The Approval Structure Tab is used to establish the approval authority and dollar limits for a Service (Money Transfer, ACH, etc.).
In some configurations, the approval requirements (number of approvers) has been predetermined by your financial institution. Flexibility on setting the approval structures is limited within those preset parameters.
The approval structure can be set up in any of the following ways:
No Approval Required - All payments created using the profiles related to this service, regardless of dollar amount are automatically queued for processing with no approval required (Pending status).
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From |
To |
Required Approvers |
Level 1 |
Level 2 |
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0.00 |
Maximum |
0 |
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Approval Required, Single Tier - All payments created using the profiles related to this service, regardless of dollar amount require the assigned number of approvals, and their approval level, before they are queued for processing. Payments are placed in Pending Approval status until the required number of approvals (by user(s) of the levels indicated) have been completed, after which, the payment(s) are placed in Pending status (awaiting processing by the financial institution). For example:
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From |
To |
Required Approvers |
Level 1 |
Level 2 |
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0.00 |
Maximum |
2 |
1 |
1 |
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Approval Required, Multi-tier - Multiple dollar amount tiers are established with an assigned number of approver(s) and required approver levels at each dollar level tier. For example:
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From |
To |
Required Approvers |
Level 1 |
Level 2 |
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0.00 |
10000.00 |
1 |
1 |
1 |
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10001.00 |
50000.00 |
2 |
1 |
1 |
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50001.00 |
100000.00 |
3 |
1 |
2 |
Assignment of the Required Approvers field value "N/A", will restrict the use of the Profiles associated to this Service, for payment creation. Use the explicit value "0" if no approval requirement is to be assigned to this profile.