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Strict four eyes principle in Next® Invoices
When you process invoices in Next®, you choose the approval flows to match your business policies. Some invoices require multiple approvers, and others do not. Some invoices must be verified against individual approval limits, and others not.
One of the popular approval setups in Next®, is the Four eyes principle.
With the Four eyes principle, Next® guarantees that (at least) two authorized persons have seen and approved the purchase, before it is released for booking and payment.
Typically, you combine this, with Authorized approval limits, where you define a maximum invoice amount for each approver. And define, who to involve (escalate to) if an approver lacks the authorization to approve an invoice.
Until now, if you have the right authorization in place, you could overcome the strict requirement for 4 eyes or 2 individuals being involved in the approval by delegating the second approval to the same person who did the first approval. From a delegation of authority point of view, this is actually OK, as the person doing the delegation needs to be authorized to do so.
More clarity
In order to bring more clarity to the principle, we now enforce strict 4-eyes principle. Next® will now verify that the second approval is not done by the same person who did the initial approval. And, if you try to do so, Next® will refuse and advice you to delegate the approval to another colleague with adequate authorization.
No matter why you are now in a position to do also the second approval, Next® will not allow it.
The business log
Future enhancements
For the techies
Commercial terms and conditions
This new feature is available at no additional cost, to users with an active service plan. Any consultancy assistance will be invoiced.
Disclaimer
Despite our best efforts, we may be forced to change both content and expected delivery of future product updates without notice.
Details
Title:
Strict four eyes principle in Next® Invoices
Type:
Enhanced feature
Status:
Released
Expected release:
November 2021
Affected products:
Next® Invoices
Audience:
End user
Specialist
Classification:
Public
Responsible product manager:
Jørn M Christensen
Updated:
9.11.2021
By:
Kim Hellum