eye-share AFE
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.
Connected to other document types in eye-share, one can also keep track of accumulated costs related to specific investments, either from invoices, general ledgers or expenses.
Key functions
- Overview of all documentation and costs related to the investment
- Link to project and other documents in eye-share Invoice
- Notifications when total costs are approaching set limits or dates
- Allocation of costs in budget and forecasts
- Straight-forward workflow through defined templates, proxies or to specific users
- Logging of all details associated with the investment document
- Add comments during the process
Simple and good overview
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.
