Organizations within Practifi represent legal entities that are not natural persons, such as companies, trusts, partnerships, and associations. They can be a Prospect or Client in their own right or associated with a Household or Individual as an associated entity, like a family trust set up within a Household. They can be created automatically by integrating with an external management service, like a Portfolio Management System, or manually. The following outlines the steps for creating an Organization manually.
Creating an Organization is one of the actions available under the Global Actions dropdown list in the top-right corner of Practifi. Note the other types of Global Actions available under this dropdown.
A panel will appear on the lower-right of the screen. Complete the fields as listed, noting the mandatory sections.
Information for each employee in the Organization can be completed as part of this step (by completing screens that follow) or can be done later if a zero is entered at this point. Click Next to continue.
At this point, the Organization is simply a record in Practifi, which can be used for marketing and presales work. It is not a Prospect or a Client yet. To convert the Organization to one of these statuses, you should locate the Organization using the Directory app and use the Actions dropdown list on the Organization record to first Promote to Prospect and then Promote to Client from the same dropdown.
Additional Organization members can also be added from the Actions dropdown through the Add Organization Member link.