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.
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.
Touchless matching substantially reduces the invoice processing labor while improving accuracy. In many environments 70% of PO invoices can be processed automatically.
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 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.