Parent Company and its Subsidiaries

EarnBill allows you to manage the billing of the parent company and its subsidiaries with unified control over finances. It might be possible that you are registered as a parent company with multiple subsidiaries and want to set up a hierarchical structure of all your subsidiaries to handle billing operations for each business entity. EarnBill offers a sophisticated centralized billing system that enables you to define your business model in a parent-child hierarchy and manage the billing of each subsidiary.

For example, think of a parent company called Telecentric, with its subsidiary companies like Beta, Gamma, and Delta being your clients, as depicted in the diagram below. It is beneficial for Telecentric as a parent company to have a unified view of all its subsidiaries and financial reports. The Telecentric is an imaginary firm name used in the diagram to depict the parent-child company hierarchy structure.

Moreover, you might have started with one product offering; however, with your business expansion, you would have dwelled on multiple product offerings. These product offerings of each subsidiary might cater to every stage of the customer life cycle, from onboarding to cancellation or termination, thereby requiring full-fledged billing functionality serving each company as an independent entity. This parent-child scenario could be used for subsidiaries, geography, brands, etc. The parent can monitor billing, invoicing, and collections across those sub-entities, even though each has its unique billing configuration, product catalog, and customers.