The Company configuration item type lets you specify data for the internal or the external companies in the Configuration Management Database (CMDB).
For internal companies, the Company configuration item lets you create the top level of your company's organizational hierarchy, if you have subsidiaries. In some situations, a single company consists of multiple smaller companies. The Company configuration item type lets you record data about these companies. If you have structured your configuration item management system as a single company, this configuration item type might not be needed for internal company data.
For external companies, you can use the Company configuration item type to insert data of the companies from whom you purchase assets. In the procurement feature of Asset Management Suite, these companies are called suppliers.
Additionally, the Company configuration item type gets populated by the Software Management Framework. The Software Discovery scan collects data about the installed software and creates the software resources with the minimum metadata: the company (vendor) name, software name, and version.
Note that the Company configuration item type does not let you create a hierarchical structure of companies.
This task is a step in the process for setting up the procurement environment.