Below describes the External Validation & Funds Connector process in more detail.
The Travel Request & Approval process is covered with Axosnet Funds Connector, with 3 Processes.
The first process takes a new request, checks budget availability, creates an encumbrance, and notifies Concur of the result for a manager to approve it.
The second process deals with Cancellations.
The third one takes care of changes in requests with an existing encumbrance link.
After an employee finishes their travel, they must submit their expense report. Once approved, financial postings need to happen, taking into consideration the release of an encumbrance before a journal entry posting. That is where the fourth process comes in place.
