Using a spend management system to implement personalized spend approval workflows also helps you gain clarity over over cent spent. They’re a great way to streamline your entire spend management process, and they help team members save time. Well-designed approval workflows protect your organization from spending over budget and running out of cash. Organizations can use purchase approval workflows to set clear checks and balances for spend requests related to new equipment, new hires, new vendors, new budgets, and every other type of expense. Proactive spend management starts with a spend approval workflowĪ purchase approval workflow is a formalized way to approve certain spend requests made by team members. ![]() ![]() 5 benefits of the spend approval process.How to create an automated spend approval process.
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