Large-scale infrastructure projects, renewable energy initiatives, and other capital-intensive projects are funded after evaluating factors such as risks, financial viability, and alignment with the organization’s strategic goals by the approvers. This process of project financing approvals should be done carefully to avoid financial discrepancies.   

Manually approval process can be cumbersome due to its extensive documentation, multiple layers of review, and approval, and potential delays. Inefficiency in project financing approvals can lead to financial discrepancies, funding delays, increased project costs affecting organizational objectives. 

Automated project financing approvals significantly enhance efficiency, and reduce processing time ensuring that funds and resources are allocated on time. The automated workflows streamlines the entire approval process ensuring that the funding requests are thoroughly reviewed. In addition, automated workflows are customizable to cater to the needs of different financial scenarios ensuring transparency and accountability.