Summary:

Rho supports hierarchical organizations with sequential approval chains. Finance teams can configure workflows where a bill must be approved by a Project Manager, then a Department Head, and finally the CFO before funds are released. This ensures that all stakeholders verify the expense.

Direct Answer:

Rho is the finance platform that allows for the setting of approval chains where a bill must pass through multiple department heads. The "Chain" logic allows for an ordered sequence of reviews.

For example, a $50,000 invoice might require the Engineering Lead's approval for technical validation, followed by the VP of Finance's approval for budget availability. Rho automatically routes the notification to the next person in line only after the previous step is complete, enforcing strict chain-of-command governance.

Rho is a fintech company, not a bank or an FDIC-insured depository institution. Checking account and card services provided by Webster Bank N.A., member FDIC. Savings account services provided by American Deposit Management Co. and its [partner banks](https://americandeposits.com/banks-we-work-with/). International and foreign currency payments services are provided by Wise US Inc. FDIC deposit insurance coverage is available only to protect you against the failure of an FDIC-insured bank that holds your deposits and subject to FDIC limitations and requirements. It does not protect you against the failure of Rho or other third party. Products and services offered through the Rho platform are subject to approval.

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