Case Study: Harris achieves automated inventory accounting and transfer pricing compliance with Virtual Trader Intercompany Engine

Harris automates inventory markup posting with Virtual Trader, reducing manual period-close risk across 125 countries

Harris, an international communications and information technology company, needed to change its inventory accounting from a Balance Sheet to a Profit and Loss approach. This required breaking out the markup element within each posting, a functionality unavailable in standard Oracle. The manual process was time-consuming and error-prone, so Harris sought a third-party solution from Virtual Trader to automate this requirement.

Virtual Trader implemented its Intercompany Engine to automate the breakout and posting of markup and cost elements. This eliminated the manual process, ensured compliance with international transfer pricing legislation, and provided improved analysis on global inventory use. The Virtual Trader solution delivered the required functionality faster and with less risk than a custom development, while also reducing overhead and IT reliance.

Harris