BFC
Advances - Fact Sheet
In most organizations when employees have advances to apply for they pull
out a paper form, fill in the appropriate information,
attach supporting documentation, and then
forward the request to their supervisor for approval. The
supervisor reviews the request, signs it, and then passes it on until the request has been fully approved
at which time it is sent to AP. AP reviews the request for policy compliance, keys
the information into the AP system, and the employee is paid the advance.
This process can be cumbersome for a number of reasons. Approvals
can be very slow; especially when there is more than one location involved. This is frustrating for the employee
as the advance is often required for an upcoming trip. When the request
finally arrives at AP, staff can have trouble keying the
request into the system because coding on the request may be unclear -
not to mention the fact that its a lot of work for AP to key in
every advance.
BFC Advances can help!
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