Settlement

Streamline Intercompany Transaction Settlement with Virtual Trader Intercompany Subledger

The Virtual Trader Intercompany Subledger provides automated settlement planning and clears open balances at the detailed transaction level.
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Settlement

Streamline Intercompany Transaction Settlement with Virtual Trader Intercompany Subledger

The Virtual Trader Intercompany Subledger provides automated settlement planning and clears open balances at the detailed transaction level.

Advanced Settlement Options

The Virtual Trader Intercompany Subledger provides an enterprise-wide view of liabilities and assets regardless of the organization’s IT landscape. This provides a centralized point for audit, reconciliation, and settlement planning.

The system automates the allocation of settlement amounts to eligible open items to provide tracking, aging, and settlement of IC liabilities at transaction level.

2. How does VT help customers

The Virtual Trader Intercompany Subledger provides:

  • A monthly plan of proposed open items to be settled.
  • A rule-based facility to preapprove open items for settlement.
  • An interface of the payment plan to treasury systems.
  • Automatic allocation of settlement amounts to eligible open items.
  • Ad hoc manual settlement options.
  • General Ledger journals to update payables and receivables, cash clearing, and currency FX.
  • In-house banking and netting to reduce the number of wire payments needed for settlement.
  • POBO and ROBO assignment at payment level.
  • Cash pooling.
  • Systematic creation of loans.
  • Automated application of interest for borrower and lender.
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For a closer look at Virtual Trader and the tools it offers to streamline your full intercompany life cycle, request a demonstration today.

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