Approval Workflows for Finance and Accounting
ApprovalMax enhances cloud accounting software with approval workflows that enable multi-step and role-based approvals, facilitate approval process automation, and provide for exception handling and reporting.
Multi-Step and Multi-Level Approvals
ApprovalMax provides complex approvals ensuring that all approval decisions are performed by employees with the appropriate 10authorization level as well as in full accordance with corporate and regulatory requirements.
Visibility and Control over the Approval Process
ApprovalMax enables real-time report views of the approval progress and allows generating automatic notifications to Approvers. It also helps identify approval process bottlenecks and forecast delays.
Exception Handling
ApprovalMax allows extending the generic approval workflow with a variety of non-standard approval rules and approval roles to tailor the approval process to specific business and compliance requirements.
Compliance and Accountability
ApprovalMax delivers all approval data in audit-ready form. It enables generating default and custom reports as well as taking proactive fraud detection measures such as tracking approval activities performed outside of the approval workflow, e.g. in Xero.