ExpenseWatch.com’s approval process determines approval paths based on parameters set by you, increasing the ability to control spending in real time.
Configurable approval policy
Your approval hierarchy is easily established within ExpenseWatch.com. As purchase requisitions are routed through the system, email notifications with embedded links to the actual requisition are automatically sent to ensure timely approvals. The system can automatically escalate to the next approver if someone within the signature authority chain is unavailable.
Approvers can be added on the fly, providing flexibility for your dynamic organization. Any approver can change quantity, price and general ledger accounting information throughout the approval process. All changes to a transaction are tracked for auditing purposes.
Quick and easy approvals
ExpenseWatch.com enables you to quickly approve an entire purchase requisition with one click, using Quick Approve, or line by line. Audit trails note when Quick Approve is used to maintain compliance integrity. Employees can easily check the status of their transactions online to determine exactly where their purchase requisitions and purchase orders stand in the approval process.
Visibility into spending
By incorporating company budget data into ExpenseWatch.com, managers easily see exactly where they stand against planned spending. In each purchase requisition approval page is a budget vs. actual report that provides real-time visibility and enables managers to control out-of-budget spending before it occurs.
