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Microsoft delivered vendor approval workflow with October release.
Please include all fields on Vendors form in this functionality and also let users to configure workflow approval requirements for new vendors as well.

For new vendors workflow, a simple solution might be:
1. Adding a checkbox in AP parameters to set all new vendors to On hold = All.
2. Setting "Current" value in change proposals to All, "Proposed value" to "No"
3. Approval of workflow updates vendor on hold status to "No".
Category: Workflow
STATUS DETAILS
Needs Votes

Comments

F

Request to add additional fields - vendor address, PartyID (as you can change the associated party on a vendor). These fields should go through workflow on New vendors and vendor changes. This is important for internal controls or SOX controls.

Category: Workflow

F

I would also add: need the same workflow process for customer (workflow on customer creation and on all fields on modification).

Category: Workflow

F

Cannot agree more with this requirement. The vendor approval workflow seems to be incomplete without the new vendor approval and some critical fields like address missing from the list.
A simple fraud use case could be
AP user can update the name and address to self or some dummy entity on a legit vendor and a payment can be made out to the vendor account; however, it goes out to the AP user address (or dummy address). With address update approval workflow, this change will be reviewed/approved by employee's manager.

Thanks

Category: Workflow