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Business Activity
Based on the west coast of America, this multinational corporation is a market-leading innovator of lighting-class LEDs, LED lighting, and semiconductor solutions for wireless and power applications.
The Challenge
The client’s overarching challenge was to replace existing customizations and extend its Oracle EBS functionality to embrace organizational changes, including a new manufacturing location in China and distribution centers throughout the world.

More specifically, corporate expansion generated challenges in the creation of intercompany accounting at the point of Oracle inventory transfers, including intercompany within an Operating Unit. There was also a requirement for invoice printing in a multi-tier intercompany environment while maintaining flexible Transfer Pricing capability on all transactions. In addition, there were challenges in the tracking, reconciliation, and settlement of intercompany balances.
The Solution
The solution was to deploy the Virtual Trader Intercompany Engine to automate all intercompany transactions and accounting adjustments directly into GL (bypassing Oracle AR and AP modules).

The client also deployed the Virtual Trader Intercompany Settlement module to automate its reconciliation and settlement processes.