Authority Matrix Excel Template
Originally published: 08/03/2021 08:49
Publication number: ELQ-52277-1
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Authority Matrix Excel Template

Authorities and Responsibilities Matrices are considered important to organizations

Description
Authorities and Responsibilities Matrices are considered important to organizations due to their role in identifying and documenting decisions that are usually taken on the organizational level, in addition to specifying positions participating in the decision-making process and highlighting their respective roles. This supports the concepts of accountability as means for providing the necessary empowerment for employees and inducing flexibility into the work environment


The Authority Matrix has 14 main categories:
1. Legal & Strategic (5 decision activities)
2. Organizational Structure (4 decision activities)
3. Risk Management (5 decision activities)
4. Financial Planning (5 decision activities)
5. Banks Accounts (4 decision activities)
6. Fixed Assets (4 decision activities)
7. Sales (9 decision activities)
8. Receivables & Collections (8 decision activities)
9. Marketing (3 decision activities)
10. Inventory & Procurement (7 decision activities)
11. HR & Personnel (17 decision activities)
12. IT & Security (3 decision activities)
13. Emergency Changes (2 decision activities)
14. Other (2 decision activities)

The Advantages of Matrix
• Save time & money - creating an Authority Matrix is time consuming and expensive
• Delegation and empowerment
• Improve decision making
• Increased communication efficiency
• Improved employee motivation
• Maximizes resource usage
• Increased employee professional development

Conclusion and customization
This is a highly versatile, very sophisticated financial model template, and is also user-friendly.
If you have any inquiries, modification request or other requests of assistance to customize the model template for your business case please contact us here: https://www.eloquens.com/channel/ecorporatefinance

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  • Tuan Nguyen563(last updated: 06/07/2021 04:58)

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