Invoice Approval Workflow is the set of processes used to approve and record payments for products or services purchased by an organization. To implement an efficient Invoice Approval Workflow, it is important to have clear procedures for each step. This includes specifying who is responsible for authorizing payments, setting deadlines for approval, ensuring proper documentation and ensuring that invoices are reviewed thoroughly before payment is made. Adopting a systemized Invoice Approval Workflow can help ensure that payments are properly recorded, remain within budget and provide up-to-date information on accounts payable activities.