Dual Approval System
CargoWise’s Dual Approval System is a financial management mechanism that increases security and responsibility. It ensures that essential transactions, such as payments, refunds, or credit adjustments, are verified by two authorized users before execution. This dual-layer check prohibits illegal activity and reduces the possibility of financial error or fraud. This technology is particularly effective for logistics organizations that handle valuable or sensitive financial data. It promotes operational openness.
CargoWise enables companies to determine which transactions require additional approval, and CargoWise enables companies to determine which transactions require additional approval and assign certain duties to approvers. The system records all approved actions, resulting in an easily accessible audit trail for compliance and evaluation. This functionality is consistent with best practices in governance of companies, internal auditing, and regulatory compliance. Companies that use dual authorization can ensure that financial decisions are thoroughly examined, reducing errors and building trust between clients, partners, and auditors alike.
