Blog How does a multi-company setup benefit you?

How does a multi-company setup benefit you?


Enterprise Resource Planning (ERP) systems are vital for businesses and organizations. An ERP system allows for better management of employees, streamlines the workflow, and automates many business processes and daily operations. As your organization grows, it becomes more of a necessity to implement an efficient ERP system and not just a convenient option. 

However, large-scale organizations with multiple companies under them or parent companies with various subsidiaries have a tough decision to make when choosing an ERP system. Should each company have its own individual ERP system, or is it beneficial to set up the same ERP system for all the companies within the organization? 

Initially, you may think that using the same ERP system across multiple companies may be inefficient and quite a hassle, especially if those companies belong to different industries. Each company's business processes, needs, and requirements will be unique and diverse which is why it’s understandable to think that a single ERP system won’t suit every company. 

But that’s not always the case. In many ways, a multi-company ERP setup can offer great benefits to your organization. Let’s take a look at some factors which highlight the benefits of a multi-company ERP setup. 

Reduced costs and easy implementation 

The first and somewhat obvious advantage of a multi-company ERP system is that it means you don’t have to set up different ERP systems for each company. In addition, when one company in your organization is already using an ERP system, it becomes even easier to implement the same in other companies. Employees who are already familiar with the ERP system can assist in the setup of the same system in other companies. 

Better control and easy access to data 

A multi-company ERP system provides higher management and stakeholders with better control over the entire organization and all its companies. They’re able to track the progress of each company under one platform and have quick and constant access to the company’s data. It’s like having a bird’s eye view of the organization where you’re able to conveniently monitor everything from above. This also helps them effectively plan business objectives and organizational goals. 

Efficient training  

Another benefit of a multi-company ERP system is that it makes the training process more efficient. It allows employees of one company to provide training to other companies. Any new skills acquired by the staff in one company can be transferred seamlessly to the staff of all the other companies through training and workshops. If certain processes and departments are common across multiple companies, you can provide training through a single combined session. 

Cross-company adaptability 

A huge benefit of a multi-company ERP system is that it facilitates the transfer of employees between companies. In fact, it’s not uncommon for organizations to move their employees from one company to another, either temporarily or permanently. Normally, when an employee shifts companies, they might need to undergo a thorough training process to fit into the new company. But if the same ERP system is implemented across each company, employees can easily adapt to the new company with little to no training. 

Think of all the amazing possibilities that could arise as it becomes easier to move staff between companies. Any urgent requirement for manpower can be fulfilled within the organization through the cross-company movement of employees, reducing the need for external recruitment. 

Recruitment and onboarding 

A multi-company ERP system also simplifies the recruitment and onboarding process for new employees. The progress of all the new recruits across multiple companies can be tracked and monitored under a single platform. A common onboarding process can be utilized for all companies when recruiting staff for similar roles and positions. The HR team of one company can assist in the hiring process for different companies, which results in a more efficient and faster recruitment process. 

Common database 

Database management is one of the biggest challenges for organizations in this modern digital era. But when multiple companies use a single ERP system, you have all the data under one roof. If two or more companies are handling similar processes or operating in the same industry, their data can be cross analyzed within the same system. The comparison and analysis of data across companies can help build common strategies that can benefit multiple companies. 

Centralized support system 

If each company uses a different ERP system, they’ll have to contact the respective support centers whenever they face any issues with the software. But when all the companies use the same ERP system, they all contact the same support team which makes things easier. In many instances, you might not even need to reach out to the support team every time. 

If one company has faced any issues with the software and received the appropriate solution from the support team, they can notify the other companies. This will mean that the other companies won’t need to contact support if they face the same problem. Using the same ERP significantly reduces the need for companies to reach out for support, and in cases when they do reach out, it’s always the same support team that’ll be assisting each company. 

Vault – A fully customizable multi-company ERP system for your business 

Despite all the benefits of a multi-company ERP system, it can be tough to find the right ERP software that’s versatile enough to suit the needs of different companies. That’s why Vault offers a fully customizable ERP where organizations can tailor the system so that it suits their requirements. 

Vault has a wide variety of modules specially designed for different processes such as HR management, Project management, Operations management, Sales management, and Financial management. It also offers modules for organization setup and a global dashboard that allow you to track the progress of all the companies within an organization. You can choose which modules you want Vault to incorporate based on the requirements of your organization and its companies. 

The modules are designed to offer versatility and cover every aspect of a business’s processes, on both a small and large scale. The ability to customize the software means implementing different features for different companies while still using the same system. With Vault, implementing a multi-company ERP setup has become easier than ever before. 


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