Add Delegated Financial Authority limits for staff approving invoices
Staff members approving invoices have different limits on the maximum invoice amount they can approve. Delegated financial authority (DFA) limits vary, for example, for some staff the limit is $20,000, for others it is $50,000, for others it is $250,000 and for others it is higher.
At the moment there is no limit to the amount a staff member can approve. We would like to see the ability to set delegated financial authority limits for each staff member who is eligible to approve invoices. Each staff member should be able to have a dollar amount set (in their native currency) so they can only approve invoices that have invoice amounts that are at or below the limit.
This enhancement would ensure that best practice financial audit and compliance processes can be achieved
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Paula Hasler commented
This is essential functionality for sites who undertake approvals in Alma instead of their institutional ERP financial system.