Automated distribution
Invoice approval
Get the right invoice to the right person faster.
![invoice-approval-rules](https://compello.com/hs-fs/hubfs/invoice-approval-rules.png?width=2000&name=invoice-approval-rules.png)
Smart approval
With advanced rules and artificial intelligence, you can automate the distribution of invoices for approval.
Here are some of the benefits.👉👇
Save time and resources
By automating tasks related to invoice management, you can save significant amounts of time and resources for your business.
Avoid mistakes
With automation, you remove the risk of human error. As a result, you can save even more time by not having to correct errors and follow-up mistakes.
Approve from mobile
Approve invoices anytime, anywhere.
Smart features
Here are several features that make approval smart in Compello.
Absence
Set up temporary approvers in case of absence.
Series approval
Send several attachments for approval in a series. These vouchers can then be approved in a prioritized order.
Parallel approval
With parallel approval, several people can approve vouchers at the same time.
Notification
Get email alerts and reminders for what you have for approval.
Amount limit
You can easily set an amount limit per approver.
User levels
You can set approval and account rights for each individual user.
Frequently asked questions about invoice approval
Invoice approval is an important part of the invoice management process, where an invoice is reviewed, assessed and approved by the responsible parties in an organization before payment is made. The purpose of invoice approval is to ensure that the invoice is correct, in accordance with agreed terms and in compliance with internal policies and procedures.
There are many benefits to using automated invoice approval:
- Efficiency and time savings: Automated invoice approval makes it possible to process invoices faster and more efficiently. Invoices can be automatically routed to the right approval authority based on defined rules and hierarchy in the system. This saves time and reduces waiting time for approval.
- Reduced error rate: Manual invoice approval is more prone to human error, such as mistakenly approving invoices with incorrect amounts or invalid cost centers. Automated invoice approval reduces this risk by using predefined rules and criteria for approval. This helps ensure accuracy and consistency in the approval process.
- Better control and traceability: Automated invoice approval provides better control and traceability in the approval process. It's easier to keep track of which invoices have been submitted for approval, who has approved them and where they are in the workflow. This helps to ensure compliance with guidelines and regulations, as well as better internal control.
- Greater transparency: Automated invoice approval provides greater transparency throughout the approval process. It makes it easier for all parties involved to access information about invoices, their status and any discrepancies or comments related to the approval process. This contributes to better communication and collaboration between departments and stakeholders.
- Cost savings: By using automated invoice approval, companies can achieve cost savings. Manual approval can be resource-intensive and cause unnecessary delays in the payment process. Automation makes it possible to streamline the approval process, reducing the need for manual work and freeing up resources for more value-adding tasks.