Authorizing Funds Release is an additional control that ensures approved bills receive proper authorization to move funds. After bills are approved and scheduled for payment, funds need to be authorized for release.
How to Authorize Funds Release
- Navigate to the Bill Pay page
- Go to the "Payments" tab
- Use the checkboxes to select one or more scheduled bills
- Select the "Authorize" button to authorize the release of funds
If you authorize multiple bills with the same payment date, Float will group them into a daily payment batch per currency.
Who can Authorize Funds Release?
Only the Primary Administrator and Administrators can authorize funds to be released for bill payments.
When is Authorization Required?
Authorization is required:
- After a bill has been approved
- After a payment date has been set
Bills in the "Payments" tab will remain pending until they are authorized.
What happens if Authorization is not given before the scheduled payment date?
If no one authorizes the bill before the scheduled payment date, the payment will be delayed and will not be processed until authorization has been given.