Delegate better with the Manager role

Effective delegation helps companies generate 33% more revenue. But how do you start? The Manager role, fully customizable to your needs, is here to help.

With admin tasks and requests for transfers and payments piling up, you may find yourself overwhelmed by expense management. To the point where focusing on your core work has become complicated. This might be the right time to start thinking about delegating. 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 tasks. Delegation is all about being economical with your time while empowering your teams to do what they’re best at. That way, it's a win-win situation for all concerned. Everyone’s focused on their tasks, and the entire company’s productivity increases.

Did you know that a CEO's ability to delegate well directly impacts their company's ability to grow more revenue? Companies run by CEOs who master delegation generate 33% more revenue than companies where delegation is a problem.

Giving you access to all the tools and services you need to unlock your business potential is our priority at Qonto, which is why we’ve launched the Manager role. It was specifically designed to provide you with a simple and efficient way of delegating tasks to your team. You can assign a set of responsibilities to your managers so that they can independently handle their team finances. Depending on the permissions you define, your managers can approve their team’s expense reports, initiate external transfers, create cards with spending limits, and much more.

Here are our top tips to help you maximize the benefits of Manager role with your Qonto account.

• Define a clear expense policy. A clear company-level expense policy is ideal for keeping how your employees use and spend company money in check. That way you can entrust your managers with staying on top of their team spending while ensuring their team complies with your pre-agreed policies and budgets.
• Align expectations from the start. The Manager role goes hand in hand with a set of permissions you can fully customize based on the responsibilities you wish to assign each manager. That way you’re sure your managers are aligned on the tasks you delegate to them from the start.
• Entrust your managers to set up their teams. Allowing your managers to create their own team on Qonto is a great way to empower them. This also means less time spent on account access management for you and more time for the things that matter most.
• Keep an eye on your finances. Giving more autonomy to your managers doesn’t mean losing control of what’s happening at your company. You have complete visibility of your team spending via your Qonto account. If you want, you can always schedule time regularly to go over your team’s transactions.

When you give your managers full autonomy, 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 advancing money for the company or manually creating expense reports. Instead, their managers can create a company card for them with a pre-set spending limit.

On a team level, the Manager role brings structure, accountability, and autonomy to all team members. Your managers and their teams will have a clear work process in place when it comes to managing spending and receipts. This makes both you and your accountant’s lives easier.

Ready to delegate more a further boost your revenue? Start a free 30-day trial and invite your managers to Qonto.