Name: Virtual Trader
Author: Virtual Trader

Help Desk

Web and Video Conferencing

Customer Support

Bug  Tracking

WebOps

Development

Business Intelligence (BI)

Collaboration

Visual Collaboration

VoIP

Enterprise

Accounting

Finance and Accounting

Applicant Tracking

Corporate Learning Management

HR Management

On-Demand Payment

Payroll

Talent Intelligence

Talent Management

Workforce Analytics

Workforce Management

Human Resources

3D Printers

API Management

App Development

Browser

Cloud Storage

Component Content Management

Data Observability

Enterprise Architecture Management

Fraud Detection

Hosted Virtual Desktop

Hyper-Converged Infrastructure

Integration Platform as a Service (iPaaS)

Internet of Things (IoT)

Interoperability

MLOps

Network Access Control (NAC)

Network Performance Monitoring

Remote Support

Requirements Management

Security Awareness Training

Session Border Controllers

Voice Recognition

Web Application Firewalls

Information Technology

A/B Testing

Ad Serving & Retargeting

All-in-One Marketing

Business Card Scanning

Content Management

Content Marketing

Digital Signage

Direct Mail Automation

Email Management

Email Marketing

Event Registration

Marketing Automation

Marketing Resource Management

Online Reputation Management

Search Marketing Intelligence

Social Media Management

Social Media Publishing

Survey & Forms Building

Web Analytics

Marketing

AI Meeting Assistants

Business Caller ID

Professional Services Automation

Project Management

Professional Services

Customer Relationship Management (CRM)

Sales Intelligence

Sales

Data Loss Prevention

Insider Risk Management

Security

Commercial Drone

Construction Accounting

HIPAA Compliance

Multiple Listing Service (MLS)

Smart Cities

Utilities

Vertical-Specific

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Virtual Trader is an intercompany software solution that aims to automate and streamline intercompany transactions, reconciliation, settlement, and compliance processes. According to the vendor, this tool is specifically designed for large multinational companies and is utilized by various professionals in finance and accounting, such as CFOs, controllers, tax professionals, and treasury professionals. It is also used by supply chain and manufacturing companies, as well as retail companies.

## Key Features

**Automate Intercompany Transactions**: According to the vendor, Virtual Trader serves as a gateway and business-rules repository for intercompany activity, providing control over transfer price, cross charges, management fees, allocations, and tax agreements.

**Seamless Intercompany Reconciliation**: The vendor claims that Virtual Trader solutions automatically synchronize transactions, aiming to facilitate increased visibility and reduced period-close delays. It supports auto-reconciliation and matching of disparate intercompany transactions, including multi-instance, multi-system, and multi-COA setups.

**Advanced Intercompany Settlement**: Virtual Trader offers a dedicated intercompany subledger that acts as a single source of truth for the entire enterprise, according to the vendor. It tracks, ages, and settles intercompany liabilities at the transaction level, supporting cash pooling, multilateral netting, in-house banking, and integration with treasury systems.

**Centralize Intercompany Compliance**: Virtual Trader aims to help companies achieve tax and legal compliance by enabling intercompany invoicing and providing reporting capabilities, as well as maintaining a full audit history. The vendor claims it offers centralized compliance rules for global operations.

**Automate IC Transactions**: According to the vendor, Virtual Trader automates the creation of intercompany entries, aiming to improve visibility into intercompany balances and increase working capital. It enables pre-reconciliation from the outset and standardizes complex intercompany accounting flows.

**Seamless IC Reconciliation**: Virtual Trader is said to automate the reconciliation of intercompany transactions, aiming to increase visibility and reduce period-close delays. It supports multi-instance, multi-system, and multi-COA setups, providing API and web-service-based data integration.

**Advanced IC Settlement**: The vendor states that Virtual Trader's dedicated intercompany subledger centralizes intercompany activity and automates high-volume settlement, offering a single source of truth across the organization. It is claimed to automate the settlement of high-volume intercompany activity.

**Centralize IC Compliance**: Virtual Trader's enterprise-grade software aims to help companies achieve tax and legal compliance by providing intercompany invoicing, supporting reporting and full audit history, and offering centralized compliance rules for global operations, according to the vendor.

**Complex IC Accounting**: According to the vendor, Virtual Trader automates intercompany value chains, providing control over pricing methods and account entries. It supports multi-tier intercompany accounting, automates cross-charges, recharges, and indirect taxes, and offers real-time data access and reporting, supporting multiple charts of accounts and reporting ledgers.

**Intercompany Shared Service Center**: The vendor claims that Virtual Trader provides a dedicated subledger for all intercompany activity, automating the creation, reconciliation, and settlement of intercompany transactions. It supports multi-system and multi-chart of accounts, enabling the implementation of a shared service center model for intercompany and standardizing business processes globally.

