Glossary
Approval Matrix
Definition
An approval matrix defines who must approve a transaction based on criteria like amount, department, or vendor.
Why it matters operationally
Without a clear matrix, approvals happen ad hoc over email and break under audit. A defined matrix makes routing automatic and the trail defensible.
Example
Invoices under $1,000 need one approver; over $10,000 need a director and the CFO.
Handle approval matrix in a workflow
Route invoice approvals and keep the audit trail.