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Invoice everything - fast and accurate - while staying on top of project finances.

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Save 1-2 days a month on your invoicing process.

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Ready for international expansion?

We support your international scaling and save you the bother of having to invest in a complex and costly ERP system.

Ready for international expansion?
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We wanted to use one system and process across countries – that’s key. So, we switched to TimeLog to get a holistic view that also included the finance side. With TimeLog, we have one source of truth for everyone.
Arti Mittagunta
Director of Business Systems Transformation, Symetri

Why choose Multiple Legal Entities? 

If you run businesses with offices in multiple countries or are part of a large group, you may have staff employed by company A, but who work on projects owned and invoiced by company B. 

Running a business like this entails a whole lot of administration to maintain the associated data, often resulting in one of the following two scenarios:

  1. Your employees register their time more than once in multiple systems. The drawback here is that resource management and project consolidation across different countries or businesses (i.e. separate legal entities) demands a lot of manual work in Excel.

  2. Your employees register their time in a single system. Still, your bookkeeping department has to re-enter invoices, invoice lines and revenues manually between the different legal entities’ finance systems and/or cost centres every time you issue an invoice.
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Best-of-breed to support your core processes

TimeLog PSA is best-of-breed software that supports the core processes at consultancy companies: time registration, project management, resource management, salary management, invoicing and reporting. Our add-on Multiple Legal Entities (MLE) module provides you with optimal conditions for managing your legal entities, with peerless transparency, flexibility and user-friendliness for your employees on a shared TimeLog site.

Transparency

Gain insight into how your legal entities are performing so that you can optimise your business, making the right decisions at the right time

Think globally, act locally

Each legal entity can use its own payroll and finance system

Centralised data

All your legal entities are linked to a shared TimeLog site, which means that all your data are collated in a single location

Access depending on needs

You can control which employees have access to which data

Establish transparency concerning your legal entities’ performance

As a CEO or CFO, would you like more:

  1. Transparency regarding the performance of your legal entities, right down to individual time registrations, so that you can report accurately to the Board? 
  2. Insight into how to optimise the entire business, including all your legal entities?

With TimeLog Multiple Legal Entities, there is no need for your Country Managers to prepare individual reports in Excel.

The management can extract reports in TimeLog, where the performance of all your legal entities is collated. The data are presented in real-time, allowing the management to react to business performance, and make the right decisions at the right time.

In addition, we have obtained ISAE 3000- and ISAE 3402 statements as your guarantee that we take your data security seriously.  

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Think globally, act locally

The TimeLog Multiple Legal Entities module provides you with a flexible setup. Each of your legal entities can use the payroll and finance system that ensures compliance with the country's laws, regulations, and requirements in question.

The different payroll and finance systems are linked to a single, shared TimeLog site. From here, you can define which legal entity each project and employee is connected to and then the invoices to the respective payroll and finance system for further processing. 

This flexibility means there is no need for you to invest in a costly and daunting ERP system. At the same time, you neatly eliminate all the fuss and bother with Excel, because you no longer need to spend time combining a host of different spreadsheets.

TimeLog can be integrated into more than 15 payroll and finance systems.

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No need to log into multiple systems

All your legal entities are linked to a shared TimeLog site, which means that all your data are collated in a single location.

In this way, you always have a complete overview of your data – across all your legal entities. 

It also means that your project managers: 

  1. No longer have to set up the same project several times.
  2. Can easily see which resources they can draw on for their projects; moreover, the employees in question only need to register their time once on your shared TimeLog site.
  3. Can easily see which and how many resources are being exchanged and shared across your legal entities.
 

Would you like to learn more about managing your legal entities using TimeLog Multiple Legal Entities?


Then you are most welcome to book a no-obligation meeting with us. 

  • The purpose is to establish whether TimeLog Multiple Legal Entities could be a solid option for your business.
  • We discuss your needs concerning managing your legal entities and determine whether TimeLog matches your requirements.
  • We also explain how some of our customers who operate businesses similar to yours use TimeLog Multiple Legal Entities to manage their legal entities.
 
 
 
 
 
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