To help organisations manage financial operations collaboratively, PayDo, the UK EMI-licensed fintech company, has launched its new Team Members Feature.
Team-based financial management is the key to running a scalable well-tuned business, where collective contribution ensures all colleagues have each other’s backs and work toward the same goal. Hundreds of employees will now gain access to one dashboard without users experiencing a drop in performance. The new PayDo offering will act as an upgrade to the Business Accounts offering, which previously only allowed for one business account per company, in turn giving organisations greater control, security and efficiency.
Team Members makes it easy for account owners to invite colleagues and assign access to IBAN Accounts, Merchant Services, or Affiliate Accounts. It also provides secure verification, making sure each new team member completes identity verification before getting access.
Making roles clear and customised
Account owners will also be able to assign new colleagues predefined roles, such as finance manager or support manager, extremely quickly. If none of the predefined roles fit an individual’s responsibility, with the Team Members feature, account owners will be able to fully customise permissions to suit their business structure. Once assigned a role, it is simple for account owners to view and adjust permissions in real time to calibrate processes.
Other advantages include approved workflows, which will enable junior team members to request fund transfers that require review and approval by senior staff; real time notifications, which will allow for instant email alerts for access changes or transaction requests to maximise visibility; and scalability. The feature will allow for teams of up to 500 users, making it ideal for growing or distributed businesses.
Andrii Faier, product manager at PayDo
“We designed the Team Members Feature with one goal in mind: to empower businesses to manage finances collaboratively without compromising on control or compliance,” said Andrii Faier, product manager at PayDo. “Our business clients needed a better way to delegate access, reduce internal risk, and scale operations—and this feature delivers exactly that.”
Simplifying processes without compromising speed or safety
Manual workflows and the bureaucracy of permission control can stagnate the once-efficient workflows. PayDo’s feature aims to automate and simplify access to sensitive financial tools in multi-user environments without compromising the speed or safety of the entire infrastructure.
Team Members Feature promises to deliver this by:
Enabling permission control to match organisational responsibilities
Increasing operational security through verified access
Supporting efficiency and transparency with real-time updates
Providing a scalable solution for small teams and large enterprises
The solution can be used in a variety of scenarios. One example could be in a large e-commerce business. If this business has separate teams handling customer support, vendor payouts, and treasury operations, the new feature will ensure the support team can get a view-only access to transaction history, while finance managers can initiate transfers, and senior leadership can approve them.
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