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What is the difference between an organization and a company account?

When a Pipedrive account is created, both a user account and a company account are created.
That company account is your company, which you can invite your work colleagues to join you in as users, to access the same database.

An organization in Pipedrive is someone else's company. Specifically, it is any other company that you are looking to work with, sell to, or otherwise inquire with about your sales process.