ApproveThis manages your mallabe Currencies Integration approvals.

When Approvals Meet Exchange Rates

Let's get real - nothing kills momentum faster than waiting for someone to approve currency conversions while exchange rates fluctuate. Finance teams in mid-sized companies waste hours chasing down signatures, reconciling outdated rates, and explaining why that €50K wire transfer now costs $3K more than planned.

ApproveThis and mallabe Currencies fix this through Zapier. We're talking automated approval workflows that trigger real-time currency conversions, enforced compliance checks before money moves, and audit trails that even your grumpiest auditor will love. No more spreadsheets with 17 approval columns. No more "Who approved this?" slack threads.

Why This Combo Works

ApproveThis handles the human part - routing decisions, escalations, documentation. mallabe does the math - live rates, bulk conversions, scheduled exchanges. Together through Zapier, they create closed-loop processes where:

• Approvals trigger currency actions
• Currency events require approvals

Example: Your procurement team approves a €100K supplier payment. Zapier automatically converts funds at today's rate through mallabe, locks the rate, and records the exact approval chain. When EUR/USD spikes tomorrow? Doesn't matter - your rate's already secured.

Real Uses for Real Companies

1. Manufacturing: Supplier Payments Without the Guesswork

Mid-sized manufacturers buying components from Germany and Mexico can't afford rate surprises. Typical scenario:

AP team submits payment request → Controller approves → Treasury converts currency → Payment sent

Problem: By the time treasury gets the approved request, rates changed. Somebody eats the difference.

Fix: Build a Zap where ApproveThis triggers mallabe conversions the second controllers approve. Rates get locked during approval - no lag time. Bonus: ApproveThis' calculated fields can auto-flag payments needing extra approvals if conversion amounts exceed thresholds.

2. SaaS Companies: Multi-Currency Subscriptions Made Simple

Growing SaaS platforms with global customers often see:

New EUR customer signs up → Sales approves custom contract → Finance manually converts MRR to USD → CFO reviews

Missed opportunity: Delayed conversions create revenue reporting headaches.

Solution: When sales approves a Euro-based contract in ApproveThis, mallabe instantly converts the MRR to USD using that day's rate. Finance gets pre-converted amounts in their ERP, CFO sees clean reports. Forrester called - they want their efficiency study back.

3. Agencies: Client Budget Approvals That Actually Stick

Digital agencies running global campaigns waste cycles on:

Client approves $50K budget → Agency converts to local currencies → Client says "Wait, that's more now!" → Repeat

Fix: Send clients ApproveThis links showing exact conversions via mallabe at approval time. They approve the USD and EUR/GBP/JPY amounts simultaneously. No take-backsies when rates shift.

Setting This Up Without Losing Your Mind

Zapier does the heavy lifting. Basic flow:

1. Connect Zapier to both apps (15 minutes)
2. Pick your trigger:
   - mallabe event (e.g., currency converted)
   - ApproveThis event (e.g., request approved)
3. Add filters if needed (e.g., "Only if amount > $10K")
4. Map key data fields between apps
5. Test with small amounts first

Pro tip: Use ApproveThis' calculated fields to auto-compute conversion thresholds. Example: If mallabe reports a 2% rate shift, require VP approval automatically.

Features You'll Actually Use

For Finance Teams

Approval Thresholds: Auto-approve small conversions, escalate big ones. Combine with mallabe's scheduled rates to handle recurring payments.

Email Approvals: Let approvers OK conversions directly from Gmail/Microsoft 365. No new logins.

For Operations

Vacation Delegation: CFO out? Approvals automatically reroute to their deputy without breaking SLAs.

Real-Time Tracking: See every conversion request's status - pending, approved, stuck in legal.

For External Partners

Clients/vendors can approve conversion requests via email without needing mallabe logins. Their approval is recorded in ApproveThis with timestamps and comments.

Common Objections (And Why They're Wrong)

"We already do this with spreadsheets."

Cool. How many hours last month did your team spend copying rates, emailing for approvals, and fixing version conflicts? Exactly.

"Our ERP handles approvals."

Great! Now connect it to ApproveThis via Zapier for better routing, reminders, and mobile approvals. Your CFO wants this.

Bottom Line

If your company moves money across borders, manually approving conversions is like using a sundial to time rocket launches. ApproveThis + mallabe via Zapier gives:

• Faster closes (no more waiting on approvals)
• Tighter margins (rate locks at approval time)
• Fewer audit findings (full paper trail)

Set up takes an afternoon. ROI hits by next quarter. Your team stops being rate cops and starts being strategists.

Do Something That Matters

Spend less time chasing approvals and more time growing your business. Get started with ApproveThis, connect mallabe Currencies via Zapier, and actually enjoy compliance for once.

Or keep doing manual conversions. Your competitors hope you pick option two.