Press Releases

PCard Workflows Added to Slingshot’s Procurement Suite

Slingshot has long supported corporate credit cards as a payment method.  Corporate credit cards reduce transactional costs by taking the purchasing department out of the loop.  Payments are consolidated by bank or payment processor (typically one check per month), a further savings.  The use of PCards comes with tradeoffs.  Less review prior to purchase introduces some risk.      Reconciliation and review processes post-purchase can consume some of the cost savings and create a bottleneck when the statement due date approaches.  Slingshot has introduced a series of capabilities to address these issues and ensure your company gets the full benefit of its PCard program.     

Release 6.0 Now Available

Release G2-6.0 is now available.  This release includes 72 enhancements.  Here are a few of the highlights:

Requisitioning Made Simpler

Slingshot announces a new “self service” requisition entry process for its eRequest product.  Its familiar interface allows users to quickly and conveniently request material or services with no training.  

The new pages were modeled after shopping experiences found on popular consumer web sites including  According to Slingshot’s CEO Paul Carr -  “Most requisitioning software is embedded in an ERP system and adopts its user interface. Requisitioners are often infrequent users of the company’s ERP software and therefore require training to enter a requisition.  By modeling our system after popular consumer sites we give the requisitioner a familiar experience and eliminate the training requirement.  The end result is broad adoption and added efficiency.”

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Slingshot Adds Version Tracking Features

Slingshot’s order management applications (Purchasing, Requisitioning and CRM) now allow any document (e.g. Purchase Order, Quotation or Acknowledgement) to be “versioned”.  Once flagged as versioned, the system automatically attaches a “snapshot” document (pdf file) to the order and increments a version identifier, whenever the document is forwarded to an external recipient (e.g. supplier or customer).  The new version can carry notes describing the changes made.  Internal copies of any version can be generated without incrementing the version identifier.

This new feature provides a simple and automated approach to tracking change order documents.  These “system generated” attachments cannot be removed, providing a permanent history which satisfies audit requirements.

Presumptive Approval Option Added to Slingshot Procurement

In many procurement environments a high volume of routine small dollar approvals creates a bottleneck.  The requests are stuck until the approver realizes a procurement requires review and takes the steps necessary to grant approval.  Time spent on these routine approvals is time taken away from larger procurements which require careful scrutiny. 

Presumptive Approval allows document approvers to grant approval automatically for small dollar amounts.  This feature applies to requisitions, purchase orders, or invoices that require a value approval.  Once the option is enabled the system automatically approves the document and forwards an email confirmation to the approver.  Automatic approval is granted only if the document’s  value is less than a limit established by the approving user.  This limit can be maintained by the user on the dashboard and must be less than a “system wide” limit set by the administrator.  

Slingshot Adds “Bid Processing” to its “eBuy” Purchasing Module

Requisition lines can now be filled with a “Bid Solicitation”.  Bid solicitations include a list of required goods or services and are associated with a list of suppliers.  Click the “Send RFQ” button and a “Request for Quotation” order is created and eMailed to each supplier.   When responses are received prices and terms are recorded on the supplier’s “Request for Quotation” order.  The buyer can evaluate responses and award bids or individual bid lines with a single mouse click.  Click the “Bid Complete” button and confirming purchase orders are created and forwarded to the selected suppliers. 
This simple process provides proof that your company’s bid requirement policies have been adhered to.  Auditors can view purchases and the associated quotes.  A reason code is recorded for each declined supplier quotation.  This history is valuable when considering suppliers for future solicitations.

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