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
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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
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.
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.
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.
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