Investment approval made easy and auditable!
eye-share AFE (Authorization for Expenditure) is a module for authorization of AFE’s, developed for companies who has large investments and need a way to approve these in a quality assured way.
The process of getting AFE’s approved can be time consuming and cumbersome – especially since the approvers are busy people often traveling and potentially located in different countries. Furthermore, there are often several people involved in the process, which needs to see each other comments when they process the AFE. Approvers are also often pressed on time, which increases the risk of taking a decision without having the full picture.
eye-share AFE provides a simple and good overview of all documentation related to each AFE, which allows for increased effiency and control. The system allows you to work with your AFE’s through an effective workflow with all comments from co-workers available. Furthermore, eye-share AFE records all information from the workflow and builds a searchable archive where all data is available for audit.
In large organizations, strictly limiting purchase amounts to authorized employees is key to prevent fraud and abuse, and this process will help you define proper authorization levels to employees.