Paying your bills on Forwardly comes with extra security and control. As an admin or advisor, you can decide how much permission is needed for different types of expenses. If a payment request is too high, it has to go through a more careful review and get special approval. Setting up approval settings is easy and takes only minutes.
- On the sidebar, click Business Settings.
- Go to Payment Approvals.
- Click Add New Threshold.
- Set the amount you want the threshold limit to exist for less than.
- Set the number of approvals you want to be required for the payment limit.
- (Optional) Select eligible approvers out of the existing business users.
- Click Save.
|Warning: Business users with Admin or Advisor permissions can override the approval process and initiate payment without the approval of selected approvers, no matter what threshold limits are in place.
Why can't I add a user as a payment approver?
You cannot add the same approver for an upper limit if they are already selected as an approver for a lower payment limit. Approvers for a lower payment limit can approve payments for lower limits.
Approval Example in Practice
Threshold limit one: $500 - 1 approval required - Taylor is a selected approver.
Threshold limit two: $15,000 - 2 approvals required - Justine and Marco are selected approvers.
Threshold limit three: $50,000 - 3 approvals required - Kyra, Justine, and Marco are selected approvers.
Payments under $500 don't need to be approved. However, if Megan wants to put through a payment of $2,500, then she'll need either Taylor, Marco, or Justine to approve. If Taylor wants to put through a payment of $10,000, then she'll need both Justine and Marco to approve the payment. Kyra, as a business user with the Advisor permission level, can put through payments for any amount without any approvals.