabilities, and a vehicle to manage chargebacks or deductions. Supplier portals also provide a way for companies to transform supplier related activities back to the supplier by enabling supplier self-service. It helps suppliers save money by offering an entry point for vendors to submit electronic invoices thus, reducing the number of incoming paper invoices.

Another means by which ICG’s supplier portal solutions offer compelling savings for companies is through dynamic discounting programs. This accelerated payment process allows buyers and sellers to dynamically alter the standard terms of payment. Thus, the supplier can choose to have invoices paid early to augment their cash position and buyers can generate substantial savings through aggressive discounting of that payment obligation. These programs take on many forms, with the ultimate outcome being an agreement between the vendor and buyer on accelerated payment terms that benefit both parties.

These are just some of the many ways in which ICG is helping companies save money for the New Year. Said Jim O’Rourke, ICG Consulting’s Director of Business Development, “Given the rough times ahead for many companies ICG anticipates higher demand for their Supplier Portal and Dynamic Discounting solutions due to the immediate bottom-line impact these solutions deliver.”

About ICG Consulting
Founded in 1990 and based in Scottsdale, AZ, ICG serves all of North America, assisting large business entities and corporations in streamlining their financial back office operations. With a systematic, reasoned approach that has been meticulously developed over the past 18 years, and benefited many world-class companies, we help companies cut costs, increase efficiency, and achieve greater profitability.

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Jim O'Rourke
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