Month-end chaos. Stacks of invoices. Endless email threads. Countless Slack messages. Approval processes should not slow down your business. Yet, many finance teams face inefficiencies that delay payments, increase errors, and create compliance risks.

Some companies still handle approvals manually, wasting hours chasing decision-makers and verifying transactions by hand. Others have no structured approval process at all, exposing their finances to fraud, audit failures, and security breaches.

Finofo’s Approval Policies solve these problems by automating approvals, enforcing compliance, and giving finance teams complete control over every transaction without manual effort.

Still using manual approvals? Automate for faster processing

Manual approvals are a constant bottleneck. AP teams spend hours tracking approvals, sending reminders, and verifying transaction details. Mistakes happen, approvals get delayed, and compliance becomes a moving target.

With Finofo, your approval workflows run themselves. Every transaction is routed instantly to the right approvers based on predefined rules. No more follow-ups. No more manual reviews. Just faster, more secure approvals.

No approval process? Prevent compliance risks now.

No structured approval process? That is a financial risk. Without clear oversight, unauthorized transactions can slip through, making your business vulnerable to fraud, compliance breaches, and audit failures.

Finofo helps you set up audit-firm-preferred approval policies that enforce financial discipline, prevent unauthorized transactions, and ensure full compliance with SOX and other regulatory standards. Every approval is logged, timestamped, and secured with role-based permissions to protect sensitive financial data.

Here’s how the approval stages history looks like:

How Finofo’s approval policies boost AP efficiency 

Set up custom approval groups in seconds according to your business needs. Assign roles and define who approves each payment. Every transaction reaches the right person, at the right time.

Automate approvals with built-in validation: Create custom rules and approval policies for payments, transfers, conversions and withdrawals. Transactions are routed automatically, reducing approval delays and eliminating costly errors.

No more chasing approvals: Instead of manually following up with decision-makers, Finofo ensures approvals happen instantly with full transaction context.

Why your business needs automated approvals now

Approval inefficiencies lead to wasted time, compliance headaches, and financial exposure. Companies that rely on manual approvals spend 30-40% more time on approvals each month, leading to delays in vendor payments, operational slowdowns, and higher risk.

Finofo’s Approval Policies provide:

• Faster approvals with instant routing will enable you to cut approval times by up at least 50%
• Stronger compliance with built-in financial controls and secure audit trails
• Lower risk through structured, audit-ready workflows that prevent unauthorized transactions
• Complete visibility with a full approval history, real-time tracking, and user logs

Without a structured approval process, businesses face audit risks, fraud exposure, and costly inefficiencies. The right approval policy not only protects your business but also makes your finance team significantly more efficient.

Switch to approval automation today and see instant results. Start your 21-day free trial today.