Expense Report Status Value Configurations

Summary

I have a customer in our finance team wondering if we can update the expense report status values on the back end.

Content

Our finance team is wondering if we have the ability to update expense report status values within the module. I am assuming these lookup values are not configurable and just wanted to see if anyone could confirm that for me?

The office use case is within the approval workflow. The status "Pending Managerial Approval" shows up for our cost center managers and school bookkeepers and the finance team is having trouble distinguishing where the approvals are from the application UI. I can use BI reporting to present this information, but they want it in the application so they don't have to run a report.