Challenge: Accounts Decentralization and Financial Risk
Mateo, the administrator responsible for Juventus Academy’s 26-team soccer club, faced significant financial risks due to decentralized account management. Each team’s funds were often managed through personal or independent accounts controlled by volunteer managers, resulting in:
- Lack of centralized financial oversight
- Increased vulnerability to misuse or mismanagement of funds
- Complicated account setup processes for each team
- Risk of funds disappearing when managers left, including actual instances of lost money
This system posed ongoing risks to the club’s financial health and consumed excessive administrative resources.
With 26 teams came 26 separate bank accounts—completely decentralized. If a manager left, they could walk away with the team’s funds, and there was nothing we could do to stop it.
Solution: Centralized Financial Management with Crowded
Discovering Crowded at an industry conference, Mateo identified a streamlined solution tailored for multi-team sports organizations. Crowded’s digital banking platform enabled Juventus Academy to:
Implement Individual Team Subaccounts
Every team gained a dedicated Crowded subaccount, simplifying fund management without multiple traditional bank accounts.
Enhanced Financial Access Controls
Mateo can instantly revoke access from departing managers, completely safeguarding team funds.
Maintain Comprehensive Financial Oversight
Full visibility across all subaccounts without compromising individual team autonomy.
Leverage Real-Time Notifications
Immediate alerts for financial transactions, ensuring timely interventions and streamlined monitoring.
Crowded lets our organization control every subaccount. Now, if anyone leaves, I can act instantly and keep all funds secure
Impact: Significant Reduction in Risk and Administrative Burden
Adopting Crowded’s subaccount structure empowered Mateo and Juventus Academy to:
- Dramatically reduce administrative workload related to financial management.
- Securely protect substantial amounts of funds from potential misuse.
- Effortlessly manage team financial transitions, mitigating risk.
- Provide peace of mind with real-time visibility and financial transparency.
