To make things easier, many companies are investing in automated approval routing software. And the more people or departments that are involved, the harder it gets. Even companies with well-designed business processes can have a hard time managing a high volume of transactions. However, collecting approvals is a time-consuming process.
Accounts Payable needs to confirm that every invoice is authorized and accurate to maintain control over their company’s spend - and to maintain compliance with industry regulations. Approval routing is a crucial step in any organization’s procure-to-pay cycle.