What Are Transaction Approval Cycles and How Can They Help You?
Our Warehouse Inventory System gives admin users the option to set automated Transaction Approval Cycles for purchase and sale orders. This feature within our Warehouse Barcode Inventory System introduces a clear-cut approval cycle and establishes a clear line of communication, which results in optimized workflows and increased productivity for you and your employees. Admin users can designate up to three “Approvers” who will be alerted/emailed by our system to either “confirm” or “reject” a purchase or sales order made by the user who submitted the order request.
The Benefits of Implementing Approval Cycles Automation
Higher Transparency, Trust and Control
A clear-cut automated approval cycle shows the supporting reasons of decisions made at every level, smoothening the highly collaborative decision-making process across departments and teams.
Reduction in Costs, Increased Return of Interest
Time-consuming processes approvals for documents and invoices can be simplified by configuring automatic routing from one level of approval to another, shortening the overall end-to-end approval process.
Standardized Processes Resulting in Actionable Data
Implementing an automated approval cycle helps you build a database on your warehouse inventory, showing you where bottlenecks occurred for example, giving you insights into your warehouse operations.
Maximum Compliance with Quality Standards
With every decision and detail pertaining to a particular transaction or item documented in an automated approval cycle, mistakes and slip ups would be less likely to occur.
How to Set Up a Purchase Order Approval Cycle
Our Warehouse Inventory System’s Transaction Approval Cycle feature works seamlessly with other features, providing you with the platform to create configurable Approval Cycles specific to a function in your warehouse. For example, Purchase Orders or Sales Orders. You can customize the number of notifications and who receives approval requests, as well as approval or rejection statuses.
Check on The Status of a Transaction Approval Request
This feature also provides users with the ability to check on the status of an approval request. Users can see whether a request is open, pending, approved or rejected. This is useful as our system records the time and date of the request, so if there is a prolonged time between approval request and a response, the requestor can follow up with the approver directly.
Approve A Transaction Approval Request
Through the WMS Transaction Approval Cycles feature, a designated approver would be able to access the function to approve or reject a request. At this point, the assigned admin or approver can also edit the order to include follow up notes or more information.
See how Our Warehouse Inventory Management can work for you!
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