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.
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.
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.