ICG Consulting

Name

ICG Consulting

Legal name

ICG Innovations

Website

https://icgconsulting.com

Company type

Private

Founded year

1990

Operating status

Operating

Headcount range

11–50 employees

Ownership category

akta.pro rank

Product category

Financial Back-Office Automation Software

NAICS

Software Publishers (513210), Computer Systems Design and Related Services (54151)

SIC

Services-Prepackaged Software (7372), Services-Computer Programming, Data Processing, Etc. (7370)

akta.pro primary industry

Core ERP Suites (Financials, Procurement, Projects) (HDAEAEAA)

akta.pro secondary industries

Intelligent Document Processing (IDP) & OCR Automation (HDAEAHAC), End-to-End Enterprise AI Platforms (MLOps & Model Lifecycle Management) (HDAEANAA)

Keywords

• Financial back-office automation
• Accounts payable automation
• Vendor management software
• ERP integration solutions
• Document and data capture

Headquarters

HQ city

Scottsdale

HQ country

United States

HQ region

North America

Markets served

GTM type

B2B

Offering type

Software

Cost components

Technology or R&D, Personnel, Infrastructure, Marketing or Sales, Operations

Revenue model

1. Subscription - Monthly: Monthly subscription-based billing model where organizations pay only for the functionality they need on a pay-as-you-go basis
2. Usage-Based Features: Organizations pay for installed functionality as it is deployed, not all upfront - flexible consumption model

Pricing tiers

Go-to-market motion2 records

Distribution channels1 record

Marketing channels6 records

Core offering

ICG Consulting, doing business as ICG Innovations, sells a modular enterprise financial back-office software platform comprising four integrated solutions: Automation & AI for transaction processing, Vendor Portals for vendor self-service, Vendor Onboarding & Admin for vendor lifecycle management, and Document & Data Capture for inbound document processing. The platform is ERP-agnostic, cloud-hosted on AWS, and offered via monthly pay-as-you-go subscriptions to large enterprise finance organizations.

Product overview

ICG Innovations offers an enterprise financial back-office platform with modular solutions. The core product portfolio includes four integrated modules: Automation & AI (for AI-powered transaction processing automation), Vendor Portals (for vendor self-service and management), Vendor Onboarding & Admin (for vendor onboarding workflows), and Document & Data Capture (for document processing). All solutions are ERP-agnostic, cloud-hosted on AWS, and offered via a pay-as-you-go subscription model. Customers can select and pay for only the functionality they need.

Differentiator

Problem solved

Functional benefit

Products and services

• Automation & AI AI-enabled solution that automates transaction processing functions to achieve tasks quickly and efficiently for enterprise finance teams.
• Vendor Portals Portal solution enabling vendor management and self-service capabilities for enterprise finance and procurement teams.
• Vendor Onboarding & Admin Solution for vendor onboarding processes and administrative management for enterprise supplier lifecycle operations.
• Document & Data Capture Solution for capturing, extracting, and processing financial documents and inbound data for enterprise back-office workflows.

Quantifiable outcome

• Reduces cost per invoice
• +3 more outcomes

Named customers8 records

Segments14 records

Ideal customer profiles5 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Two partnerships are on record, tiered core.

• AWS (Amazon Web Services)coreTechnology or IntegrationICG partners with AWS for cloud hosting infrastructure. AWS provides the underlying cloud infrastructure for ICG's solutions with dedicated database options across shared or dedicated clusters.
• SysdigcoreTechnology or IntegrationICG partners with Sysdig for security monitoring and protection. Sysdig provides security services to keep all customer information safe and secure on the ICG platform.

Scale indicators1 record

Recent moves5 records

Expansion highlights4 records

Emerging players

• Airbase: Airbase is an AP, corporate card, and spend-management platform for mid-market. Emerging competitor with overlap in AP automation, vendor management, and ERP integration.

Broad incumbents

• Bottomline Technologies: Bottomline provides payments, AP automation, and treasury management for banks and corporates. Overlaps with ICG's enterprise financial back-office and document capture capabilities as part of a broader portfolio.
• SAP Ariba: SAP Ariba is the enterprise incumbent in procurement, invoicing, and supplier management within the SAP ecosystem. Comparable as the ERP-anchored AP and supplier-payment suite ICG competes against via bolt-on positioning.
• Coupa: Coupa is a broad spend-management platform with AP automation, procurement, and supplier management. Overlaps with ICG's financial back-office scope but operates at much larger scale across enterprise procurement suites.

Direct peers

• MineralTree: MineralTree offers AP automation and B2B payments with ERP-integrated bolt-on deployment. Directly comparable in target mid-market finance teams and AP-focused automation scope.
• Bill.com: Bill.com is a leading AP automation and bill-pay platform for SMB and mid-market. Directly comparable as a cloud-based financial back-office solution targeting AP workflows, vendor management, and automated invoice processing.
• Tipalti: Tipalti provides end-to-end AP automation, vendor onboarding, and global payments for mid-market and enterprise. Closely comparable in modular product set (vendor management, onboarding, document capture) and ERP-agnostic integration approach.
• AvidXchange: AvidXchange automates AP and payment processes for mid-market and enterprise, with strong distribution and construction verticals. Directly comparable on vertical-focused AP automation with bolt-on ERP integration.
• Stampli: Stampli is an AP automation platform with collaborative invoice processing and AI-driven data capture. Directly comparable on AI-enabled invoice automation and ERP-integrated bolt-on deployment model.
• Versapay: Versapay combines AR collaboration with AP automation, including vendor portals and invoice processing. Comparable on vendor self-service portal functionality and integrated financial workflows.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat4 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/icgconsulting
• LinkedInlinkedin.com/company/icg-consulting
• Facebookfacebook.com/icgconsulting

Revenue estimate

Valuation estimate

Number of profiles

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about ICG Consulting