Slingshot now allows customers to tag any field on any record as “audited”. Once tagged, the applications automatically record the activity responsible for the change, before and after image of the field, the user who changed it and the date and time of the change.
Intra-Cellular Therapies is a biopharmaceutical company focused on the discovery and clinical development of innovative, small molecule drugs that address underserved medical needs in neuropsychiatric and neurological disorders by targeting intracellular signaling mechanisms within the central nervous system. ITC is using Slingshot’s inventory to track balances and lot genealogy information received from contract manufacturers.
Slingshot’s competitors require you to manually copy the lines from your web shopping cart into a requisition or purchase order. Slingshot automates this process. Shop on your supplier’s web site in the normal manner.
Slingshot requisitioners, buyers and approvers can now view available funds for each request or purchase order line.
This ensures that budget controls are respected at each point in the procurement process. The improved visibility encourages users to moderate spend in early periods which helps promote a favorable variance at year end.
A red Over Budget label appears when a purchase would overspend the year-to-date budget.
Click the label and the user is shown “Current month”, “Year-To-Date” and “Entire Year” totals as shown below. Click on the totals to see the underlying budgets, purchase orders, requisitions or expenditures.
New reports have also been added. A summary report shows the above information grouped by Entity, Facility and Budget Category. Grouping rules can be easily changed to meet the needs of your organization.
These enhancements will be included in release G2-8.0 scheduled for availability in April of 2016. For more information contact your Slingshot account representative at This email address is being protected from spambots. You need JavaScript enabled to view it.
“Procurement PunchOut” is the interaction between a vendor's web storefront and a buyer's procurement application.
Slingshot supports PunchOut when creating either requisitions or purchase orders.
Click a link to access your supplier’s web site. Shop on the site and check out. The contents of your shopping cart are returned to Slingshot and added to the current requisition or purchase order. Once approved, a purchase order is automatically transmitted to the supplier.
A parameter now allows you to enforce a final buyer review of the PunchOut purchase order before it is transmitted. A second new feature allows you to modify the requisition or purchase order after initial PunchOut by linking back to the supplier’s web site and modifying the shopping cart. Support is also now provided for multiple PunchOut suppliers on a single requisition.
PunchOut ordering requires an agreement with your supplier. The supplier also must support the processing of cXML documents.
For more information contact your Slingshot sales representative at This email address is being protected from spambots. You need JavaScript enabled to view it.