Advantage Systems has announced the launch of a mobile app to support its ApprovalSoft workflow and approval management solution, which enables lenders to approve accounting transactions faster and more efficiently. The ApprovalSoft mobile app enables users to take a picture of financial documents, such as receipts, using the camera from a smartphone or tablet and eliminates the time and stress of having to do expense reports. It allows companies to speed up the processing of accounting transactions and improve internal controls by making it easier to record and review approvals for each financial transaction. The technology maintains a history of approved transactions for audit purposes and ensures that only approved transactions are entered into the accounting system.
“Our ApprovalSoft application further streamlines lenders’ internal approval processes and saves valuable time that can be dedicated towards the origination of new loans,” said Brian Lynch, president of Advantage Systems.