Setting up security
Setting up security and managing approval workflows is an important part of handling payment journals in Continia Banking. The process involves creating, configuring, and maintaining approval workflows, ensuring proper verification, and complying with regulations.
Workflows
To get started, create and set up approval workflows for a payment journal and define the approval steps required for payments, tailored to your organization’s needs.
Once workflows are in place, you may need to edit or update existing approval workflows to reflect changes in processes or responsibilities.
Approval requests
After setting up workflows, users can request approvals and manage these requests. This article explains how to submit payment approval requests, monitor their status, and ensure they are processed correctly.
In some scenarios, approval responsibilities may need to be shared among multiple users. Guidance on this is provided in setting up approval sharing, explaining how to distribute approval tasks effectively.
Bank account verification
Security also involves verifying bank accounts. To add this layer of protection, see enabling bank account verification, which guides you through confirming account details before payments are processed.
AML compliance
For organizations that must comply with regulatory standards, it is essential to align workflows with AML requirements. The ensuring AML compliance in Continia Banking article outlines the steps to ensure that your payment approval workflows meet these obligations.