Approvals

Introduction

An approval process is a type of business process that includes steps to formally approve activity from different levels of the organisation ensuring security, accuracy and reducing costly errors.

Typical Problems

At best a business has a manual approval process which is extremely tedious and time-consuming and at worst they have no approval process at all, which can lead to delayed delivery of goods, missed payments, poor document management, and a non-uniform approval process.

Additionally, manual processes tend to be less transparent resulting in budget holders not being able to track approvals and tracking costs.

Solutions

A fully integrated solution to create a bespoke approval process, which then guides users through a pre-defined process, with automated notifications and full audit history.

Cloud spend management solutions allow for tracking of costs vs budget, giving greater insight to budget holders and enabling informed decisions for approvals.

Benefits/ROI

The main benefit of implementing an automated approval process includes saving time, maximising efficiency, and standardising processes to reduce errors. Additionally, automated approval processes improve transparency and compliance within an organisation, as it ensures all employees complete work according to predefined criteria.