Approval Workflows

invoiced enhances your accounts payable (a/p) management by integrating approval workflows, ensuring that invoices undergo a structured review before payment upon receiving an invoice from a vendor, invoiced automatically generates a bill marked as "needs approval" within your account these workflows are designed to specify the approval hierarchy and criteria for each bill, enhancing control and oversight over payments setting up an approval workflow initiate workflow creation go to settings > approval workflows and click on new approval workflow to begin setting up a custom workflow define approval conditions use the add condition option to specify criteria for bill approval for instance, you can automate the approval of bills below a certain threshold, while stipulating more stringent approval requirements for larger amounts this includes specifying the number of approvers required and their respective roles within your organization managing new bills notification of bills when a bill that meets the criteria of an approval workflow is received, the designated approver(s) will be notified to review and approve the bill bill rejection and communication in cases where a bill is rejected, the system prompts you to provide feedback or reasons for the rejection, which is then communicated to the vendor should the vendor revise and resend the invoice, the updated bill will revert to a "needs approval" status, initiating the review process once again benefits and features streamlined approval processes invoiced's approval workflows automate and standardize the review of incoming invoices, ensuring that only verified bills are processed for payment customizable criteria flexibility in setting conditions for bill approvals allows for tailored workflows that match your business's operational needs and risk management policies enhanced communication the feature not only simplifies internal processes but also fosters clearer communication with vendors, especially in instances where invoices need adjustments by leveraging approval workflows, invoiced provides businesses with a powerful tool to enhance the efficiency, accuracy, and security of their accounts payable operations