Best Practice for Parent/Child Companies?

[Jame Healy]

Hi there,

We have several instances of a client of ours getting acquired, or being part of a major conglomerate, where it makes sense to reference directly our ACTUAL customer, yet recognize that they are a subsidiary of a parent company.

Currently, we just have a Custom Field for the Company class/object that is "Parent Company" with a lookup to the Company list.

Does anyone else have this problem/need and have a better solution?

[Michelle Ertischek]

I have a similar challenge, and have yet to figure out a solution. So we might have an agreement with the subsidiary, and we want to differentiate it from the parent company.  We have at least one situation where we have agreements with both the parent and the subsidiary, and so have them entered as separate companies.

 

Thank you,

Michelle 

tel:  240.752.9053

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[Michelle Ertischek]

Did you see this thread? 

 

Thank you,

Michelle 

tel:  240.752.9053

 

To view this discussion on the web visit https://groups.google.com/d/msgid/accelo-community/4ea533558384407dace1cfe9e3c01c42%40MBX082-E1-VA-2.EXCH082.SERVERPOD.NET.

[Jame Healy]

No, I hadn't, but thanks for passing it on!

To me, there are at least three related, but different scenarios that I'd like a preferred/best practices so that any "custom workaround" I come up with doesn't limit my ability to do something else in the future:

1. Working for an End Customer THROUGH a Master Contractor. Where we want to maintain records specific to an end customer, but the billing relationship is with a master contractor (or another funding source). My thinking is that I MAY be able to set up the other funding source or master contractor as a type of contributor (in particular the billing contact), and thereby making that contact available as a billing contact on the billing/invoicing process ... I think.
2. Working for an End Customer with a "partial co-funder". In some cases, companies like Microsoft, Amazon Web Services, etc. will co-fund an engagement, in which case I'm thinking the best current way of achieving this is through the "contributor" approach above, and creating two (or more) invoices that go to each billing contact (for two, or more, funders).
3. Working for a distinct subsidiary/brand. When working with a distinct subsidiary (that requests/requires THEIR distinct name on the invoice) to be able to roll up activities, etc. across the "family of companies".  

On Tuesday, December 3, 2019 at 1:34:02 PM UTC-8, mertischek wrote:

Did you see this thread? 

 

Thank you,

Michelle 

tel:  240.752.9053

 

From: accelo-c...@googlegroups.com <accelo-c...@googlegroups.com> On Behalf Of Michelle Ertischek
Sent: Tuesday, December 3, 2019 4:33 PM
To: accelo-c...@googlegroups.com
Subject: RE: [Accelo Community] Best Practice for Parent/Child Companies?

 

I have a similar challenge, and have yet to figure out a solution. So we might have an agreement with the subsidiary, and we want to differentiate it from the parent company.  We have at least one situation where we have agreements with both the parent and the subsidiary, and so have them entered as separate companies.

 

Thank you,

Michelle 

tel:  240.752.9053

 

From: accelo-...@googlegroups.com <accelo-c...@googlegroups.com> On Behalf Of Jame Healy
Sent: Monday, November 18, 2019 8:19 PM
To: The Accelo Community <accelo-c...@googlegroups.com>
Subject: [Accelo Community] Best Practice for Parent/Child Companies?

 

Hi there,

 

We have several instances of a client of ours getting acquired, or being part of a major conglomerate, where it makes sense to reference directly our ACTUAL customer, yet recognize that they are a subsidiary of a parent company.

 

Currently, we just have a Custom Field for the Company class/object that is "Parent Company" with a lookup to the Company list.

 

Does anyone else have this problem/need and have a better solution?

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