By mastering delegation you can generate 33% more revenue. But how do you get there? The great news is we've just made it easier for you with the Manager role! Read on to find out more.
If you want to go far, go together
With admin tasks, requests for transfers and payments piling up on your desk, you might find yourself drowning in the present when, ideally, you want to have your eyes fixed firmly on the future.
As the saying goes: if you want to go fast, go alone; if you want to go far, go together. Therein lies the power of delegation. Delegation is all about being economical with your time, while empowering your teams to do what they are best at. That way, it's a win-win situation for all concerned.
“As we look ahead into the next century, leaders will be those who empower others.” – Bill Gates, founder of Microsoft
Unleash your business potential by delegating better
Did you know that a CEO's ability to delegate well is directly linked to their company's ability to generate more revenue? A Gallup study reveals that companies run by CEOs who delegate well make 33% more revenue than companies where delegation is a problem.
But this is easier said than done. Even the best-intentioned efforts often fail because there are no clear guidelines on which responsibilities should be delegated and how.
Helping you to embrace the true benefits of delegation and to unlock your business potential is our priority at Qonto, which is why we've launched the Manager role.
This newest addition to Qonto's available access levels (we call them 'roles') is specifically designed to give you a simple and efficient way of delegating. It enables you to assign to your managers a set of responsibilities that we have carefully pre-defined so they can handle their team finances independently. They can approve payment requests for their team, initiate external transfers, chase missing receipts, create cards with spending limits, and much more. All of this will save you valuable time.
Making the most of the Manager role
Here are our top tips to help you maximize the benefits of Manager roles on your Qonto account.
- Define a clear expense policy. A company-level expense policy will help keep spend in check by laying down the fundamentals for how employees can access and use company money. You can entrust your managers to keep on top of their team's spending to make sure that their team complies with the pre-agreed policies and budgets.
- Align on expectations from the start. The Manager role offers a set of pre-defined rights, so you and your managers are clear from the very start on the responsibilities and autonomy that you are delegating.
- Have your managers set up their own team. Real team empowerment starts by allowing your managers to create their own team on Qonto. This also means less account access management for you, so more time saved for the things that matter the most.
- Establish checkpoints. Your managers are taking the lead on team transactions, but you also have full visibility via your Qonto account. You can schedule time on a regular basis to check on teams' transfers and card transactions.
Empower a few to make a difference to many
When you empower your managers, you bring value to all your employees as they gain in efficiency both on an individual and team level.
On an individual level, employees no longer have to worry about manual expense reports, as their managers can create a company card for them with a pre-set spending limit.
On a team level, the Manager role brings structure and accountability to all team members. Employees will have a clear work process in place when it comes to managing their receipts and, with their managers verifying them, their documents will be always spot on for bookkeeping.
💡 Keen to start delegating better to yield higher returns for your company?
Start your 30-day free trial today and invite your managers to Qonto!