Benefits of Approval Management System – Horizon EBS

An Approval Management System is a vital part of Enterprise Resource Planning (ERP) software that allows a company to manage the approval process in various departments. It ensures that the right people are involved in the decision-making process, and it helps streamline the process by automating repetitious tasks.


Approval Workflow Automation

Here are some of the challenges that can affect your business and its success

In a large or medium-sized organization with multiple departments, there can be multiple-level hierarchical approval workflows, and it is problematic for any person to seek physical approvals from all departments and his line managers.

If the approver of a particular transaction is unapproachable or on leave, the approval process will be on hold and the process is delayed affecting all the inter-related activities and amounting to a massive loss for the organization.

Considering the above impact on business growth, it becomes prudent for any organization to have a proper Approval Management System. If you don’t have a system in place, don’t worry we have the right choice of solution Horizon EBS – Approval Management System to bring hockey stick growth to your business.

Essentials of Approval Management System

The approval Management System is unique for each process in a department and it varies between organizations based on their requirement. Horizon EBS – Approval Management System is flexible and helps you to create your own task process. The common tasks in defining the approval process include

Submission: A representative or employee initiates submitting a document, invoice, purchase order, or anything in the system.

Assign approvers: If the process has multiple level approvals, define each level and the person who has to approve and take the decision.

Define permission hierarchy: Set user authority level and which user needs to approve at each stage of the hierarchy.

Set due date: Define deadlines to keep the task moving on each level and prevent roadblocks.

Alerts and reminders: Configure reminders to alert and notify of task performance. Automatic alerts on submission approval, rejection, or update request to advance to the next level. Status on submissions that undergoes multiple updates can be sent to everyone to keep them informed.

Audit log: Save every step in the approval progress for transparency and consistency.

Key benefits of approval automation workflow

• Streamlines business processes and ensures they are followed each time.

• Define single, group, or hierarchical approvals.

• Optimizes time and helps in taking a smart decision.

• Ad-hoc approvals to perfectly handle in the absence of an approver.

• Complete transparency to check on the status of the task progress.

• Approve or reject requests instantly from email, without logging in to the ERP system.

• Get notified instantly with push notification.

• Eliminate administrative errors

Build a robust automated approval process with Horizon EBS

Empower your team to go above and beyond borders with the perfectly designed integrated Approval Management System and Enterprise Resource Planning (ERP). Get real-time visibility into the approval process as it happens with email and push notifications.

When teams have clarity on the task progress, there are a lot of things they can accomplish at the same time interval. You can write to us at sales@fit.ae or call us at +971 4 3533727 to know more about Horizon EBS.


Comments

Post a Comment

Popular posts from this blog

Understanding the Difference Between ERP Systems and Accounting Software

Image
In the dynamic landscape of business management, having the right tools at your disposal is crucial for success. Among these tools, Enterprise Resource Planning (ERP) systems and accounting software play pivotal roles. While these terms are often used interchangeably, they serve distinct purposes in helping businesses manage their operations and finances effectively. In this blog, we will delve into the definitions of ERP systems and accounting software, explore their key differences, and discuss the benefits they offer to businesses.   Defining Accounting Software: Accounting software serves as a fundamental tool for managing financial transactions and generating essential financial reports. It encompasses various functions such as bookkeeping, invoicing, payroll management, accounts payable and receivable, and cash flow management. Advanced accounting solutions also offer features for tax compliance, budgeting, forecasting, auditing, and financial analysis. By automating financia...
Read more

Three Ways to Get More Out of Your Current ERP System

Image
How can a company realize a larger return on investment and business benefits from their investments in their ERP software? This is a topic that most companies enjoy discussing about. Here are three key points: 1. Understand and leverage the functionality you already have.  Many ERP vendors offer a wide array of core functionality, advanced modules, and third-party applications to address the needs of their customer base. So much so, in fact, that many customers don’t fully understand the full breadth of what is right in front of them.  One key lesson for companies is that many broken business processes or perceived weaknesses in the system are often easily addressed by better leveraging functionality that already exists but isn’t necessarily being used by the organization. This can be a more cost effective solution than ripping out and replacing your incumbent ERP software package. 2. It’s never too early or too late to develop your business blueprint. ...
Read more

TOP 15 BENEFITS OF IMPLEMENTING ERP SOFTWARE

Image
There are many advantages to implementing an Enterprise Resource Planning (ERP) software solution. Among countless other advantages, implementing  ERP software  can improve productivity, increase efficiencies, decrease costs and streamline processes. Let’s look at 15 of the most common benefits of an ERP system that companies have reported after implementation. ERP implementation is broken up into three phases: discovery, implementation, and results. In the initial phase, we install the software, build a prototype, and train your staff. Then we test the ERP system, create reporting templates, and run more targeted training sessions. Finally, we finalize the model of your ERP system, conduct readiness assessments, and go live. Workwise provides expert level software implementation, which is the process of placing sub-systems into your main ERP system and ensuring that they all are able to function together as one seamless system. Taking knowledge ...
Read more