We have enhanced
how approvals work within intelligentcontract.com. From 11th January
2018, customers that have Enterprise Level Accounts can start using these improvements. The following enhancements are included:
How Do Approvals Work?
Contract approvals allows you to associate an approval status with each contract. New contracts are given a status of “pending”. Once submitted for approval, the status will change to “in progress”. At this stage the contract will be subject to a workflow (which either you or the system can decide) that can be different for each contract depending upon the type or value of the contract. Once the approval process is complete, the contract will either be “Approved” or “Rejected”
Why Should I Use Contract Approvals?
Approvals can be used to replace one or more of your current paper based processes or to introduce new controls into your contract process. The reasons and the scenarios for using approvals will differ from organisation to organisation but here some typical use scenario
· Please note: Read-only users can be part of the approval process. They can approve and reject contracts. They are not able, however, to initiate a contract approval process. Initiation, cancellation or sending reminder notification requires a user to be a full user.
Want to get started?
If you wish to start using approvals in your contract management process, then please refer to our quick start guide: https://support.intelligentcontract.com/solution/articles/22000218727-approvals-quick-start