Slingshot News

Slingshot News

October 29, 2018

Slingshot has added “intelligent OCR” receipt recognition to its Mobile Expensestm 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...


August 9, 2018

Slingshot’s Strategic Sourcing application (eSource) automates the process of identifying, qualifying and onboarding suppliers.  RFx documents can be produced for a set of suppliers.  These documents are extremely flexible and can include items to be priced, business terms, documents required and a survey.    Supplier responses are recorded in Slingshot’s supplier portal.  Responses are scored automatically based on price and survey responses.  The RFx can be awarded as a purchase order or a contract.


July 26, 2018

Slingshot’s Supplier Portal allows registered suppliers to collaborate and add value to the customer relationship.  The goal is to promote improved efficiencies for both the supplier and its customer.

Suppliers can participate in RFx initiatives (RFQ, RFP or RFI), acknowledge and accept purchase orders, confirm shipping schedules, accept priced invoices, review performance statistics, update catalogue data (products offered and current pricing), update profile and supplier qualification data and review invoice history including a payment schedule for open invoices.

The supplier portal has been enhanced with a supplier dashboard providing “one click” access to all of...


May 31, 2018

Cost Sheets

The new “Cost Sheet” option is useful when getting quotations for engineered products.  It requires the supplier to state all elements of the bid price including tooling, material, labor, processing costs, shipping costs, overhead and profit.  Cost sheets provide a negotiating tool allowing you to compare each supplier’s assumptions and push back on cost elements that are out of line with other bidders.
Slingshot’s RFx module automates strategic sourcing processes.  Requests for quotation (RFQ), proposal (RFP) or information (RFI) can be designed and distributed automatically to one or more sets of suppliers.  The RFx can include a survey,...


April 30, 2018

The following features will be available in release 10.1 scheduled for general availability in mid-May.

Label Formats by Unit of Measure

Slingshot now automatically generates labels for material received.  The label format is defined by unit of measure allowing for different labels for vials, tubs and pallets.  The receiving logic processes all receipt lines.  The material’s unit of measure determines labeling rules.  If the unit is labeled, one label is printed for each unit or container received. 


January 16, 2018

Slingshot announces its latest major release, G2-10.  Release G2-10 began shipping on Monday January 15th.  The release includes dozens of new features.  Here are a few highlights:


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