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