Sarvana,
If it is direct table maintenance , I prefer to go for custom tcode set up which can be used to modify the data of the table.
Using transaction variant (SHD0) , You can build a two separate views for the same table(tcode) and assign respective variant to each business team. Need to check with your ABAP team
If no direct table maintenance , share the tcode details(standard/custom) , table(standard/custom).
Thanks,Krishna