The Workflow Bump Feature catalyzes the expense report approval, helping teams stay on track and meet deadlines. It speeds up the approval process so expenses move quickly through the hierarchy. Eliminate bottlenecks and keep your workflow running efficiently from start to finish.
Streamline Your Expense Approvals Today!
Why Workflow Prioritization Matters in Expense Management?
Expense Management is critical to the health of an organization. Still, many struggle with delayed approvals and ineffective communication during the process of expense reporting. However, if necessary expenditures are prioritized and addressed promptly, organizations can avoid delays, enhance financial control, and ensure accountability among approvers.
The ExpenseVisor’s workflow bumping system streamlines the approval process as it automatically escalates urgent reports. This saves on processing time and also enhances employee satisfaction, as a good working culture is fostered due to timely reimbursements.
- How It Works
Define the hierarchy of approvers for expense reports, outlining who must approve at each level.
Specify how long an expense report can remain at each approval level before being escalated.
The system automatically escalates the report to the next approver if an approver does not act within the set timeframe.
Key Benefits
Ensures Timely Processing
Prevents expense reports from being delayed in approvers’ inboxes, promoting faster resolutions.
Improves Cash Flow
Enables quicker reimbursements for employees, alleviating financial strain.
Increases Efficiency
Minimizes the need for manual follow-ups and reminders, allowing teams to focus on higher-value tasks.
Enhances Accountability
Encourages approvers to act promptly, knowing that delays will lead to automatic escalation.
Implementation Considerations
Customize Bump Periods
Tailor bump periods for different approval levels, recognizing that each may require different waiting times.
Notifications
Reporting
Track bump occurrences to identify potential bottlenecks in the approval workflow, enabling continuous improvement.
Override Options
Best Practices
Clear Communication
Regular Review
Leverage Analytics
