Settlement Approval

You use one of two approval methods: manual settlement approval or automatic settlement approval. When using automatic settlement approval, you choose between a PeopleTools Workflow process called Virtual Approver and the Approval Framework. Once authorized, whether manually or automatically, you process the settlements for payment.

See the product information for PeopleTools: Workflow Technology "Defining Approval Processes," Understanding Virtual Approver.

See the product information for PeopleSoft Approval Framework.

This diagram illustrates the settlement process:

The settlement process using automatic approval or manual approval, from cash flow transactions through Financial Gateway or Pay Cycle Manager

Note:

If you're enabling automatic approvals, you must select the approval method on the Treasury Options page. Also, you can only authorize settlements up to the maximum approval limit with Virtual Approver.