Silkline Features

As reported in 10 Silkline reviews. Use criteria to add or remove suppliers to/from approved lists.

Manage communications with suppliers on multiple channels such as phone or email. 10 reviewers of Silkline have provided feedback on this feature.

Capture and maintain documents related to suppliers and their products or services. This feature was mentioned in 10 Silkline reviews.

Based on 10 Silkline reviews. Allows users to evaluate supplier performance using standard and custom KPIs.

Provide features to compare suppliers and choose the best option for various activities. 10 reviewers of Silkline have provided feedback on this feature.

Based on 10 Silkline reviews. Identify potential issues and how they may impact relationships with suppliers.

Based on 10 Silkline reviews. Create and manage supplier profiles that include contact and pricing information.

Based on 10 Silkline reviews. Identify the services and products provided by suppliers, as well as certifications.

Based on 10 Silkline reviews. Track history of all interactions and business transactions with suppliers.

Provides a centralized library containing product data.

Enables users to assign custom categories to products.

Creates and manages product catalogs.

Assists with maintaining compliance with controlled processes, automated tracking, and audit trails.

Identifies revenue opportunities by providing better visibility into spend data, improving supplier relationships, streamlining procurement processes, and identifying cost savings opportunities

Provides organizations with the tools and data they need to negotiate contracts more effectively, such as data analysis, collaboration, and contract management.

Increases spend visibility into pricing and unintended or excessive use of discounts or promotions by customers.

Identifies noncompliant spending, fraud, and other activity outside of company policy.

Analyzes spending patterns and identifies areas to reduce costs.

Provides a dashboard for searching and reporting on contracts and projects.

Manages contracts in a single, online central repository.

Manages the entire contract lifecycle process by providing visibility into projects and allocating resources across sourcing initiatives.

As reported in 10 Silkline reviews. Notifies users of pending approvals with alerts and notifications

Allows for predefined approval workflows based on roles, departments, or spending limits This feature was mentioned in 10 Silkline reviews.

Based on 10 Silkline reviews. Automates the creation, submission, and approval of purchase requisitions

Based on 10 Silkline reviews. Monitors supplier compliance to guidelines and standards while also managing risks

Provides tools for suppllier onboarding and assessing their performance 10 reviewers of Silkline have provided feedback on this feature.

Maintains a repository for storing and organizing supplier details This feature was mentioned in 10 Silkline reviews.

Uses tools for examining expenditures and generation reports to identify trends

Provides real-time insight into procurement costs within categories, departments or projects

Uses risk assessment tools for identifying potential supplier or contract risks

Automates the enforcement of procurement policies, regulatory requirements, and compliance checks

Creates audit trails and reporting for transparency and accountability

Provides onditional routing for purchase approvals, contract reviews, and supplier selection 10 reviewers of Silkline have provided feedback on this feature.

As reported in 10 Silkline reviews. Allows for flexible workflow configurations to suit specific business needs

As reported in 10 Silkline reviews. Adjusts approval processes based on project, department, or spending thresholds

Capability to perform complex tasks without constant human input

Ability to break down and plan multi-step processes

Works across multiple software systems or databases

Improves performance based on feedback and experience