Add Additional Approvers with Multi-Level Approval Flows
Making the most of the company dime goes beyond cutting costs. It’s a delicate balance between smart investments, spend controls, and efficient use of time.
That’s where automation comes in. New technology developments can drastically improve not only the bottom line, but also the expense management processes your team experiences between charging an expense and reconciling that spend.
TravelBank is always looking to improve the expense management process, which is why in this latest release we’re unveiling multi-level approval flows. Your team can now add additional approvers to your expense policies governed by the expense category and expense amount.
Beyond the Basic Approval Flow
When your employees submit an expense report, the basic approval flow that we automate pushes that report to their assigned manager for approval, and then on to finance for final approval. Finance gives the blessing and any reimbursement amounts are sent off to the employee’s bank account.
We know there are scenarios when you want to go beyond the basic approval flow. Maybe a certain travel manager needs to be the one reviewing airline and hotel expenses. Perhaps your company wants to have managers review expenses below $100 but prefers to have a company administrator review expenses above that amount.
Automating Multi-Level Approvals
With this latest update, your team administrators can now automate nuanced approval flows.
They can add additional approvers to each expense policy in your organization based on rules that the admin can create within the settings tab.
These rules can be based on the expense category and the expense amount, and will govern which members of their organization will have to approve an expense report.