Getting started with Transaction Rules¶
Tenet offers sophisticated and dynamic transaction settings designed to provide flexibility and enhanced control over financial operations. This feature allows clients to customise tranaction approvals based on different approval groups, thresholds, and transaction ranges, allowing clients to apply their own internal payment policies in TenetOS. Clients are able to manage multiple approvers and approval chains, offering real-time notifications and detailed audit trails for each transaction.
Manage your transaction Approval Groups.
Transaction Approval Groups are a group of users. Any number of transaction Approval Groups can be created. A user may be part of one or more transaction Approval Groups.
Approval required from Administration Rules1.
Who is eligible to be members of transaction Approval Groups?
In order to be eligible to be a member of a transaction Approval Group, the user must have Transaction permissions set to Authorised Signatory. Learn more about User permissions in TenetOS.
Create your Transaction Rules with Approval Groups, approval thresholds, and transaction ranges.
Once you have your Approval Groups, you will then create your Transaction Rules. You will:
- select the Approval Group
- set the threshold number that is required from that Approval Group
- select the applicable transaction ranges
The threshold number must be less than or equal to the number of members in that Approval Group.
You may combine Approval Groups using logical operators [AND] and [OR]. This allows you to create dynamic and custom Transaction Rules for your bank accounts.
You will apply these Transaction Rules to one or more of your bank accounts. You have to ability to create distinct Transaction Rules for each of your bank accounts.
Approval required from Administration Rules1.
Learn how to create your Transaction Rules.
1. Sign in to TenetOS with your "Username" and "Password". Click [SIGN IN].
2. Go to "Administration" and then "Transaction Rules".
3. Click [ADD GROUP].
4. Enter the name of the group and select the members. Click [SAVE]
You may also add a more detailed description of the Approval Group.
Approval required from Administration Rules1.
Need more Approval Groups? Repeat steps 3 and 4.
5. Click on [APPROVAL RULES].
6. Click [ADD RULES].
7. Select one or more bank accounts that will use these Transaction Rules.
8. Create your transaction ranges.
Enter an upper limit on the first range, then click [ADD RANGE]. Repeat until you have defined your transaction ranges.
9. Create your first transaction approval condition and apply to applicable transaction ranges.
Select an Approval Group, and then select the threshold number. Select the ranges to apply this transaction approval condition.
Click [ADD AND] or [ADD OR] to add approval conditions. Select another Approval Group and select the threshold number.
10. After setting your approval conditions and selecting the applicable transaction ranges, click [SAVE].
Approval required from Administration Rules1.
11. Once the Transaction Rule is approved, you can see under Transaction Rules in Approval Rules.
These Transaction Rules will be applied for all transactions from the selected bank accounts.
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This action requires an approval from your Administration Rules. Learn more about Administration Rules. ↩↩↩↩