Example scenario in a company:
Currently, there are companies where users can record receipts paid in cash without any amount limit, which allows for the entry of expenses that violate internal financial control policies. This leads to rework, audit risks, and a lack of control by currency.
How can this situation be resolved using the Focaltec Control de gastos portal?
For each currency within an expense policy, you can configure a maximum allowed cash amount per receipt and the type of amount (total or subtotal), so that it can later be validated during expense entry.
The following video demonstrates the steps the Administrator must take.
Note that the video explains the steps to activate a policy and also shows how the Spender views the changes made.