Financial back office consultant/developer ICG Consulting announced recently that it has completed implementation of a comprehensive, multi-phase Supplier Portal solution for U.S. Foodservice. The final phase of the Supplier Portal deployment was Dynamic Discounting capability, which is commonly referred to as "Accelerated Payment" by U.S. Foodservice.
According to U.S. Foodservices Sr. VP of Financial Shared Services Mike Noble, his company will save significant monies with this new system. "We were able to justify this project with the savings we will derive from the accelerated payments feature. We anticipate U.S. Foodservice will save several million dollars annually from our accelerated payments program when fully launched" said Noble.
Jim O'Rourke, ICG Consulting's Director of Business Development, is used to hearing these types of statements once his company finishes a job. "We make it our business to save our clients money" said O'Rourke. "In U.S. Foodservices case, it was streamlining the millions of transactions between U.S. Foodservices thousands of suppliers. We did this by implementing a comprehensive solution that included on-line payment inquiry, supplier self-service, web-based invoice submission, collaborative dispute management, as well as dynamic discounting / accelerated payments. Taken together, these features are enabling both U.S. Foodservices and their suppliers to save significant transaction and supply chain costs."
In addition to U.S. Foodservices benefitting, Noble noted that the company's suppliers have taken note as well: "Not only has U.S. Foodservices realized substantial economic benefits from the Supplier Portal, our suppliers have reacted very favorably to this new business tool, and the onboarding of our suppliers has exceeded our expectation."
Indeed, the reaction has been so favorable that according to O'Rourke, many of the suppliers have been impressed enough to contact ICG about doing the same for them. "We have seen interest from a number of U.S. Foodservice suppliers in implementing a similar solution for their operations." said O'Rourke "In fact, we have already secured an agreement with a major supplier of U.S. Foodservice and we are currently in the process of deploying a similar solution for them."
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 15 years, and benefited many world-class companies, we help companies cut costs, increase efficiency, and achieve greater profitability. For more information visit www.icgconsulting.com or via email firstname.lastname@example.org
About U.S. Foodservice
U.S. Foodservice is one of the country's premier foodservice distributors, offering a broad range of products and an array of services to its more than 250,000 customers. The company proudly employs more than 27,000 associates in 70 locations nationwide who are poised to service their customers beyond their expectations. As industry leaders, with access to resources beyond the ordinary, U.S. Foodservice provides the finest quality food and related products to neighborhood restaurants, hospitals, schools, colleges and universities, hotels, government entities and other eating establishments.
SOURCE: ICG Consulting