ApproveThis manages your Finpace Integration approvals.

Two Platforms, One Competitive Edge

Financial teams face a constant balancing act: moving quickly without sacrificing compliance. ApproveThis and Finpace tackle different sides of this challenge. Finpace excels at managing client data, e-signatures, and financial workflows, while ApproveThis specializes in structured approval processes. Together, they create closed-loop automation where client-facing actions in Finpace automatically trigger internal approvals – and vice versa.

Consider a wealth management firm onboarding high-net-worth clients. Finpace handles the paperwork and compliance checks, but getting internal sign-offs from compliance officers and senior advisors often creates bottlenecks. With ApproveThis integrated via Zapier, every completed client profile in Finpace can route approval requests to the right stakeholders based on account size or investment type. Approvers receive email notifications with one-click decisions, while the operations team tracks everything in ApproveThis’ dashboard.

Where Finpace Ends, ApproveThis Begins

Finpace’s strength lies in client-facing automation – collecting data through forms, managing electronic signatures, and maintaining audit trails. ApproveThis adds three critical layers to this foundation:

Decision Intelligence

While Finpace tracks what was submitted, ApproveThis determines who needs to review it and under what conditions. Approval thresholds automatically escalate large transactions, while calculated fields can flag submissions that require extra scrutiny based on custom business rules.

Cross-Team Coordination

Financial advisors using Finpace rarely work in isolation. ApproveThis’ role-based workflows ensure compliance teams, department heads, and external partners (like CPAs) review materials in the correct sequence – without requiring them to log into Finpace directly.

Process Transparency

Finpace users see submission statuses; ApproveThis shows why a decision is delayed. Real-time dashboards reveal if a request is stuck in legal review, awaiting budget confirmation, or impacted by an approver’s vacation.

Real-World Workflows for Financial Teams

These aren’t hypothetical benefits. Let’s examine how specific Zapier-powered integrations solve actual operational challenges:

Client Onboarding Without the Chase

When a new client form is completed in Finpace, Zapier triggers ApproveThis to:

• Route KYC documents to compliance officers
• Assign portfolio review to the appropriate investment team
• Notify the client’s dedicated advisor when all approvals are secured

A regional bank using this integration reduced onboarding time from 14 days to 72 hours by eliminating manual follow-ups between departments.

Expense Approvals That Respect the Chain of Command

Most financial firms handle expense approvals in clunky spreadsheets or email threads. By connecting Finpace’s form submissions to ApproveThis:

• Expenses over $5K auto-route to department directors
• International transactions flag for currency compliance checks
• Approved expenses sync back to Finpace for audit trails

A fintech startup using this workflow cut expense report processing costs by 40% in Q1 2024.

Setting Up Your Integration

Configuring the Zapier connection takes under 15 minutes:

Step 1: Map Your Triggers

In Zapier, select Finpace as your trigger app. Choose either “Form Completed” or “New Client” events based on which process you’re automating. Test with a recent form submission to ensure Zapier captures all necessary data fields.

Step 2: Configure Approval Rules

In ApproveThis, build a workflow template that matches your Finpace process. For client onboarding, set sequential approvals (compliance first, then senior advisor). For expense reports, use approval thresholds that auto-approve small amounts but require managers for larger sums.

Step 3: Enable Cross-Platform Notifications

Activate ApproveThis’ email approvals so stakeholders can review requests without switching systems. Use calculated fields to pull Finpace data into approval rationale – e.g., “Client’s stated investment goals don’t match selected portfolio per Section 3 of submission.”

Pro Tip: Start with a single high-impact workflow like client onboarding before expanding to other use cases. Most teams see ROI within 30 days.

Department-Specific Benefits

Compliance Teams

Auto-route submissions requiring FINRA reviews, apply consistent decision logic across regions, and maintain immutable audit trails that combine Finpace’s documents with ApproveThis’ decision logs.

Business Development

Accelerate prospect-to-client conversion by eliminating approval delays. Real-time status updates in ApproveThis let advisors proactively communicate timelines to high-value leads.

Finance & Operations

Reconcile approvals with actual spend in Finpace. Use ApproveThis’ reporting to identify bottleneck departments and optimize approval chains.

Why This Integration Beats Manual Processes

Traditional financial approval methods crumble under scale. Email chains get buried, spreadsheet updates conflict, and critical steps get skipped. The ApproveThis-Finpace integration via Zapier solves this through:

Context-Rich Approvals

Approvers receive requests embedded with relevant Finpace data – client risk profiles from Form 15-B, expense details from submitted reports. No more hunting through multiple systems.

Adaptive Workflows

ApproveThis’ conditional logic automatically adjusts approval paths when Finpace submissions change. If a client updates their investment amount mid-review, workflows reroute to appropriate stakeholders.

Compliance Safeguards

Mandatory review steps can’t be bypassed. All decisions timestamped and attributed. Audit reports combine Finpace’s document trail with ApproveThis’ approval history.

Getting Started

Financial teams using Finpace already have the data – they just need to connect it to the right decision-makers. ApproveThis adds that layer of structured governance without slowing things down.

Ready to eliminate approval bottlenecks? Register for ApproveThis and explore our pre-built Zapier templates for Finpace. Or schedule a demo to see how approval automation can cut your processing time by 60% or more.

Final Note: Remember, external approvers (like auditors or client advisors) don’t need ApproveThis licenses – they can review requests via email. This keeps costs predictable while enabling secure cross-organization collaboration.