Controls and Schedules: Empowering Your Financial Management
Bivo offers advanced controls and scheduling features designed to streamline your financial operations while providing robust oversight. From dual authorization to automated payment scheduling, Bivo ensures your business operates efficiently.
Key Security Features
Dual Authorization
- Require multiple approvals for high-value or sensitive transactions, adding an extra layer of security to your financial operations.
- Customize approval workflows to match your organizational structure.
User-Level Permissions
- Assign granular permissions to users based on their roles, ensuring efficient management of accounts.
- Restrict access to sensitive information and limit transaction capabilities to authorized personnel only.
Spending Limits
- Set spending limits for users or groups to maintain control over payments or transfers.
- Adjust limits dynamically based on operational needs.
Automated Schedules
Payment Scheduling
- Automate recurring payments to vendors, contractors, or employees, ensuring timely disbursements without manual intervention.
- Configure payment dates and frequencies to align with your cash flow needs.
Fund Transfers
- Schedule transfers between accounts or to external bank accounts, saving time and reducing manual errors.
- Maintain visibility with real-time notifications for scheduled transactions
Why Choose Bivo for Controls and Schedules?
Efficiency
Eliminate manual processes with automated scheduling and approval workflows.
Save time and resources by streamlining financial operations.
Security
Dual controls and user-level permissions reduce the risk of unauthorized transactions.
Real-time monitoring ensures that every scheduled transaction is safe and compliant.
Customization
Tailor controls and schedules to meet the specific needs of your business.
Flexible configurations allow for easy adjustments as your organization evolves.
Frequently Asked Questions
1. Can I customize approval workflows?
Yes. Bivo allows you to configure approval workflows to fit your organizational hierarchy and transaction requirements.
2. How do payment and transfer limits work?
Payment limits can be assigned to individual users or groups, restricting transaction amounts to predefined thresholds. These limits can be adjusted as needed.
3. Are scheduled payments and transfers reliable?
Absolutely. All scheduled transactions are safeguarded by Bivo’s robust security measures, including end-to-end encryption and real-time monitoring.
4. Can I pause or modify scheduled payments?
Yes. You can pause, modify, or cancel scheduled payments through the Bivo dashboard at any time.
5. What types of transactions can be scheduled?
You can schedule payments, and fund transfers, providing flexibility for all your financial needs.