At the request of businesses: NovaPay enables accountants to make payments on behalf of individual entrepreneurs

NovaPay has launched a new feature for entrepreneurs: accountants can now create payments from an individual entrepreneur’s account directly in the application. This greatly simplifies business operations for those who delegate financial transactions to trusted individuals.

From now on, users with power of attorney for an individual entrepreneur’s account with the role of ‘accountant with signing authority’ can make payments on behalf of the individual entrepreneur, sign them with their electronic signature in the app, and view the transaction history. This allows entrepreneurs to focus on growing their businesses without wasting time monitoring each transaction.

Accountants can:

• make payments via IBAN — payments to suppliers, partners, contractors, and budget payments;
• withdraw funds from the individual entrepreneur’s account to the entrepreneur’s personal account.

‘It was our customers who asked us to implement this feature: we received many requests during research and surveys,’ comments Yana Levada, Director of Business Development at NovaPay. ‘Many entrepreneurs work with accountants, and it is important for them that a trusted representative can make payments quickly without constantly involving the owner. We listened to the needs of the business and implemented this update.’

We would like to remind you that the NovaPay app offers entrepreneurs a range of tools for convenient business management. Entrepreneurs can open an account in a matter of minutes, which allows them to receive daily cash-on-delivery for goods sold, as well as easily connect to a cash-on-delivery agreement. The app has a separate business profile, which simplifies financial transactions.

The NovaPay business profile includes:

• quick access to key tools – payments, appointment of authorised persons, loans, and templates;
• the barcode of the individual entrepreneur, displayed directly on the main screen for quick withdrawal of funds from the account or replenishment;
• a profile system that allows an entrepreneur to separate personal and business finances and set up filters;
• a separate screen for displaying the individual entrepreneur’s income;
• convenient access to account statements, the cash-on-delivery cabinet, and other services.

NovaPay is an international financial service from the NOVA (Nova poshta) group of companies. It has been providing online and offline payment solutions in over 3,600 branches for 13 years. NovaPay was the first non-banking institution in Ukraine to receive an extended licence from the NBU to open accounts and issue cards.