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If your AFE is denied, don't lose heart. You can re-evaluate your proposal and address any concerns raised to improve your chances next time.
Yes, you can modify it, but it’s usually best to discuss changes with the approvers, to keep everyone on the same page.
Approval time can vary, but usually, it shouldn’t take too long - just a matter of days, unless it’s a big-ticket item.
You'll need to include details like the project description, estimated costs, and reasons for the expenditure - the more info, the better!
Typically, AFEs are approved by management or finance teams who need to give their thumbs-up before any spending occurs.
You need an AFE to ensure that funding is allocated properly, so you’re not left high and dry when it comes to expenses.
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