Corporate group ID

A corporate group is an affiliation of legally independent companies under the common management of a controlling company. It is the highest organizational unit. A corporate group can be, for example, a company with several subsidiaries that are defined, from an accounting point of view, as individual companies.

A corporate group ID is the internal identification number of a group of buyers (for example subsidiaries). This key field in the supplier registry connects suppliers to the buyers that they deliver to.

Additional background: Corporate group IDs were introduced in Kofax ReadSoft Invoices to meet the requirements resulting from a specific but common situation: When a company consists of many merged subsidiaries that have their own ERP system, each with its own supplier registry, the same supplier can exist in multiple registries but using a different supplier name and number. Corporate group IDs map buyers and suppliers to each other, allowing multiple supplier registries to be merged into one set of Kofax ReadSoft Invoices master data. (See example.)