Standard Approval Policies give the finance team visibility into an expense before it's made. They make the pre-approval process simpler and more transparent.
Standard Approval Policies are highly flexible and can be tailored to the department. You can add multiple approvers to an Approval Policy.
For additional flexibility and custom approval workflows that reflect your company’s unique policies, upgrade to Advanced Approval Policy.
The Standard Approval Policy is expressed in terms of an expense range or threshold.
Here is an example of the Standard Approval Policy:
|$0–$2000||No approval required|
|$7501 and above||Requestor’s manager + Finance Manager + CEO|
Say there is an expense request for a tool or service that costs $9000, the requestor needs approval from their Manager, Finance Manager, and the CEO.
Purchase Orders follow the Standard Approval Policy set for One-time Virtual Cards. To enable Standard Approval Policy for Purchase Orders for your Airbase Account, please reach out to Airbase Customer Success team.