Defining Multi-Step Approvals

If your organizations requires multiple team members to sign off on subscriptions, you can set up a multi-step approval process on a per-fund basis.

Multi-step approvals break subscription approval in the following stages:

• Initial Review

• Detailed Review

• Final Review

The Detailed Review includes approval steps for multiple teams, such as Legal and Tax. The teams included in the Detailed Review are customizable by fund.

Example

Fund A needs to receive approvals from the following teams:

• KYC (Know Your Client)

• Tax

• Legal

• Security

To ensure that each department completes their review before the subscription is accepted, you would add a Security team to the default workflow:

Next, you would assign the appropriate Approve permissions to the members of each team. Permissions for a member of the Tax approval team might look like this.

A user involved with both the Legal review and the Final review might have these permissions:

A finalized approval process might look like this:

Steps

This process requires the following steps:

1. Enable multi-step approval for the fund.

2. Add/Remove team labels.

3. Set approval permissions for a user.

4. Repeat steps 2 and 3 for each user to be included in the approval process.