Understanding Management Groups in Docyt
Management Groups in Docyt offer a practical way to consolidate different businesses under a unified platform. The Financial Institution Connection Center in Docyt utilizes these Management Groups to provide a simplified approach to accessing the relevant financial institution connections for the Docyt businesses you're authorized to manage.
This helps owners manage multiple businesses more efficiently by grouping them under one umbrella. Each business can only belong to one Management Group, which might include one or more businesses. Using these groups, the Financial Institution Connection Center in Docyt makes it easier to maintain and manage bank connections, reducing the risk of disconnections. Understanding Management Groups is crucial for effective management on Docyt for both account managers and customers.
Examples:
- Jane owns three Jersey Mike's franchises and created a Management Group called "Jersey Mike's Franchises" to manage them together.
- John owns an independent coffee shop and a UPS Store, so he creates separate groups: "Java Lovers" for the coffee shop and "Shipping Pros" for the UPS Store.
- Mary owns five quick-service restaurants and puts them all in a group called "Mary's QSRs" to manage them more efficiently in Docyt.
User Permissions
Business Employee User View:
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If you are a business employee user for all businesses listed on your dashboard, you will not see the option to add a new management group in the global settings.
Business Admin User View:
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If you are a business admin user for at least one business, you will still see the "+ New Management Group" icon.
These settings guarantees that only users with administrative privileges can oversee and establish new management groups, thus safeguarding sensitive bank accounts and information from being accessed by business employees who do not have the necessary authorization.
How to Configure Your Management Group in Docyt
- Log into your Docyt account.
- Navigate to your Docyt Business.
- Click on the 'Settings' option in the drop-down menu.
- Select the 'Management Group' tab from the left navigation menu.
- Click on the blue '+ New Management Group' button at the top of the screen.
- In the 'Create New Management Group' pop-up window, enter a suitable name for your management group. Then, click 'Save'.
7. A success banner will show up, indicating a new management group has been created.
Refer to How to Add and Map New Account in the Financial Connection Center of Docyt and Financial Account Configuration in Docyt to have an understanding of the context of Financial Institutions w.r.to the management groups.