I have used a similar process with several companies and it varies based on who needs to approve various aspects of the email: Design - who makes sure font, images, etc are all correct? That it is mobile friendly, works across various browsers, etc? Proofing - who signs off on grammar, spelling, links working correctly, tracking links, etc? Audience - who is responsible for deciding who is included and excluded? Who verifies that the technical set up for the email includes and excludes the correct people? Based on the answer for the above questions, I make an approval template for each person/dept that walks through exactly what they need to check. I usually do this as a google spreadsheet so they can physically initial/check off each item as they verify it. For the person setting it up, they should have a pre-flight checklist that includes sending tests to each of the reviewers you named above, then checking off approval from each person/dept. Send any info needed to other departments involved (e.g. sales, customer success). Once they have sign off from everyone needed, THEN approve and schedule. I hope that helps!
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