6 Approvals

This topic describes the approvals management functionality.

Each user is assigned a particular task to perform as per their position in the hierarchy of the bank/corporate. Transaction created by initiator in the system is routed to the appropriate authorized signatory or group of signatories for approval depending upon the configured rules. A transaction needs to be approved by all the required approvers. A releaser may also be required to release the transaction for further processing once all approvals are completed. The Release facility is specific to the Group Corporate and can be enabled or disabled at the Group Corporate Level. There can be a situation wherein a transaction is pending approval and the approver is on leave. In such cases, the user must be able to re-route the transaction to another approver and mark it as high priority.

The Approvals Management function enables the user to view a summary of all the transactions pending for approval and release across different modules. The user can select the pending transactions and approve, release or re-route them as applicable.

Features supported in application.

• View and Approve Transactions Pending Approval
• Re-route and Prioritize Transactions
• View and Release Transactions Pending Release
• View Initiated Transactions
• View Approved Transactions
• View Transaction Log

• Pending for Approvals
  This topic provides the systematic instructions to user to view and approve the transactions pending for approval.
• Re-route and Prioritize
  This topic describes the functionality of re-routing or Prioritizing a transaction.
• Pending for Release
  This topic provides the systematic instructions to user to view transactions pending release within the module and release them.
• My Initiated List
  This topic provides the systematic instructions to user to view the list of all the type of transactions initiated by the logged in user like account financial, account non-financial, bulk file, bulk record, payee, biller and payments transactions.
• Transaction Details
  This topic provides the systematic instructions to user for viewing the details of an initiated transaction..
• Transaction Log
  This topic provides the systematic instructions to user to view the list of all the type of transactions initiated like account financial, account non-financial, bulk file, bulk record, payee, biller and payments transactions.
• My Approved List
  This topic provides the systematic instructions to user to view the details of transactions that are approved by the approver user.
• FAQ