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## 14.9 Step 8: Approval Rules

This topic describes the information about Approval Rules feature. This function enables the Bank Administrator to set up conditions for approval as well as for Releaser as per the bank/corporate requirements.

A rule can be set up for financial, non-financial, non-account financial transactions and for maintenances. Flexibility is provided to define approval rules with conditions stating that specific transaction if initiated by a specific user/ user group/All users has to be approved by a specific approver/approver group along with other attributes like amount range etc.

For an approval rule, the user has an option to select one workflow within which different levels are available for approver and checker. The release rules should be resolved at the time of transaction initiation. The users mapped at the time of transaction initiation will be able to release the transaction. The rules specific to release can be configured for a combination of initiator type (user, user group), transactions and accounts. User can set up the release rule only for those transactions for which the release functionality is required. If no rule is configured for a combination of values, then it will be considered as no release required. All the transactions as per the specified rule, will be sent for release to the configured users/user groups post successful approval at all levels.

Pre-Requisites

- Transaction access is provided to Bank Administrator
- Party preference is maintained for setting up rules for corporates
- Corporate and Administrator users are maintained
- Workflow configuration is maintained if approval required is to be set as ‘Yes’
- Approval rule set up for Bank Administrator to perform the actions
- Necessary user groups and approval workflows are maintained

Features supported in application

The Approval Rule maintenances allow the bank administrator to:

- Create Approval Rules
- View Approval Rules
- Edit Approval Rules
- Delete Approval Rules

Figure 14-63 Workflow

Description of "Figure 14-63 Workflow"

Navigation Path: Perfrom anyone of the following navigation access to Approval Rules tab.

- From System/ Bank Administrator Dashboard, under Corporate Onboarding , click Group Corporate Onboarding and then click Approval Rules tab.
- From System/ Bank Administrator Dashboard, click Toggle Menu, then click Menu and then click Group Corporate Onboarding, UnderGroup Corporate Onboarding , click Approval Rules tab.

- Approval Rules – Summary
  This topic describes the systematic instruction to Approval Rule - Summary screen.
- Approval Rules - View
  This topic describes the systematic instruction to Approval Rule - View feature.
- Approval Rules - Edit
  This topic describes the systematic instruction to Approval Rule - Edit feature.
- Approval Rule – Create
  This topic describes the systematic instruction to Approval Rule - Create.

Parent topic: Group Corporate Onboarding