Spend requests allow users to request new virtual cards, new limits or increase existing limits! A spend request is routed to the preset approvers based on your approval policy. Pending and completed requests can be found on the requests page of your Float account!
Submitting a Spend Request
Once a Spender logs into their account and clicks the "Request Spend" button in the top left corner of the page, a form will appear to create a new request. A spender has two options when filling out a request:
- Existing Float card - this is for requesting or editing a limit on an existing Float card
- New Float card - this is to request a new virtual Float card
*Please note that at this time, a spender cannot request a physical card.
After the Spender has selected to request a new or existing card, they will be asked to provide a description for the request, the type of card limit required, the amount, and the frequency. If they’re requesting a new card, they will also provide the new card details like a name and the currency.
The Spender’s associated Team will determine who their request will be routed to depending on the Approval Policy.
Submit the request for your Manager’s approval!
- Recurring Limit: This should be selected for any recurring spend (such as employee benefits or software subscriptions). Selecting this option will reload funds to a card on your custom recurring interval (daily, weekly, monthly, yearly).
- Temporary Limit: This should be selected for specific, one-time spend (like a work trip). Selecting this option will request a one-time limit with a predefined expiry date. Once the limit expires, the spending power will be removed from the card.
The new request will now be routed immediately to the necessary approvers via Slack or email. Spenders can monitor the progress on the "Requests" page.
If the User or expense does not fall under a specific Team, a Default Approval Policy will be applied. The Default Approval Policy can be configured and edited by heading over to Settings > Approval Policy > Default Approval Policy.
Note: only Admins can edit this.
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