Configuring and Editing Bill Pay Approval Policies

Bill Pay Approval Policies allow you to define how bills will be routed for approval. With policies in place, bills which are submitted for approval will be routed to one or more approvers according to the configured workflow. Approval steps can be conditional based on the bill amount. If multiple approval policies are configured and available, a policy can be selected at the time the bill is submitted. 

Note: Multiple approval policies are available to customers on Float's Professional and Enterprise plans. The Essentials plan allows one editable Default approval policy. To upgrade to Float Professional, reach out by submitting a request from help.floatcard.com! You can find more information here.

Guide Overview

Default Approval Policy

Creating a Custom Bill Pay Approval Policy

Editing a Bill Approval Policy

Choosing an Approval Policy for a "Draft" Bill

Default Approval Policy

A default approval policy is automatically applied and can be modified. This will be the only available approval policy for customers on the Essentials plan. 

To edit the Default Approval Policy:

1. Navigate to Settings > Approval Policies
2. Bill Approval > Select "Edit" for the Default Approval Policy > Make your changes
3. Save your changes

Creating a Custom Bill Pay Approval Policy

Approval policies live within your account settings. Creating new Approval policies is not available to customers on the Essentials plan. To create a new approval policy:

1. Navigate to Settings > Approval Policies > Bill Approval
2. Click "Add Approval Policy" on the top right corner of the page
3. Name the policy (e.g. Marketing Expense, IT Expenses etc.) - this will be how the policy is identified when choosing an approval policy on a bill. 
4. Adding Approval Levels:
   • The first approval step defaults to bills with amounts from $0 and up. Subsequent steps can be conditionally applied based on the amount of the bill. 
   • To add a step, click “Add Level” and optionally choose the bill amount threshold for this level. 
   • Select one or more approvers to approve at this step
     • Only Individual Approvers can be chosen for the Bill Approval policy (Approval Groups are not currently supported). 
5. Click "Save" on the left side.
6. Your policy is created and is available to choose when getting Bill Approval. 

Editing a Bill Approval Policy

1. Navigate to Settings > Approval Policies > Bill Approval
2. Click "Edit" on the approval policy you want to edit
3. Edit the policy's name and/or description
4. Adding Approval Levels:
   • The first approval step defaults to bills with amounts from $0 and up. Subsequent steps can be conditionally applied based on the amount of the bill 
   • To add a step, click “Add Level” and optionally choose the bill amount threshold for this level. 
   • Select one or more approvers to approve at this step
     • Only Individual Approvers can be chosen for the Bill Approval policy (Approval Groups are not currently supported)
5. Click "Save" to save your changes

The updated approval policy will apply to any new Bill Approval. Bills which were created using this approval policy before the edits will not follow the updated policy. 

Choosing an Approval Policy for a "Draft" Bill

1. Navigate to the Bill Pay page > In the "Draft" view, upload a new bill or choose an existing draft bill
2. Under the "Approval Policy" header, select a policy from the drop-down menu
3. Review the bill details > Select the "Get Approval" button when ready 

Note, customers on the Essentials plan will not have the option to select a different approval policy. Only the default policy can be selected.