What does 'Approval Process Control' mean?

An approval process is a mechanism through which a company approves documents, invoices, budgets, and purchase orders, as well as a new procedure that the company intends to implement. Implementing an approval process can help a business standardize its internal operations while also saving time by establishing a trustworthy, repeatable method. Approval processes are a form of workflow that you may construct to ensure that work gets authorized in the same way every time. A workflow is any sequence of work from start to finish. Defining the procedures, you'll use to approve work might be as simple as creating an approval process. You can construct a manual approval process in which staff follow specific procedures and keep a manual record of their progress, or you can choose no record at all.