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In-House Tip: Establish Clear Approval Workflows
• 02 Sep 25
"A clear approval process isn’t bureaucracy–it’s the backbone of risk management and efficiency." – Matthew Glynn (Managing Director, GLS Group)
Introduction
Does everyone know who needs to approve what, and when, in your contracting process? Or does your approval process reflect significant internal bottlenecks?
Here’s why clear approval workflows are vital:
◼️Faster Approvals: Defined steps reduce delays and confusion.
◼️Risk Mitigation: Ensures appropriate stakeholders review and approve contracts.
◼️Accountability: Tracks who approved what, ensuring transparency and responsibility.
◼️Consistency: Uniform approval processes prevent unauthorized changes and deviations.
◼️Business Clarity: Non-legal teams know exactly how to get contracts approved.
◼️Audit Trails: Clear records of approvals simplify audits and investigations.
◼️Reduced Bottlenecks: Identify and eliminate unnecessary approval steps.
◼️Policy Compliance: Ensures all contracts adhere to company policies and standards.
◼️Scalability: As the company grows, clear workflows ensure continued efficiency.
◼️Improved Collaboration: Legal, finance, procurement, and business units stay aligned.
If you want a seamless contracting process–establish clear approval workflows.
Conclusion
Remember: The best in-house teams ensure every contract follows the right path, every time.
