What is approval level in SAP IM - Investment Management?

SAP Term: approval level

• Component: IM

• Component Name: Investment Management

• Description: The approval levels represent stages in the process of approving plan values for a capital investment program. You can assign an approval level to a plan version, after which the plan values for the plan version can only be processed by users with authorization for this approval level. The approval level of a plan version can be increased in steps. Approval levels can be defined in the SAP System.

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• Key Concepts: 
  Approval level is a feature of SAP Investment Management (IM) that allows users to define the approval process for investments. It defines the number of levels of approval required for an investment and the roles of each approver. It also allows users to set up different approval processes for different types of investments. 
  
  How to use it: 
  To use the approval level feature, users must first define the roles of each approver in the approval process. This can be done by assigning a role to each approver in the system. Once this is done, users can then define the number of levels of approval required for an investment. This can be done by setting up different approval processes for different types of investments. 
  
  Tips & Tricks: 
  When setting up an approval process, it is important to consider the complexity of the investment and the number of approvers required. It is also important to ensure that all approvers are aware of their roles and responsibilities in the approval process. 
  
  Related Information: 
  For more information on setting up an approval process in SAP Investment Management, please refer to the SAP Help documentation.