 |
| How to Share Virtual Card Divvy 2024 |
Virtual cards have become an essential tool for businesses seeking better control over expenses, enhanced security, and simplified financial management. With Divvy, sharing a virtual card is a seamless process, enabling businesses to allocate funds to team members, control spending, and keep financial records organized. If you want to know how to share virtual card Divvy, follow this step-by-step guide to ensure you make the most of this powerful financial tool.
How to Share Virtual Card Divvy
Here’s how to share a virtual card in Divvy effectively:
- Start by logging into your Divvy account. You need to have admin access or the appropriate permissions to create and manage virtual cards. If you don’t have these permissions, you’ll need to request them from your account administrator.
- Once you have the virtual card you wish to share, go to the “Cards” section and locate the card. You can search for the card by name or browse through your existing virtual cards.
- Select the virtual card you want to share.
- Click on the “Assign” button or the “Share” option, depending on your account setup.
- Choose the team member from the list of users. If the user is not already in the system, you may need to add them as a new user.
- Set any specific permissions, such as spending limits or approval requirements.
- Save the changes.
What is Divvy?
Divvy is a business expense management software that allows companies to track expenses, manage budgets, and streamline the process of issuing payments. With features like virtual cards, physical cards, and integrated budgeting tools, Divvy helps businesses monitor spending in real-time and optimize financial workflows.
Virtual cards in Divvy provide a secure way to handle online transactions and recurring payments. They allow businesses to set spending limits, deactivate the card instantly, and avoid the risks associated with sharing physical card details.
Why Share a Virtual Card?
Sharing a virtual card in Divvy offers several benefits, such as:
- Enhanced Security: Virtual cards reduce the risk of fraud since they can be easily created and canceled. They don't expose the company’s main financial accounts.
- Controlled Spending: Businesses can set spending limits, expiry dates, and monitor transactions in real time.
- Improved Expense Management: Allocating a specific virtual card to a team member helps track individual expenses and keep the company’s financial records organized.
Conclusion
Sharing a virtual card in Divvy is a straightforward process that helps businesses maintain control over expenses, improve security, and simplify expense management. By following the steps outlined above, you can easily share a virtual card with your team members.