Case Study: US IT Manufacturer streamlines intercompany accounting with Virtual Trader

US IT Manufacturer closes books faster and improves working capital with Virtual Trader

The customer, a US-based global IT manufacturer, faced complex intercompany accounting challenges due to its multinational operations, multiple ERP systems from M&A activity, and disparate order and supply chain management applications. This led to reconciliation difficulties, inaccuracies, and delays in its financial close process. To gain control and automate these processes without costly customization, the company turned to Virtual Trader for a centralized solution.

Virtual Trader implemented its intercompany engine, Manual Journal Entry, Reconciliation, and subledger modules to automate the creation, reconciliation, and settlement of intercompany transactions. This provided a single view of intercompany activity, supported a shared service center operation, and drove timely settlement to improve working cash. As a result, the customer was able to close its books quicker at period end and free up valuable working capital.