Why do I have to link my bank account to Devote?
Linking your bank account to Devote is an integral part of harnessing the full potential of our nonprofit expense management and credit card platform. While it is a requirement, there are several compelling reasons why connecting your bank account is essential. Let's delve into the key benefits:
1. Access to funds: Since Devote is built to be a bank for your nonprofit, we allow you to transfer you funds over to the Devote account to get the most out of the cards and software. There must be funds in the Devote account to use the cards, considering it is a pre-funded card model.
2. Secure and Efficient Expense Tracking: By linking your bank account to Devote, you enable seamless integration between your financial institutions and our platform. This integration allows Devote to securely sync your transaction data, providing you with a holistic view of your organization's expenses and financial health. The automated and real-time nature of this process eliminates manual data entry, reducing the risk of errors, and saving you valuable time.
2. Efficient Budgeting and Financial Planning: By linking your bank account, Devote empowers you to create and manage budgets with ease. Our platform assimilates your transactional data to provide accurate expense projections and comparisons against your budgeted amounts. This enables you to stay on track, optimize resource allocation, and adjust spending patterns in alignment with your organization's financial goals.
3. Enhanced Fraud Protection: Security is paramount when it comes to financial transactions. Linking your bank account to Devote adds an extra layer of protection. Through robust encryption and authentication measures, we ensure the safety and integrity of your sensitive financial information. Automatic monitoring of transactions and the ability to flag unusual activities mitigates the risk of fraudulent charges, safeguarding your organization's funds.
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