Authorization for Expenditure (AFE) | Authorization for Approval
Approval authorization software that simplifies and streamlines workflow for expenditure submissions and approvals.
“Our CEO approved his very first AFE approval request from his mobile device.”
Ken Richardson, PCI Pharma Services
Integrify is the only workflow and approval software that allows users (both developers and business users) to easily define, build, and publish customized Authorization for Expenditure request processes within an intuitive interface. Have a new, customized AFE approval process running within weeks, not months. Build AFE forms with business logic to route requests by amount, type, urgency, division, role, etc. With Integrify, you define your processes and forms.
Try our "CapEx/AFE Automation Walkthrough" to see how automating the AFE process ensures efficiency and accuracy when making critical purchase decisions.
Using Integrify's Workflow Management software to design custom expenditure authorization for approval processes, our clients have significantly improved the AFE approval process and reduced their approval cycle times by up to 35%. At the same time, they are providing unprecedented transparency into the entire process. Requesters can track progress, managers can make informed decisions, and auditors have a complete, automatically generated audit history.
Our customers keep their capital projects and expenditures aligned with their enterprise capital financial strategies and objectives. They’re improving their enterprise cash flow management and making procurement teams more effective.
AFE Request Software Features
Company hierarchy-driven approvals
Sequential or parallel authorization processes
Approve by email or mobile device
Set escalations, alerts, and reminders
Use prefilled and dynamic form fields
Add file attachments of any kind
Review a complete audit trail for every request
Design executive dashboards to track performance
Designate alternate/backup approvers
Route by amount, department, or any other AFE data
Perform Ad-Hoc approvals
Integrate with accounting, ERP, CRM, and other systems
Benefits of an Automated Authorization for Approval Process
- Reduction in CapEx procurement request, review, and approval process time.
- Streamlined and standardized supply chain processes across multiple divisions.
- Review and approve/manage requests from any mobile device.
- Easily attach supporting documentation.
- Elimination of error-prone spreadsheet systems.
- A clear audit trail that's easy to understand and manage.
- Enable regulatory compliance and adherence to company policies and procedures.
- The establishment of a multi-tiered process definition provides security for sensitive data.
- Purchasing safety and effectiveness.
Reporting and Visibility
- Report on the efficiency of the process overall or for individual requests.
- Provide a transparent view of the AFE process and current status.
- Compare planned vs. actual spending.
- Identify bottlenecks and implement corrective action.
- Easily incorporate data into balance sheets, income statements, and cash-flow projections.
- Integration with existing financials in existing ERP systems.
- Add additional functionality via plug-ins.
- Embed AFE forms and tracking into existing intranets or Websites.
Planning an AFE Automation Project
Most organizations already have a process for managing expense requests, although common questions about those processes tend to be:
- Is it formalized and standardized across the organization?
- Is it consistently used?
- Is it efficient and expeditious enough?
- Does it provide enough visibility during and after a request is submitted?
- Is everyone adequately involved and collaborative?
While automating your AFE/CapEx process can resolve all these questions affirmatively, getting from what you have to do what you want requires thoughtful planning and implementation.
Some tips for preparing for automation:
- Document Your Process
- Eliminate Tribal Knowledge
- Create an Approval Matrix
- Design Request Forms
- Use Task Reminders and Alerts
Integrify Is More Than Just Software
We have a great software product and a great service team that can drastically reduce your implementation time. Our experienced consultants have built AFE workflow solutions for the biggest companies in the world. That means we can if you need help with planning, best practices, or process design or if you want us to build everything. We'll even build a prototype of your process in our system that you can evaluate for 30 days.
Interested in Automating Your AFE or CapEx Workflow?
We have a variety of resources to help you on your journey to automated workflow.