Press Releases

Slingshot’s inventory management module now records and distributes drug pedigree information in compliance with the Drug Supply Chain Security Acts (DSCSA).  A Transaction statement with the seven required DSCSA assertions and Transaction history Information documenting changes in ownership is captured for each lot received.  The review and acceptance of pedigree information is required before finalizing a receipt. 
For outbound shipments, a Transaction Statement is “e-signed” as part of the shipment confirmation process.  This statement and associated transaction histories are forwarded with the shipping documentation (electronic and/or paper). 

Slingshot is releasing a pharmaceutical inventory control module to meet the needs of laboratories, and manufacturing organizations.  This new application incorporates the features formerly offered as “Pharma Extensions” to Slingshot’s Inventory application and adds a number of new features specific to the pharmaceutical industry.

eStock-Pharma is GMP/GLP compliant software providing:

1.    DSCSA Pedigree Tracking
2.    Dual Lot# Tracking (internal and manufacturer)
3.    Lot Attributes by Material Type
4.    Material Sampling Control
5.    Test Results and Certificate of Analysis Tracking
6.    Material Statuses including “Quarantined”, “Released”, “Expired”, “Quality Hold”, “Destruction Hold”.  Receipt status defined by material type.
7.    Shelf Life Control with Automatic Expiration

Facilities are shortening the time required to record supplier invoices.  The accuracy of the OCR process varies widely.  Each supplier has its own terminology and document layout making the process especially challenging.  Slingshot’s Intelligent OCR process “learns” the supplier’s layout improving accuracy as invoices are processed.  If the layout changes, “Intelligent OCR” automatically detects the change and adjusts its rules for the supplier.

Slingshot has added “Intelligent OCR” to its invoice capture and matching facilities.  These facilities are available in release G2-12 of Slingshot’s purchasing and accounts payable applications scheduled for release this summer.  For more information contact Slingshot sales representative at sales@slingshotsoftware.com.

Touchless matching substantially reduces the invoice processing labor while improving accuracy.  In many environments 70% of PO invoices can be processed automatically.
Invoices are scanned in or emailed to an “Unprocessed” folders.  A background process selects the images for a document, interprets them (OCR) and performs a two-way (Invoice to PO) or three-way (Invoice to PO to Receipt) match.  Discrepancies (price or terms) are automatically identified and forwarded to a responsible user for resolution.  The images are attached to the electronic record in Slingshot and can be viewed wherever this record appears. 
“Touchless Matching” is available in release G2-11.2 of Slingshot’s purchasing and accounts payable applications.  For more information contact Slingshot sales representative at sales@slingshotsoftware.com.

Slingshot’s supplier portal now permits multiple signed in users for the same supplier.  One user, deemed the administrator, is allowed to establish or deactivate other users.  This feature puts the supplier in control of who can access the portal and what functions can be performed.  Slingshot’s supplier portal allows the supplier to:

Slingshot has added “intelligent OCR” receipt recognition to its Mobile Expenses^tm application.  Mobile Expenses is available on IOS or Android powered phones.  The application allows a user to capture expenses by entering the app and taking a picture of each receipt.  An OCR process converts the receipt to text and automatically fills in the expense category, receipt date, description, merchant’s name, credit card # (last 4 digits) currency, and amount.

What sets Mobile Expenses apart is its ability to improve OCR accuracy as each additional expense is captured from the same merchant.  The learning process notes the expense category assignment and the location of the key fields on the receipt and uses this information the next time a receipt is processed from the same merchant.  Intelligent OCR distinguishes between cash and credit card receipts where the location of the data is often different.