Thursday, 25 March 2021 07:15

How you can Remotely Manage your Finance Business Team

It has been a real challenge in such unprecedented times of Covid-19 for business owners to manage their teams remotely and simultaneously maintain productivity up to the mark. Unlike the IT domain which is having smooth sailing, the financial services sector has been impacted hugely as professionals find it difficult to handle a fully dispersed team.

Having no experience in managing the finance business remotely being the biggest barrier they are facing. And on the other hand, none of their employees had done anything like this previously which is making the situation even worse. It’s high time for both, organization and employees to trust each other more than ever.


Freelancer Working With  a Laptop

With no choice left, business owners have to manage it remotely and they are having a hard time with the same. But you can pave the way if you know some smart tips on remote management. So, below we have listed some important tips that will help you to prioritize right tasks, boost productivity, and enhance the integrity of your organization in these difficult times.


1) Opt for Right Technology Stack

Laptop Showing Some Data Information

From cloud-based SaaS applications to numerous desktop and mobile applications there are dime a dozen digital products and services available in the market, thanks to technological advancements.

In this sense, you need to identify the most optimal technologies that can be the best fit for your financial business. And make your decision wisely because it will be vital for your team’s productivity level. Thus, make sure you have performed deep research and compared each of them before making any firm choice.

We highly recommend you to use a CRM as it will keep everyone on the same page. It will also save a significant amount of your time by automating some tedious manual tasks. You can also go for Financial services CRMs which are designed specifically to meet the needs of financial services business.

2) Effective Communication

The time zone might be the biggest hurdle if your team is located in different parts of the world. You can also use Everytimezone to get a glimpse of the time zones of all your employees before scheduling a meeting or communicating with them. Rather than scheduling random meetings, it is recommended to set-up a predefined time every day or week for all the updates. That will assure the availability of everyone and they will do the necessary preparations for the meeting as well.

Good communication habits are necessary to strengthen your workflow. Skillful employees don’t require monitoring all the time. But effective communication is of utmost importance while working remotely.

3) Utilize FinTech Platforms

Working On The Mobile

According to a research, the COVID-19 pandemic has caused a massive rise of 72% in the use of FinTech apps in Europe.

From the banking and insurance sector to cryptocurrency, there are more than enough fintech applications available in the market that can automate your financial services process.

Below are some of the substantial advantages offered by Fintech Apps:

  • Provides more value and convenience as compared to traditional banking apps
  • Better user-experience through Artificial Intelligence
  • Blockchain Security
  • Integration with other Popular Applications
  • Low-cost solutions

4) Use Agile Boards

Whenever there is a situation involving a set of tasks that needs different stages for completion, you can use agile methodology to keep track of all. Use free tools like Trello if that feature isn’t included in your CRM. This agile method is mostly used for software development but now every industry has found this to be super-effective and has adopted it.

5) Provide Flexibility

Who doesn’t love flexibility? This enhances the bond of trust between employees and companies. So, provide flexibility wherever you can. In this way, employees will be able to keep a balance between personal and professional life.

Since they are working from home and do not require to be available each and every time but the flexibility encourages employees to respond or become available even during non-working hours and stretch themselves to accomplish important tasks.

6) Set Clearly Defined Goals

Be it any type of financial service business, setting weekly or monthly milestones and keeping a track record of the same will give you a clear picture of the process. You will be able to detect the things in which you and your employees are lacking and what needs to be improved.

Therefore, keep a meeting before and after the month or week with your team to discuss the goals and overall progress. Thus, everyone will have a clear understanding of what needs to be done and what are their tasks for the coming week. This helps all of the team members to focus on the things that matter the most.


So, we have shared some important tips on how you can excel in a remote environment. There are a lot of finance firms including banking and credit card companies that already adopted remote friendly services. This gives customers real-time access to everything at their fingertips.

Now finance business owners have to familiarise themselves with the “new normal” in order to manage their team members effectively and drive their business to new heights.

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Raaquib Pathan

Raaquib Pathan is a content marketing specialist with expertise in providing insights into the latest sales and marketing paradigms. He works closely with the Salesmate CRM team to help businesses prevail in growing their brand presence and produce a spike in their sales curve.

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