Receive an invoice from a supplier… Email to one person for approval… Who emails to another person for a second approval… Who then says this is okay to be added to the Purchase Ledger…
Sound familiar? What if we told you we could simplify that process, and stop it from going to the top of the ladder every time?
Introducing ApprovalMax
ApprovalMax is a cloud-based approval management tool that helps businesses automate and streamline their approval processes. It can be used to approve a wide variety of documents, including invoices, expense reports, purchase orders and timesheets. Workflows can also be created to make sure the invoice is directed to the correct person based on criteria like amounts, supplier or department.
What are the benefits of ApprovalMax?
ApprovalMax works by creating a central repository for all documents that need to be approved. Users can then submit documents for approval, and the approval workflow will be automatically triggered.
The approval workflow can be customised to include as many or as few steps as needed. For example, a simple approval workflow might only require one person to approve a document, while a more complex workflow might require multiple people to approve a document at different stages or be set-up to dictate which level of employee needs to approve expenses depending on criteria.
There are many benefits to using ApprovalMax, including:
- Increased efficiency: Using ApprovalMax, you can automate your approval processes, saving you significant time and money.
- Improved accuracy: ApprovalMax can help to ensure that your approvals are accurate and timely.
- Reduced risk: As a result of improved accuracy, ApprovalMax reduces the risk of fraud and errors and can also help you to comply with industry regulations. Your data is protected by industry-leading security measures.
- Increased visibility: ApprovalMax provides a central view of all your approvals, which can help you to track progress and make more informed decisions. Plus, as a cloud-based application, you can access it on-the-go so long as you have an internet connection.
Who uses ApprovalMax?
As a powerful tool that improves the efficiency and accuracy of approval processes, we are seeing ApprovalMax being used across a broad spectrum of sectors.
Most recently, we’ve seen a lot of take up among estate agents looking to streamline their expense processes across their branches and our team have been building complex workflows to save valuable time and admin, particularly among leadership, by diverting expense claims to different levels of management depending on specific criteria (e.g. value).
In addition to estate agents, we’re seeing the following industries particularly benefitting from ApprovalMax:
• Healthcare organisations
• Legal firms
• Manufacturing companies
• Retail businesses
• Technology companies
This is by no means a limiting list and does not suggest that businesses operating outside of these sectors are excluded from using it. If you think you may benefit and would like to discuss your requirements, please contact Ryan below.
How can we help?
If you are looking for a way to improve the efficiency and accuracy of your approval processes, then ApprovalMax is the perfect solution for you. As an accredited ApprovalMax partner, our team have completed the necessary training and have the necessary skills to design and deliver successful implementation.
To get started, contact our Digital Advisory Team by emailing fintech@haroldsharp.co.uk or call 0161 905 1616.