How do I create a policy for a recipient?

To create a policy for a recipient, follow these steps:

1. Log into your OFX account.

2. Navigate to the “Approvals” section from the sidebar menu.

3. Select “Policies” from the dropdown menu.

4. Click on “+ Create policy” to start a new policy setup.

5. Enter a name for the policy that clearly identifies its purpose.

6. Specify the conditions under which this policy will apply, including any relevant criteria related to the recipient.

a. Click on "Start with the trigger" dropdown. Select the "Any bill is submitted" option.

b. Click on "Add a condition" under the step 3 "Narrow it down with specific conditions" field.

c. Click on the "Select a condition" option under the "First condition" field.

d. Select the "Bill is from a specific recipient" option from the dropdown.

e. Click on the "Select a recipient" dropdown under the "Apply to all bills to" field. Pick a recipient from the list.

f. Complete remaining steps when prompted. Click on "Add a step" under the "Apply the steps required to approve".

g. Click on "Select an approver to add". Assign approvers from the dropdown who will be responsible for reviewing requests associated with this policy.

h. Click on "Select an option" under the "Stage is complete when" field. Select the best option associated with your policy.

i. Click on "Save" to the policy once all details are entered and reviewed.

A message is displayed to confirm that the policy has been successfully created.

Why is this page important?
Creating specific policies for recipients helps streamline the approval process, ensuring that transactions are managed efficiently and in accordance with organizational standards. It enhances accountability by designating clear approvers for each recipient.

Next Steps:
After creating the policy, monitor its effectiveness and make adjustments as necessary based on feedback or changes in business needs. Regularly review policies to ensure they remain relevant and effective.

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