You would like to define a payment validation process to control the payments sent via your iBanFirst account ? Follow the guide.
When you create a new user on iBanFirst platform, you can give him a payment limit and the signatory role.
- If you setup a payment limitation, the user can only make payments below the payment limit. Above this amount, he will have to send the payments for approval. In the example above, the user can only make payment until EUR 10,000.
- If you select "Signatory", the user will also be able to validate payments sent by other users, as long as these payments are below his limite. In the example above, the user can validate payments below EUR 10,000.
If you want to setup a two-step procedure, the first user recording the payments and the second one validating them, you just have to create a Standard profile with a EUR0.01 limit and a user with an admin role.
How does the validation process works ?
When a user makes a payment above his limit, the button "Send for approval" shows on the payment process.
All autorized signatories will receive an email informing them that a payment is awaiting signature. They will have to connect to the platform, go to the operation and clicks on "Sign payment" and then "Validate payment".
IMPORTANT : when a payment to validate includes a currency trade, the rate applied will be shown during the payment/trade validation.