Managing approval levels for invoices

July 1, 2020


Q.¬†For companies processing expense/indirect spend invoices, how do they manage approval levels for persons authorized to approve them? Is the approval authority based on position/title, dollar value of invoice? Does the cost center play any part, meaning approvers only have access to certain cost centers? A. (Answered by the IOFM Advisory Panel) ----- Our approval limits are more department level and determined by the managing supervisor. All invoices are processed based on the invoice amount…

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