Taimer can be used by flat, no subsidiary companies as well as by those that have a multi-company structure.
Taimer's multi-company approach offers centralized management of all the companies operating under a holding company and the management of each of them separately.
Some of the benefits of using a multi-company structure are:
- Shared accounts and contacts
- Inter-company project collaboration
- Shared resources
- Unified invoicing tool for all companies
- Integration to accounting software
- Advanced reporting and 360° visibility into all subsidiaries
- Advanced permissions, user and team sharing rights
Managing employees, subcontractors or both simultaneously
In a group of companies, it is common for employees to occasionally work for a company other than their own. Taimer's multi-company ERP system facilitates the generation of inter-company invoices and the production of management reports.
However, compartmentalization often remains the rule, even though, in reality, employees of one company are second to another. Then all you have to do is identify the employees concerned and create them as subcontractors (for example) for other subsidiaries.
Managing shared accounts and contacts
By choosing Taimer multi-company, you will find that the management of your accounts and contacts are shared. There is no need for creating multiple entities having compartmentalized data in different databases. With Taimer all data is sharable between your business entities.
Taimer only creates one account and one contact. These can then be used between all your companies to form relations to company-specific accounts and contacts. This means, some companies are customers and some are partners, but it is still the same account card with different relations to each of your companies. This will save a lot of time and money and provides transparency.
Managing inter-company projects
Teams from different companies can work together by:
- Creating and manging projects across companies
- Sharing resources more flexibly
Invoicing seamlessly in one tool
All companies use the same invoicing tool that is also connected seamlessly to the accounting software.
All of the invoices from all of the companies are managed by the same business management tool. You determine, in the invoice log, which accounting file the invoices have to be centralized in. There is then one accounting file per company.