Are you tired of managing your business finances alone? Do you wish you could delegate tasks while maintaining control and security? If so, then Carbon Business Banking's new Team Banking feature is for you!
What is Team Banking?
Team Banking is a revolutionary new tool that allows you to invite partners, employees, or team members to collaborate on your Carbon Business Banking account. It utilizes a role-based system, granting specific permissions to each team member based on their needs and your comfort level. This fosters efficient financial management while keeping everything secure.
Benefits of Team Banking:
- Greater Transparency: Provide team members with the financial information they need to do their jobs effectively.
- Enhanced Collaboration: Empower your team to participate in financial tasks according to their roles. This frees you up to focus on running your business.
- Improved Efficiency: Streamline workflows with role-based access for approvals and transactions. No more bottlenecks or delays!
- Increased Control: You assign specific roles and account access for optimal financial management. You remain in control while delegating tasks
.Team Member Roles: Team Banking offers a variety of roles to suit your specific needs
- View Only: Grants transparency by offering access to account details and transaction statuses. Suitable for team members who need to stay informed but don't require transaction capabilities.
- Initiator & Approver: This role grants full control, allowing team members to both initiate and approve transactions. Great for trusted partners or key personnel.
- Initiator Only: Ideal for delegating transaction initiation tasks (e.g., creating invoices or bills) while maintaining control over approvals. Perfect for bookkeepers or assistants.
- Approver Only: Provides oversight by allowing team members to review and approve/decline transactions initiated by others. Useful for managers or supervisors.
Getting started with Team Banking is simple:
- Log in to your Carbon Business Banking account and click the "Team" button in the menu.
- Invite your team members by entering their email addresses and choosing their roles.
- Assign account access (main or sub accounts) based on each team member's role.
- Send the invites!
Once your team members receive their invitations and set up their passwords, they'll be ready to collaborate with you seamlessly.
Next Steps:
In the coming days, we'll be publishing a series of blog posts that delve deeper into Team Banking. We'll cover topics like detailed setup guides and best practices for maximizing the benefits of this powerful tool for your business.
We believe Team Banking is a game-changer for seamless financial management. Get started today and experience the power of collaboration!
Have questions? Don't hesitate to leave a comment below or contact our support team for assistance.
