ApprovalMax
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ApprovalMax is a cloud-based approval workflow automation software designed to help finance teams control spending, manage budgets, and streamline approvals. The system provides a range of features, including customisable approval workflows, user permissions, audit trails, and payment features all designed to help businesses save time and reduce errors in their approval processes.
The app was founded in 2014 and is headquartered in the UK, with offices in Germany, the US, and Australia. It is designed to integrate with other software tools commonly used by finance teams, such as Xero, QuickBooks, and Sage, to provide a complete financial management solution.
ApprovalMax enables businesses to set up customisable approval workflows, assign user permissions, and track the progress of approvals in real-time. The app allows businesses to set up multiple approval levels, define approval conditions, and set up automatic reminders for outstanding approvals.
One of the key benefits of using ApprovalMax is its ability to integrate with other software tools commonly used by finance teams. This allows businesses to streamline their workflows and automate tasks such as data entry and reconciliation. ApprovalMax also provides a range of reporting and analytics tools to help businesses track spending and improve their financial management processes.
The app is primarily used by finance teams in small and medium-sized businesses (SMBs) that need to manage their approval processes more efficiently. It is particularly useful for businesses with multiple approvers and complex approval workflows, such as those in finance, accounting, or procurement departments.
Overall, ApprovalMax is a valuable tool for SMBs looking to streamline their approval processes and improve their financial management workflows. Its focus on approval workflow automation, integrations with other software tools, and customisable workflows make it a popular choice for finance teams across a range of industries.
ApprovalMax at a glance:
Cost
Standard - $36.67/month per organisation. Includes bill approvals, Dext integration, purchase order approvals, sales invoice approvals, credit note approvals, reports. | Advanced - $57.50/month per organisation. Includes full standard package, plus bill to PO matching, budget checking, contact approvals and auto approvals. | Premium - $82.50/month per organisation. Includes full advanced package, plus batch payment approvals, stand-alone workflows and priority support.
Competitors
ProperConvert, Quicken, Uncat, Buxfer, Creditsafe, Khatabook
Function
ApprovalMax is a tool used to get your financial documents approved on time. Customise the approval process and approvers for each step. Review and approve bills and purchase orders wherever you are, from the web app, mobile app or email. With ApprovalMax you can get automated audit trails and adjustable reports.
USP
ApprovalMax's unique selling proposition is its cloud-based approval workflow automation software that enables finance teams to control spending, manage budgets, and streamline approvals
Use case
ApprovalMax enables businesses to set up customisable approval workflows, assign user permissions, and track the progress of approvals in real-time
Features
Approval Workflow | Audit Trail | Commenting/Notes | Configurable Workflow | Expense Tracking
Strengths
Custom approval workflows | Easy to implement and integrates seamlessly with Xero | Effective automated processes save you time
Considerations
The pricing model may be expensive for some businesses, and the system doesn't have built in OCR and scanning tools, you need the add-on "ApprovalMax Capture".
Target customers
Small-Medium sized businesses