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 will not result in the actual transaction being executed until the object is 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.