As your business has grown so has the level of trust you have invested in company employees. Letting go of purchase, discount, sign off, compliance and other authorisations is now firmly in the hands of your management team.
To support this transfer of power, budgets, rules and procedures will have been put in place to guide individuals in their decision making. Ultimately, however, company authorisations will be in their hands and subject to their judgement.
For very small businesses this is not a problem, but for growing businesses the reliance on employee integrity to consistently adhere to business rules is a significant business risk. It’s not a lack of trust on your behalf but the inevitability that manual processes can experience errors.
- Purchase order authorisation
- Discount approval
- Expenses authorisation
- Compliance authorisation
- How you can eradicate risk
By taking the relatively easy step of implementing a workflow authorisation system your organisation can radically reduce company risk, improve performance and provide a platform for sustainable growth.