Get the most out of budgets with Volopay:
Every growing organization especially SMEs, finds it convenient to allot money to separate budgets by team/department. This can work well if you have a good idea of how much money should be allotted to each department such as sales, marketing, finance, etc.
Have you ever wanted to give the go-ahead on a project, but were scared your team would overspend? This is why creating budgets for individual projects/events is useful. For example, a construction company could set up a budget for a particular road project. Consider making a budget for the company's new year party or even the upcoming marketing conference. This way, people ask permission instead of forgiveness.
What about things such as supplies, equipment, and software subscriptions? Sometimes they fall under a particular team or they might be company-wide. Regardless, you can make a budget and invite anyone from any team that might need access as a member of the budget.