Pre-requisites:
The approver / objectives have been selected as outlined in the KPI Approvals - Initial Setup article.
Flowchart for KPI Approvals:
Step by Step for KPI Approvals:
1) Objective Owner / Deputy updates the Actual Results for a period.
When the user logs in to Untap they will see a prompt if they have an Objectives to be updated.
Clicking on the box will allow you to enter the actual result achieved for the KPI target for the latest period.
The Status in Untap will now show as Pending Approval 
In the Company > Objectives > Objective Details view, the Timeline section will keep a record of the result value changes.
Click on Show Change Log for a pop up of the details:
2) Approver / Deputy will receive a summary email (on Monday) to let them know they have values to review
The Approver will be the Investment Director / Deputy listed on the Investment Status > Overview tab
It is possible to have a different person as the Approver.
This can be checked or updated on the Investment Status > KPIs tab.
Click on the Approval Settings button.
If the pop up window shows the approver column as blank, this is using default setting of Investment Director / Deputy, otherwise a different person will be specified.
3) Approver reviews KPI results
The approver logs in to Untap.
On the home page (My Space > Overview)
Click on the KPIs pending approval card
4a) Approver approves KPI results.
The Approver uses the checkboxes on the left hand side to select one or more Objectives from the list for the Approve button to become available.
The Status shown in Untap will change from Pending 
to Approved 
.
In the Company > Objectives > Objective Details view, the Timeline section will keep a record of the approval changes.
Click on Show Change Log to see the full history.
4b) Approver rejects KPI results.
Use the checkboxes on the left hand side to select one or more Objectives from the list for the Reject button to become available.
A pop up box will ask for a comment to be added:
The Status shown in Untap will change from Pending to Rejected 
In the Company > Objectives > Objective Details view, the Timeline section will keep a record of the rejection comment. 
4c) Objective Owner receives an email to let them know the result values for an objective have been rejected.
This prompts the user to check the results and go to Untap to resubmit updated values, which will update the timeline record and start the approval process again.
5) Whenever a new KPI result is approved for an Objective used in the Valuation Formula, Untap will recalculate using the new values.
To check the Valuation Formula:
Go to Portfolio > Portfolio Summary
Double click on a Company Name
Click on the Investment tab.
The Valuation Formula calculates the Current EV (Enterprise Value) seen on the Portfolio Summary page.
The Current EV is also seen in the Investment Thesis section of the Investment Status > Overview tab.
The Current EV is used to calculate the Result Status % (shown in the circle icon on both the Portfolio Summary and Investment Status > Overview tab)
and the Current Equity Value (shown on the Investment Status > Investment tab)
If an approved result value needs to be modified, this is done via a Change Request.