Company Information in Salesforce

Your company settings are the collection of information about your organization. This collection is mostly captured when you purchase a Salesforce product, but you can update the settings if your company moves operations or expands globally. It’s essentially a snapshot of your company’s identity.

Use the Company Information page in Setup to track what’s important about your company’s organization in Salesforce. You can also manage your licenses and entitlements.

https://help.salesforce.com/articleView?id=company_information_fields.htm&type=5