Sunday, April 22, 2012

Signing limits in AX 2012

Efficient management of expenditures is the key to financial risk management for an organization. Organizations can now strengthen their internal controls on expenses using signing limits feature of Microsoft Dynamics AX 2012. Signing limits is an integral part of expenditure management where organizations can assign certain limits to their workers to spend a maximum amount on a purchase or gives authority to specific employees to authorize a certain amount of purchase initiated by their sub ordinates. Signing limits are based on either employee's job or compensation level. An organization can assign the signing limits automatically to an employee when taking on board or the employee can raise the request to assign signing limits through employee self service portal.

Out of the box, two types of signing limits are provided by AX, spending limit and approval limit. Spending limits are invoked at the time of purchase while approval limits at the time of approving a business document as part of approval workflow.


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