Delivering a Framework That Allows Greater Flexibility

Staying on top of diversified trade patterns and legislation is an arduous task for many organizations as their global trade increases. Virtual Trader assists them by configuring solutions using business rules, rather than having a pre-designed solution that is embedded in the software.

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Delivering a Framework That Allows Greater Flexibility

Staying on top of diversified trade patterns and legislation is an arduous task for many organizations as their global trade increases. Virtual Trader assists them by configuring solutions using business rules, rather than having a pre-designed solution that is embedded in the software.

Multiple Systems

Organizations often operate multiple systems which raises problems in creating, managing and settling intercompany as a centralized corporate activity. Virtual Trader can accept and create intercompany from any source system.

Reconciliation & Period Close

Virtual Trader creates matched payables and receivables and any changes are automatically applied to both. This helps eliminate the intercompany reconciliation headache at period close. Virtual Trader allows for the automation of the creation of intercompany to reduce the chance of reconciliation issues that may cause period close to be late.

Spreadsheet Solutions

Virtual Trader supports the import and export of data through spreadsheets. This helps to eliminate sources of error caused by manual entry. Our spreadsheet solutions create accounting transactions that can be imported directly into your ERP solution.

Automation

Modern trading methods create a significant volume of intercompany activity. Complex company hierarchies and trade through intermediaries further increases this volume. Under these circumstances automation becomes essential to ensure accuracy, efficient reconciliation and speed of close.

Aging & Balance Reconciliation

A lack of aging analysis makes intercompany settlement problematic and potentially exposes the organization to Taxation penalties. Virtual Trader provides aging analysis so users can keep track of all open items.

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Offsetting Change of Ownership

The international shipment of goods often requires ownership to change multiple times and often at set points down the delivery chain. Virtual Trader can automate the title changes at required times or events and produce the accounting transactions needed.

Intercompany Subledger

The Virtual Trader IC Subledger is the comprehensive view of all intercompany activity across the enterprise regardless of the corporate IT landscape. It provides a single source of truth for intercompany balances and automated methods of reconciliation and settlement.

Respond to Change

Ensuring that customizations can quickly respond to changes in the needs of a growing business, and comply with new legislation, is a time-consuming, costly and an uncertain activity. Virtual Trader’s approach of configuring business rules, rather than changing software, allows it to respond to changing requirements quickly and reliably.

"We saved over $1,000,000 by deploying Virtual Trader."
Tektronix
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Case Studies

Read how Virtual Trader has solved the intercompany challenges of multinational companies.

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