Payment Approval Tiers give you an additional level of control after an invoice has already been approved for processing. Many businesses use payment approvals only for larger payments, allowing routine invoices to be paid automatically while requiring management approval before high-value payments are released. To configure this, create one or more payment approval tiers based on payment amount. For example, payments under $5,000 may not require any payment approval, payments between $5,000 and $25,000 may require a department manager, and payments over $25,000 may require approval from the CFO. This approach keeps everyday payments moving quickly while ensuring larger cash outflows receive the appropriate oversight.
When a payment is scheduled, EasyInvoiceManager automatically compares the payment amount against your configured tiers and routes the payment request to the correct approver. Payment approval is completely independent of invoice approval, allowing different people to approve the invoice and the payment if required by your internal controls. Every approval decision is recorded in the audit trail, providing a complete history of who approved the payment, when it was approved, and any comments that were added before funds were released.
More information here
Was this article helpful?
That’s Great!
Thank you for your feedback
Sorry! We couldn't be helpful
Thank you for your feedback
Feedback sent
We appreciate your effort and will try to fix the article