Finofo allows you to create approval policies for different types of transactions to maintain control and compliance.
Getting Started
Click on the Approvals tab on the left sidebar of your dashboard.
In the top-right corner, click on Approval Policies to access the settings.
Types of transactions you can add an approval policy for
All supplier payments
Currency conversions
Real-time transfers
Withdrawals
Direct debit deposits
Additionally, approval policies apply to adding beneficiaries and bills.
When a collaborator adds a beneficiary or bill, it will be under review until an admin or owner approves it before processing.
Editing an Approval Policy
On the Approval Policies page, click Edit to modify an existing policy. You can also change the base currency to the most active currency you are using with Finofo to have it as the reference for any transaction.
Choose from three rule options:
Amount lower than
Amount greater than or equal to
Amount within a specific range
Enter the amount thresholds and assign an approver group.
📖 Need to create an approver group? Learn more here.
💡 Tip
Need more help? Don’t hesitate to contact our support team at [email protected].