Many Canadian and US companies operate numerous entities across North America, all under a single parent company. These entities fall within the same corporate umbrella but are spread across different regions.

For finance teams managing multiple entities under a single corporate umbrella, the process can quickly become overwhelming. These teams, often small, are tasked with handling all financial operations across different business units. The challenge? Logging in separately to different online banking platforms for each entity. Imagine a scenario at a company like Pied Piper Inc, where the finance team juggles multiple entities. Each entity requires its own login, forcing the team to constantly switch between accounts. This not only wastes valuable time but adds unnecessary complexity.

When speaking with customers managing multiple entities under a single corporate umbrella, a common piece of feedback we often hear is: “It would be great to have a single login to manage the finance operations of all entities from a unified platform.”‍

We're introducing Multi-Organization Management with Finofo—our most exciting update of 2024 so far!

What does this mean for companies? Let’s revisit the example of Pied Piper Inc, a company with multiple entities under its corporate umbrella. With Finofo’s multi-organization management, the finance team at Pied Piper can now seamlessly manage Accounts Payable, Global Receivables, and treasury operations for all entities from a single, unified platform. No more juggling multiple logins—users can effortlessly switch between entities, managing everything with just one login, streamlining their workflow, and saving valuable time.

The finance team at Pied Piper will be able to assign specific roles to users within the Finofo platform, such as making someone an Admin at Company ‘A’ while assigning them the role of Collaborator at Company ‘B’.

With our multi-organization management, you can move your funds in real-time between your entities—24/7, 365 days a year—without paying a single penny in fees. No extra charges, no hidden service fees, just seamless, instant transfers whenever you need them.

Here’s a quick look at how easily you can switch between entities right from your Finofo dashboard:

Once you’ve set up your account, creating a new organization or entity is simple and straightforward. You can easily switch between entities, invite team members to join specific organizations, and assign them appropriate roles. Additionally, you’ll be able to manage and view members within each entity, as well as remove members or leave an organization if necessary—all with ease.

Think of this feature like a magic switch—one unified account with a single login that allows you to seamlessly switch and manage the finance operations of all your entities.

Make life easier for your finance teams. If your business has multiple entities and you want to streamline your financial operations, switch to Finofo now. Banks might take years to offer something like this.

Open your Finofo account today!