The Approvals tab is a feature that allows users to manage and track approval workflows for various transactions and features, such as payments, expenses, bills and budgets. Approvals are created and configured in the platform to support the business requirements. Key functionalities include:

1. Approval Workflows: Users can set up and customize approval processes using Policies for different types of transactions, ensuring that all necessary approvals are obtained before processing.

2. Tracking Status: The tab provides visibility into the status of pending approvals, allowing users to see which transactions are awaiting approval and which have been completed.

3. User Management: Administrators can assign specific approvers to transactions based on predefined criteria, streamlining the approval process.

Why is this page important?
Understanding the Approvals tab is essential for effective financial management, as it helps organizations maintain control over their spending and ensures compliance with internal policies.

Next Steps:

1. Access the Approvals tab. To access the tab, do the following steps:

a. Log into your OFX account.

b. Navigate to the Approvals side bar menu option. 

2. Familiarize yourself with the available features and settings.

3. Set up or modify approval workflows as needed to align with your organization’s processes. Click on Policies to setup and modify approval workflows.

4. Monitor pending approvals regularly to ensure timely transaction processing.

Related FAQ Articles:

• What is a policy?

• How does a user view pending items in the approval queue?

• How does a user view a policy?

• How does a user edit a policy?