Trading Relationships
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Trading Relationships

Supports the application of business rules based on the nature of the trading relationship rather than specific company definition. Reduces setup and maintenance for large organizations.

Simple & Multi-Tier IC Activity

As well as simple intercompany activity, Virtual Trader supports intercompany activities that contains multiple intercompany steps or tiers.

No restriction on the network of such hierarchies. Can support finance channels, sell through organizations, Parent/child structures, HUB companies, agencies, IP owners etc.

No restriction on the type of transactions that can pass through a hierarchy e.g. services and intellectual property.

Pricing Methods, Ladders & Formulas

Provides Pricing Methods that support common or client specific transfer pricing methodologies.

These can be based on basic cost plus mark-up or price less discount and variations, or incorporate Formula Sets that can build up complex calculations in a similar way to spreadsheet formulas.

Pricing Ladders allow the evaluation of preferred pricing where pricing options are available.

Currency Control

Evaluate preferred intercompany currency and currency exchange rate type.

Allows controlling the entered currency of intercompany liabilities and assets independently from the currency of the underlying trade transaction.

Allows control of the currency in which settlement of intercompany liabilities is made.

Rule Based Accounting

The accounting produced by Virtual Trader is not pre-defined, and the client can define all aspects of the accounting to be produced though business rules.

Cost Plus Accounting

Supports the re-imbursement of subsidiaries based on accumulated monthly costs and revenue amounts taken from General Ledger. This is often referred to as ‘cost plus’.

More complex subsidization calculations can be supported through Formula Sets.

Operates on a YTD basis.

Actual, or forecast and true-up in arrears supported.

Intercompany Sub-Ledger & Settlement

Option to maintain an independent intercompany sub-ledger of record within Virtual Trader.

This provides a number of features
• Point of reconciliation and audit with GL
• Short & long term classification
• Intercompany interest
• Settlement, re-assignment, sweep to loan etc.

IC Tax Evaluation

Can evaluate intercompany tax requirements directly, or can defer to Oracle tax management or link with 3rd party tax engines.

Can create accruals for withholding tax against the receivable, and deduct withholding tax on settlement.

IC Invoicing & Numbering

Provides an intercompany invoice through Oracle Batch Job Submission, and attendant output format options

Can be single invoice or consolidated invoice listing style.

Client controlled layout through BI Publisher.

Invoice number sequences by company, and by Tax Registration in the EU.