AUTOMATE & TRANSFORM

Intercompany Transactions
Software.

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Intercompany Cloud enables you to deal with audits seamlessly, create reports in real-time, and scale the solution quickly as your business grows.

Intercompany Transactions Software

Create Intercompany

Transactions.

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What is the Intercompany Cloud?

Virtual Trader’s Intercompany Cloud application allows you to adapt the software to your way of working when it comes to intercompany transactions and journal entries, rather than the other way around. The application creates intercompany invoices and journals automatically — and exports them to your corporate financial systems.

The solution’s highly flexible business rules make it possible for you to configure the system according to your specific needs.

01

Standardize and centralize global processes

02

Avoid costly manual
errors

03

Use repeatable, configurable business rules

Automate

& transform.

Better Business Outcomes

Intercompany Cloud helps you eliminate the most pressing problems in the intercompany field. For example, pre-reconciling every item enables you to prevent bottlenecks at period close.

The application also alleviates the manual labor required by reducing duplicated entries. This removes opportunities for user errors and frees up staff to work on more productive endeavors.

By creating entries systematically at the time of the business event, Intercompany Cloud also helps companies create logical and joined-up processes that result in better business outcomes.

Intercompany Cloud solves the most pressing challenges associated with intercompany:
  • Cross-charges and recharges
  • Integration of legacy systems
  • Fixed-asset transfers and retirement
  • Spreadsheet applications
  • Allocations and management fees
  • Operational transfer pricing
  • Cash and non-cash settlements
  • Loans and interest
  • Share options and employee award scheme
Instant Efficiency Savings

All activity within Intercompany Cloud is pre-reconciled at the time of creation, translating into efficiency savings and a competitive edge for your company.

Intercompany Cloud also makes it possible to react swiftly to changes in business complexity and legislation by enabling easy reconfiguration. With no coding involved, any company can quickly rejig its operations.

Intercompany Cloud automation reduces manual processes while unlocking far-reaching benefits of increased productivity, including:

  • Close faster by avoiding bottlenecks
  • Provide better audit evidence
  • Streamline fixed-asset transfers and retirement
  • Reduce user questions
  • Avoid needing to cobble together documents
  • Gain more time to focus on future initiatives rather than today’s problems

The

Benefits.

Transaction-level benefits of Intercompany Cloud

The solution enables you to create IC transactions for both parties in the same place, at the same time, and for the same amount by leveraging real-time alignment for pre-reconciliation. This minimizes any need for the often tedious and resource-consuming process of undertaking after-the-fact reconciliations.

You’ll enjoy greater accuracy of GL every day, not just once a month. By attributing transfer pricing to what caused it, you will avoid the customary workloads that so often occur at end of period. This higher degree of ongoing accuracy facilitates
in-month reporting and analysis.

Put simply, Intercompany Cloud enables you to automate every IC process:

  • IC in supply chain
  • AP recharge
  • Intangibles, IP, royalties, service contracts
  • Fixed-asset transfers
  • Transfer price agreements and operational TP
  • Allocations, cross charges
  • Secondments, expat payroll, project cross-charges
  • Settlements, loans, interest
    • Control FX exposure, currency
    • Multilateral netting & POBO/ROBO
  • Reconciliation, transaction matching

“We operate in over 200 countries – there’s no way we could process intercompany at the transaction-level without Virtual Trader.”

Fortune 100 Logistics Company

Explore our Software

Intercompany
Transactions
Intercompany
Reconciliation
Intercompany
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.