Approvals

Definition

Approval is a formal acceptance that is granted by an internal user that is based on certain rules.

Approval Process

In the approval process, the members at each level of an approvals list indicate their approval of all accepted items in a contract. The approval process provides a mechanism for users to collaborate during contract creation and negotiation. As part of the collaboration process users can approve or reject the content of the contract. If a contract requires approval, the user must initiate the approval process before it is presented or executed the contract.

Features of the Approval Process

• The approval process involves approvers and approval lists. An approver is an individual authorized to approve or reject an approvable action. Approval lists are lists of users, user groups, or both that are defined in single or multiple levels.
• The approval process within a level is parallel and between levels is sequential. After users in one level complete the approval task, the process moves to the next.