More often than not, the reason you end up with different legal entities in your ERP system is as a result of the limits of the system. Most ERP systems don’t let you handle your books by division or legal entity while still being contained in the same system. What’s worse, your reporting capacity is limited to a single division or entity, so you never truly have a full picture of what’s going on across your entire organization.

Paragon lets you keep all the information you have in one system but lets you separate your information however you want – by legal entity, by division, by whatever. This means that you can generate reports across the entire organization or by division or legal entity. It also helps you keep your books straight. You can set up your GL to handle each division separately while the information is kept in one single system. Moreover, the securities module is very granular so you have complete control over what each of your users has access to. You can decide who has access to view and edit what information in each division.

Basically, because of how we handle data and how your general ledger is set up, Paragon can handle as many legal entities or divisions as you’d like while still giving you visibility across the entire organization.