Transaction Approvals

Overview of Transaction Approvals

Transaction Approvals allows for approvals on Investment, Loan, Line of Credit and Portfolio transaction types. You will be able to select which transactions across each of the four submodules requires approval and one universal transaction approval screen (this replaces the three existing approval screens as of the August 2015 Delta).

Investment Module

In the Investment System Settings screen (Financial Services --> Investments --> Setup), there is an Approvals tab:

Line of Credit Module

In the System Settings screen (Financial Services --> Line of Credit--> Setup), there is an Approvals tab:

Loan Module

In the Loan System Settings screen (Financial Services --> Loans--> Setup), there is an Approvals tab:

Portfolio Module

In the Portfolio System Settings screen (Financial Services --> Portfolio--> Setup), there is an Approvals tab:

Transaction Approvals (IL187)

This screen allows for approvals to be applied. From this screen, you will be able to view and/or update the account, source (Investment, Loan, Line of Credit or Portfolio) or TaxID (for the Constituent) record. You can also view the transaction detail screen on each transaction.

Security

Two security settings are applied to IL187. ILAPPR for general transaction approval and ILAPPRSU for super-user level transaction approval. The difference between the two settings is that ILAPPR does NOT allow the user to approve their own transactions, as well as they cannot unapproved transactions approved by someone else

Notes

• This was implemented in the August 2015 Delta (R44894)