What happens when an approvable is submitted for approval?

When an approvable is submitted for approval, it enters an approval process. This process typically involves routing the approvable to one or more designated approvers who will review the details of the submission, such as purchase orders or invoices, depending on the organization's approval workflow. The approvers assess the submission based on predefined criteria, policies, and thresholds before deciding to approve or reject it.

The approval process is crucial for maintaining control and accountability in procurement activities, ensuring that all transactions adhere to organizational policies. Once the approvable is submitted, tracking and managing its status becomes important until a final decision is reached by the approvers. This structured process helps mitigate risks and promotes due diligence in procurement operations.

The automatic approval of the submission, manual review, or removal from the system are not standard processes for an approvable once it’s submitted, as the purpose of submitting it for approval is to ensure it is properly vetted before any further action.