Last Updated
Overview
Virtual Trader offers comprehensive intercompany accounting automation, facilitating the standardization and centralization of global financial processes. Despite its highly specialized nature, which may not suit smaller firms, its ability to streamline complex workflows and prevent costly manual errors makes it a powerful asset for multinational organizations.
Overall Rating
Based on 1 users reviews
4
Rating Distribution
Positive
100%
Neutral
0%
Negative
0%
Starting Price
Custom
Virtual Trader Specifications
- Financial Reporting
- Invoice Management
- Expense Tracking
- Tax Management
What Is Virtual Trader?
If your business is a multinational enterprise struggling with the complexities of intercompany accounting and relying on manual spreadsheets or disparate systems, Virtual Trader could be the solution. Its core strength lies in automating the entire intercompany process, from creation to settlement, providing a single source of truth for global operations. Pre-reconciling transactions and centralizing data enable companies to close their books faster, providing better audit evidence and allowing financial teams to focus on high-value tasks.
Virtual Trader Pricing
Virtual Trader Integrations
The software supports integration with multiple platforms, such as:
- Oracle ERP
- SAP ERP
Who Is Virtual Trader For?
Virtual Trader software is ideal for a range of industries, including:
- Multinational organizations
- Global enterprises
- IT multinationals
- Healthcare companies
Is Virtual Trader Right For You?
If your business is a multinational enterprise struggling with the complexities of intercompany accounting and relying on manual spreadsheets or disparate systems, Virtual Trader could be the solution. Its core strength lies in automating the entire intercompany process, from creation to settlement, providing a single source of truth for global operations. By pre-reconciling transactions and centralizing data, it helps companies close books faster and provides better audit evidence, allowing financial teams to focus on high-value tasks.
Still not sure about Virtual Trader? Contact our support team at (661) 384-7070 for further guidance.
Virtual Trader Features
Intercompany Transactions
This feature automates the process of raising intercompany invoices and journals. It creates simultaneous transactions for both parties involved, leveraging real-time alignment to ensure items are pre-reconciled at the point of creation, which helps to eliminate manual duplication and errors.
Intercompany Reconciliation
Virtual Trader automates the matching of financial transactions to ensure accuracy and prevent bottlenecks at period close. The module rapidly identifies all unreconciled relationships and the items causing the imbalance, alleviating the need for manual, time-consuming after-the-fact reconciliations.
Intercompany Settlement
This feature provides automated intercompany settlements and integrates with existing treasury management systems. It creates a seamless operation for handling both cash and non-cash settlements, including journal postings and currency foreign exchange to provide a streamlined process.
Pros And Cons of Virtual Trader
Pros
Automates the entire intercompany lifecycle
Centralizes global financial processes
Provides better audit evidence
Cons
Niche application for large enterprises
Lacks real-time stock broker data
Virtual Trader Reviews
Total 1 reviews
4
All reviews are from verified customers
Rating Distribution
5
Stars0%
4
Stars100%
3
Stars0%
2
Stars0%
1
Stars0%
Share your experience
Not Specified, 101-500 employees
“Comprehensive Features”
Pros
The way it is customizable, I appreciate that, we can set up our own business rules instead of being stuck with whatever comes out of the box. It let's us handle both our internal processes and dealings with other companies exactly how we need to. What's also great is that when you bring in new software, it usually messes up your transactions and reconciliation but this tool actually helps prevent those headaches.
Cons
The updates aren't real-time for me like I'd get from calling a stockbroker directly. This delay can make it harder to stay on top of fast-moving financial activities.
Rating Distribution
Ease of use
9
Value for money
8
Customer Support
8
Functionality
8
Frequently Asked Questions
What language does Virtual Trader support?
Virtual Trader supports the English language.
Does Virtual Trader have a mobile app?
No, Virtual Trader does not offer a mobile app.
Does Virtual Trader offer an API?
Yes, Virtual Trader offers an API.
What types of pricing plans does Virtual Trader offer?
The Virtual Trader price offers custom plans depending upon the unique needs of a business. Request a personalized Virtual Trader pricing quote for your business.
What level of support does Virtual Trader offer?
Virtual Trader offers support via phone, email, and an online form.
What other apps does Virtual Trader integrate with?
Virtual Trader integrates with multiple systems and platforms, including corporate financial systems, as well as Oracle and SAP ERP systems.
Who are the typical users of Virtual Trader?
The typical users of Virtual Trader are global enterprises, multinational organizations, and companies with a complex intercompany accounting structure.