Business Overview (Approval Workflow)

Premise

You are involved with pricing applications either in the Pricing, Financial, Sales, or IT support teams within your organization. 

Desired Outcome

You need to get full control and track the history of your key pricing decisions through automated approval workflows. Define their rules based on your needs and utilize them across your key pricing processes, like quotes, rebates, price lists, and promotions.

Context and Background

Pricing applications are a core and critical system for many enterprises because the outcomes that they generate can have an oversized impact on margins and profitability. The calculations to generate these outcomes, like price lists, quotes, and rebates, are quite complex and each of them will need an approval workflow to determine if their values are within certain parameters and aligned with corporate goals.

Problem

The workflow approval process is a mandatory part of pricing solutions and invariably its creation can be quite intricate and will almost always require the assistance of an application developer.

Solution Capabilities

Once this Accelerator has been implemented and configured for your environment, these will be the functional capabilities:

• Create custom approval workflows​

• Ability to define approval workflow types (i.e. quotes, price list, etc.) and their approval steps

• Link users or user groups as approvers​ in your workflows

• Create conditional expressions and connect them to the approval step​

• Full execution of workflow process​

• Workflow history tracking