Approvals are a critical part of every organization’s operating procedures, yet they are often a missing component when an organization introduces automation initiatives. Many of the programs within both the government and commercial sectors to promote automated processes and transactions address only a fraction of the complete Business Approval Process. In evaluating solutions for the automation of business processes, it is critical to understand and document how data and documents flow today to see where opportunities for automation and efficiency improvements can be introduced.
In order to map out approval processes and plan for automation, it is critical to develop a strong understanding of the Business Approval Process and its value. This involves defining and dissecting the Business Approval Process to break ´it out into critical components and then analyzing these components to build a complete picture.
WHAT IS THE BUSINESS APPROVAL PROCESS?
To define a Business Approval Process, it is first essential to delve into the definition and use of approvals within a business context. Approvals play an integral part in the core operations of every business, from government departments through large corporations. As a rule, most approvals represent the delegation of authority to carry out an activity.