All In One

Deskera ERP

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Synder

Virtual Trader

1 in 3 accounting software users find it difficult to choose the right tool. Find the best solution for you.

The Buyer’s Guide to Accounting Software

Software for tracking revenues and expenses and forecasting future revenue.

General Ledger and Configurable Accounting

Financial management solution, including capabilities for general ledger and configurable accounting

Accounts payable

This includes the automation and tracking of payment to vendors and suppliers, with features such as payment scheduling, check printing, open purchase order alerts, document management, direct ACH bill payment, and vendor records.

Accounts receivable

This includes the management and automation of invoices and collections, with features like statements, invoices, receipts, payment reminders, customer records, auto billing, and refund checks.

Cash management

The software provides a complete picture of a company’s cash flows, streamlines payment processing, and includes cash forecasting.

Bank reconciliation

The software connects to a company’s financial institutions in order to reconcile accounting records with checking, savings and credit card accounts. Often month and year closing capabilities are included.

Expense management

The software can log and track business expenses and reimbursements, including travel-related expenses, with the ability to tie them to particular projects.

Time tracking

The software can track billable and non-billable employee time by project.

Fixed asset management

This includes the ability to track fixed assets (e.g., laptops), including location, check-in and check-out, maintenance scheduling, audit history, specialized property tax period reports, cost and depreciation.

Multi-currency support

The software supports transactions across multiple currencies.

Multi-division support

The software is flexible and supports bookkeeping practices along multiple dimensions such as locations, branches or products.

Regulations compliance

The software helps users adhere to typical accounting standards and regulations such as IFRS, GASB, or GAAP.

Electronic tax filing

The software provides a full electronic interface for the filing of repeatable taxes, such as payroll or sales tax.

Self-service portal

The software provides online portals for certain stakeholders to find information relevant to them, such as employees, vendors and customers.

Global Financial Support

Account using multiple ledgers, multiple currencies, and multiple entities

Primary and Secondary Ledgers

Record and report across multiple currencies and accounting standards with primary and secondary ledgers

Intercompany Accounting

Automatically balance and reconcile GL for intercompany transactions

Localizations

Meet reporting requirements with country-specific localizations

Journals and Reconciliations

Automate and synchronize ledgers and processes

Enterprise Accounting

Create accounting for disconnected ERP and non-accounting source systems

Configurable Accounting

Configure accounting rules and segments for each chart of accounts

Centralized Rules Framework

Integrate disparate ERP and transactional systems into single ERP instance

Standardized Processes

Centralize financial management to facilitate standardized financial processes

Inventory Management

The ability to track and manage the flow of goods or materials into and out of an inventory.

Inventory tracking

The software syncs orders and stock to maintain a real-time picture of inventory and supports multiple methods such as LIFO and FIFO.

Automatic reordering

The software can be set up to automatically reorder a good when it falls below a certain threshold.

Location management

The software can track multiple goods across multiple locations.

Manufacturing module

The software helps track and manage raw materials, work-in-progress items, and finished goods.

Order Management

The ability to process orders, and track them from quote to cash.

Pricing

Users can set up complex and unique pricing requirements.

Order entry

Users can enter an order once, and the data flows to all the necessary units such as fulfillment and billing.

Credit card processing

The software facilitates credit card processing.

Cost of goods sold

The software calculates the direct costs attributable to a finished product, such as materials and labor, and includes roll-up pricing.

Order Orchestration

Define and execute order fulfillment processes for products as well as services on the same order.

End-to-end order visibility

Get updates on orders, inventory, shipments, planned supply, and invoices, and improve the quality of decisions through in-context analytics

Order exception Resolution

Monitor fulfillment tasks and resolve issues, view and evaluate varios options via what-if analysis and define and enforce change order rules

Payroll Management

Provides for pay calculation and benefit plan administration, in addition to managing direct deposit, salary revisions and payroll tracking.

Pay calculation

Pay calculation provides for computation of employee pay with state and federal deductions.

Benefit plan administration

Benefit plan administration is administration of health insurance plans and 401k plans, and other benefits.

Direct deposit files

Direct deposit is the ability to electronically transfer pay to an employee’s personal bank account.

Salary revision and increment management

Salary revision is the ability to modify individual employee pay.

Reimbursement management

Reimbursement management provides cash reimbursement for employee expenses related to business travel or other.

Reporting & Analytics

Users can report on and analyze usage, performance, ROI, and/or other metrics of success.

Dashboards

Users can create, customize and share dashboards, which provide an overview of the most important metrics.

Virtual Trader

Overview

What is Virtual Trader?