Our Solutions

Delivering a Framework That Allows Greater Flexibility

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

Our Solutions

Delivering a Framework That Allows Greater Flexibility

Multiple Systems

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

Reconciliation & Period Close

11. Challenges Reconciling IC and Oracle EBS-

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 automated creation of intercompany to reduce the risk 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.

9. What are your options for intercompany transactions

Automation

Modern trading methods create significant volumes of intercompany activity. Complex company hierarchies and trading through intermediaries further increase 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.

Virtual Trader enhances the intercompany functionality of Oracle EBS.

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Offsetting Change of Ownership

International shipment of goods regularly 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.

10. Challenges creating IC with Oracle EBS

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 software customizations can comply with new legislation and quickly respond to changes in the needs of a growing business is a time-consuming, costly, and uncertain activity. Rather than changing software, the Virtual Trader approach of configuring business rules 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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