What is 'approval limit' in SAP SRM-EBP-WFL - Workflow?

approval limit - Overview

• Component: SRM-EBP-WFL

• Component Name: Workflow

• Description: The value up to which a manager is authorized to approve shopping carts.

approval limit - Details

• 
  Key Concepts: 
  Approval limit is a feature of the SRM-EBP-WFL Workflow component of SAP. It allows users to set a limit on the amount of money that can be approved for a particular transaction without requiring additional approval from higher-level personnel. This helps to ensure that only authorized transactions are approved and that financial resources are managed responsibly. 
  
  How to use it: 
  Approval limits can be set up in the SRM-EBP-WFL Workflow component of SAP. To do this, users must first define the approval limit for each transaction type. This can be done by setting a maximum amount for each transaction type, or by setting a range of amounts that require different levels of approval. Once the limits have been set, users can then assign the appropriate approval limit to each transaction type. 
  
  Tips & Tricks: 
  When setting up approval limits, it is important to consider the different types of transactions that may occur in an organization. For example, if an organization has multiple departments, it may be necessary to set different approval limits for each department. Additionally, it is important to ensure that the approval limits are set at an appropriate level so that they do not impede the efficient functioning of the organization. 
  
  Related Information: 
  For more information on setting up and using approval limits in SAP, please refer to the official SAP