Safe Multisig
At BlockPeer, we understand the importance of managing company finances securely and efficiently. That's why we've introduced Safe Multisig - a feature designed to give your organization an extra layer of security and control over vendor and employee payments, all while keeping the process straightforward and accessible.
How Safe Multisig Works
Safe Multisig allows your team to approve payments together, requiring more than one person to sign off before money leaves your account. This means better security and no single point of failure.
Simplifying Payments for Vendors and Employees
Vendor Payables:
Set up a Safe Multisig for vendor payments to ensure that each invoice is reviewed and approved by the necessary team members before payment is processed. This adds a layer of verification that protects against errors and fraud.
Employee Payables:
Similarly, use Safe Multisig for payroll and other employee-related expenses. This system ensures that salary disbursements and reimbursements are accurate and authorized by multiple managers
Setting Up Safe Multisigs with MPC Wallets
Choose Approvers:Select which team members will have the authority to approve transactions.
Create Your Safe MultisigEasily set up your Safe Multisig on BlockPeer, adding each approver’s details. Each member will access the Safe Multisig through their individual MPC Wallet.
Start TransactingWith your Safe Multisig in place, every payment will need the agreed number of approvals, ensuring each transaction is scrutinized and secure.
Benefits of Using Safe Multisig
Enhanced Security: With multiple approvals needed, your funds are safer from unauthorized access or fraud.
Team Collaboration: Encourages a collaborative approach to financial management, involving key team members in the payment process.
Transparency: Each transaction is visible to all approvers, fostering transparency within your organization.
Easy to Use: Designed with simplicity in mind, making it accessible for teams without a finance background.
