Managing finances across multiple companies can be a complex task, but Deltek’s Costpoint offers a range of options to streamline this process. Whether your organization operates on a global scale with different functional currencies or you’re looking to maintain a unique setup for each entity, Costpoint’s multi-company features are designed to cater to your specific needs.<\/p>\n
Option A: Multi-Company Single Database Environment<\/strong> This setup allows for multiple organizations within a single company to represent separate taxable entities or geographical locations. It’s an ideal structure if the companies share a common functional currency, enabling a unified approach to financial management.<\/p>\n Option B: Multi-Company Separate Database Environments<\/strong> For organizations that require unique setups for each company, including different functional currencies, this option provides the autonomy needed. Each company is set up as a separate entity with its own database, allowing for distinct control settings and financial management.<\/p>\n