Manage Payment Approval Rules
Application component: Bank Account Management
App type: Transactional
Line of business: Finance
Leading industry: Cross Industry
Solution capability: Cash and Liquidity Management (S/4 CLD)
Description:  With this app, you can create, change, display, and delete payment approval rules. Using the payment approval rule, you define how authorized representatives are allowed to approve payments. This is achieved by defining payment approval rules as an approval pattern for approver groups. In detail, you define in the payment approval rule how many people (1 or 2) from which approver groups can approve which payment amount. After you have defined payment approval rules, you can assign a payment approval rule to your powers of attorney in the Manage Powers of Attorney for Banking Transactions app and assign an approver group to each authorized representative there. Note You can only define the payment approval rules and assign them to your powers of attorney to document them in the system. However, the payment approval rules are not checked during the payment processes in the system.  
With this app, you can manage the payment approval rules.
Key features:  This app provides the following key features:  Create and process payment approval rules.    Display lists of payment approval rules The app provides you with an overview of all payment approval rules. You can use the search criteria to restrict the list to certain payment approval rules.   From this list, you can open a payment approval rule to display or process it.   From the list, you can choose the Create button to create a new payment approval rule.   From the list, you can select a payment approval rule with the status Create and delete the payment approval rule.     Statuses and status transitions of payment approval rules    A payment approval rule always has a status. The status is set by the system according to the actions executed by the user. You cannot set the status manually. The possible statuses of a payment approval rule are:  Status of Payment Approval Rule Explanation    Created The payment approval rule has been created.You can perform the following functions on payment approval rules with this status:  Display the payment approval rule   You can edit the payment approval rule and make any necessary changes.   You can delete the payment approval rule.   Once you have finished entering data for the payment approval rule, you can submit the payment approval rule for approval.     In Approval The data has been entered and submitted to another user for approval.You can perform the following functions on payment approval rules with this status:  Display the payment approval rule.   You can withdraw a payment approval rule after it has been submitted for approval. You use this function if you have accidentally submitted the payment approval rule for approval, but you still need to make changes to the payment approval rule. After you withdraw the payment approval rule from approval, the payment approval rule has the status Created again.   The approver can check the data and then either approve or reject the payment approval rule, whereby the approver must be a different user to the user who has submitted the payment approval rule for approval. This ensures that the principle of dual control is fulfilled.     Active Approved payment approval rules get the status Active.You can perform the following functions on payment approval rules with this status:  Display the payment approval rule   You can assign the payment approval rule to a power of attorney in the Manage Powers of Attorney for Banking Transactions app.   You can revoke an active payment approval rule. When you revoke the payment approval rule, it gets the status Revoked.     Revoked    Revoked payment approval rules cannot be assigned to powers of attorney.   You can delete a revoked power of attorney if the payment approval rule is not assigned to any power of attorney.        
Business roles: Cash Management Specialist| Cash Manager
Cash Management Specialist : 
Executes cash transactions and centrally manages bank accounts with a wide range of attributes, including overdraft limit and signatories, utilizing approval process for opening or closing bank accounts, and the regular inventory/auditing process.

Cash Manager : 
Is responsible for overall liquidity status of group corporate, executes cash transactions and centrally manages bank accounts with rich attributes, including overdraft limit and signatories, approves for opening or closing bank accounts, etc.