Intercompany Cloud delivers powerful, centralized intercompany compliance by automating complex tasks. It is standardized, centralized, and robust.
Intercompany Global Compliance
Achieve Intercompany
Compliance.
What is intercompany compliance?
Complying with the complex legal framework that exists for companies can be more than challenging — it can sometimes seem insurmountable. Compliance requires both external and internal organizational changes that multiply in response to the diversity of your global locations and which are further compounded by the frequency with which local compliance requirements change.
This application enables you to meet the tax and legal compliance associated with organization-wide financial processes, ensuring robust audit trails for evidence of company activities both outgoing and internal. By facilitating standardized global processes, Intercompany Cloud enables you to eliminate any inconsistencies in approaches used for managing intercompany compliance, which are often based on spreadsheets and/or undertaken manually.
01
Evidence your intercompany activity
02
Automate invoicing and tax requirements
03
Implement transparent business rules & transfer pricing
Automate
& validate.
One Standard Solution
Intercompany Cloud’s automated intercompany hub delivers a powerful centralized solution that replaces manual offline spreadsheets and ad-hoc processes used for managing intercompany compliance. This helps standardize global processes, enabling you to create and enforce a joined-up corporate policy.
The provision of documented evidence for both transactional data and business rules will help transform your business. This information ensures you can deal with any external inquiries with ease, providing full evidence of your intercompany activity in one location.
While tax authorities, regulators, and auditors must be dealt with, it is equally important to ensure your internal teams are aligned with a coherent raft of processes and procedures.
Compliant Intercompany Invoices
A simple listing of intercompany transactions fails to meet the requirements of authorities and auditors. Virtual Trader produces invoicing for all intercompany activity and can be tailored to meet varying global needs, including indirect tax details, gapless invoice number sequencing, and AP voucher numbering.
Evidence for Transfer Pricing
Transfer pricing agreements and calculations have come under increasing scrutiny in recent years. With authorities seeking to ensure a level playing field, performing these activities via existing offline and ad-hoc processes has become riskier and prone to deeper investigation. By centralizing all intercompany activity — including transfer pricing — in a single platform across the organization, Intercompany Cloud adds transparency to the process. This allows supporting evidence to be retained and made readily available.
The
Benefits.
Compliance benefits of using Intercompany Cloud
Explore our Software
Transactions
Reconciliation
Settlement
Intercompany
Transactions
Automate the entire intercompany process. Our solution takes a holistic view of all intercompany processes and then automatically raises intercompany invoices and journals, making the process much simpler for your business.
Intercompany
Reconciliation
Virtual Trader seamlessly automates intercompany transaction matching. Accounting teams can focus on completing high-value tasks, rather than tedious, time-consuming, and largely repetitive reconciliation tasks.
Intercompany
Settlement
Automated intercompany settlements and full integration with existing treasury management systems creates a seamless operation for handling cash and non-cash intercompany settlements, journal postings, and currency FX.
Our automated intercompany hub offers a powerful centralized solution for replacing manual offline spreadsheets and ad-hoc processes that are often used for managing intercompany compliance. This helps standardize global processes, enabling you to create and enforce a joined-up corporate policy.