Invoices must be reviewed and approved for payment by the appropriate Business Unit Manager to validate the expense/invoice. The Business Unit Manager is designated as the account owner for the vendor who issued the invoice. If the invoice amount exceeds the Authorization Limit for the Business Unit Manager, a secondary approver will be required. The required management level of that secondary approval will be based upon the amount of the transaction, as indicated in the table below. Payment Authorization Policy
|
Business Unit Manager |
Authorization Limit |
| Associate (L4 or below) | ≤ $1 |
|
Manager (L5) |
≤ $100,000 |
|
Senior Manager / Associate Director (L6/L7) |
≤ $300,000 |
|
Director / Senior Director (L8/L9) |
≤ $500,000 |
|
Vice President / Deputy Controller (L10) |
≤ $1,000,000 |
| SVP / EVP (L11) | ≤ $2,000,000 |
|
Chief Accounting Officer / Chief Financial Officer |
> $2,000,000 |
Note: There are teams across the organization that have department-specific levels. Refer to the table below on how the department-specific levels align with the general levels. These levels should be used with the above authorization limit table. Additionally, contractors should not be the final approval of payments.
| Mgmt Lvl |
HUB |
Eng |
Data |
Product |
Design |
Clinical - Physician |
Clinical - Clinician |
Sales |
|
L5 |
H4 (1-2) |
E3 |
D4 |
P2 |
X2 |
- |
CC5 |
S4 |
|
L6/L7 |
H4-3/H5-1 |
E4 |
D5/D6 |
P3/P4 |
X3/X4 |
CP1/CP2 |
CC6/CC7 |
S5/S6 |
|
L8/L9 |
H5 (2-3) |
E5/E6 |
D7 |
P5/P6 |
X5/X6 |
CP3/CP4 |
CC8/CC9 |
S7/S8 |
|
L10 |
H6 |
E7 |
D9 |
P7 |
- |
CP5 |
CC10 |
S9 |
Approval Thresholds by Level per Payment Policy
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