Requiring transaction approval
BillingCenter users create transactions in various situations and for various amounts. Insurers may want to require supervisor approval for transactions of a given type that exceed a given amount.
This topic describes how transaction approval can be implemented through the use of approvable transactions, authority limits, and approval activities.
Approvable transactions
An approvable transaction is a financial object that an end user can create manually but that BillingCenter will not process until the object has been approved. There are 13 types of approvable transactions in BillingCenter:
- Advance commission payment
- Bonus commission payment
- Charge reversal
- Credit
- Credit reversal
- Disbursement
- Funds transfer
- Funds transfer reversal
- Negative write-off
- Negative write-off reversal
- Producer payable transfer
- Write-off
- Write-off reversal
The determination of when to process an approvable transaction is managed by authority limits.