3 min read
Speed Up Your Procurement Cycle with Approval SLA
Bring transparency, accountability, and speed to every approval stage. Set up an Approval SLA in Precoro to keep your procurement cycle running like clockwork, with clear visibility into deadlines and overdue tasks.
Procurement bottlenecks often start with approval delays: small gaps that snowball into major operational inefficiencies. Every stalled purchase is usually more than just a late order; it's a missed opportunity to save money, a strain on supplier relationships, and a drain on your team's productivity.
Precoro makes it easier to stay in control with Approval SLA—a practical way to set and monitor approval timelines so your processes run faster and decisions stay on track.
Keep reading to discover how Approval SLA helps you spot delays, stay on schedule, and keep workflows moving.
What is Approval SLA?
In a nutshell, the Approval Service Level Agreement adds a layer of structure and predictability to your approval processes. Think of it as a deadline engine built on top of your existing workflows.
You can define how long each approver has to make a decision, and once a document is submitted, everyone clearly sees when the approval is due. Deadlines appear next to each approver’s name, and overdue ones are automatically highlighted, so it’s easy to spot where things are slowing down.
Approvers receive timely reminders through email, mobile, or Slack, so no documents get lost or overlooked. And because everything happens within the same centralized Precoro platform, you maintain full visibility into the status of every request, without jumping between tools or chasing updates.
More than a timer: A workflow that drives efficiency
While it starts with deadlines, the Approval SLA quickly proves to be much more. It helps you see where approvals get held up, keeps people accountable, and gives you a clear picture of your workflow so nothing falls through the cracks.
Let’s take a closer look at what that means in action:
Make approvals clear for everyone involved
Set clear time limits for each approver (in hours or days) when building your workflow. Once a document is submitted, everyone instantly sees what’s next and when a decision is due. Approvers know exactly when to act, and requesters can plan ahead without chasing updates or guessing what’s holding things up.
Empower approvers to act, not to remember
Approvers don’t have to rely on memory or email chains. Instead, they receive timely notifications right where they already work: via email, Slack, or mobile. From there, they can approve, reject, or comment in one click, so requests don’t get lost or forgotten.
See slowdowns before they cost you
As a CFO or department head, you get real-time visibility into how approvals move through the organization. Use filters like “Approval Overdue” to see where documents are stuck and who’s holding them up. With built-in performance metrics and quick summaries from the AI Assistant, you can identify the root cause and take action before delays impact budgets or project timelines.
Strengthen accountability and compliance
With every deadline, comment, and escalation automatically recorded in the centralized Precoro platform, Approval SLA creates a built-in audit trail. You always know who acted, when, and what caused a delay, so compliance checks are easier and accountability effortless.
How to get started
Approval SLA is built right into your Precoro workflows, so setup is quick and effortless.
For detailed instructions, check out our Knowledge Base article. Or follow these simple steps to configure the Approval SLA right away:
- Open the Approval Workflow you want to configure in your Precoro account.
- Click Edit next to the step you want to set a deadline for.
- In the Time to Approve field, specify how many hours or days an approver has to make a decision, then confirm your changes.
- Repeat these steps for all other approval workflows and steps where you want to enforce deadlines.
All set! Your approvals will now run on schedule, with every step fully tracked.
What’s next
The Approval Service Level Agreement puts an end to delays in your procurement process. Every step is now tracked, deadlines are clear, and you can keep your procurement cycle on schedule and under control.
But we’re not stopping here. Precoro continues to build new features to make procurement centralization and automation faster, simpler, and more reliable. Explore our open product roadmap to track upcoming updates, submit requests, and see how we continue streamlining processes for teams like yours.
Just getting started with Precoro? Book a demo today to see how Precoro brings every purchase under control, giving you full visibility, faster approvals, and measurable cost savings.
