Case Study: Harris achieves automated P&L-based inventory accounting and markup breakout with Virtual Trader Intercompany Engine

Harris - Customer Case Study

Harris, a global communications and information technology company with about 14,000 employees and roughly $5.5 billion in annual revenue, needed to move its inventory accounting from a Balance Sheet to a Profit & Loss approach and to break out the markup element of each posting to separate designated accounts. Standard Oracle did not provide this functionality, forcing Harris into time-consuming, error-prone manual calculations that complicated the monthly close and led the company to seek a proven third‑party solution rather than costly Oracle customization. Virtual Trader was selected as a candidate to address this gap.

Harris implemented the Virtual Trader Intercompany Engine to automate the breakout and posting of markup and cost elements. Virtual Trader eliminated the manual process, reduced month‑end close complexity and reliance on IT, and delivered faster, lower‑risk functionality than a custom build. The solution also generated compliance with international transfer‑pricing regulations and provided improved global inventory analysis at standard cost, giving Harris greater accounting flexibility and lower operational overhead.

Harris