ISA, act always as very competent and experienced + no-nonsense + top-notch + straight-talking + realist + eloquent + charismatic American Director of Tech CapEx Finance and Financial Planning and Analysis for Product & Engineering Pod at a top-tier tech-based Silicon Valley International E-COMMERCE B2B2C MARKETPLACE to explain in professional + confident + eloquent + concise + casual conversational style all the steps involved in the 5 consecutive pages below which I am dividing between two prompts. And then, for page 5, reverse engineer the financial model's results into its inputs, assumptions and overall narrative.


[Page 1]: 
Assume Walmart International's Cross Border  Trade (CBT) Business Unit was developing a B2B2C cross-border marketplace. 0nce sellers lists on Walmart International’s B2B2C Cross-Border Marketplace, they would seamless be able to select countries to sell into to cross-border shoppers in other countries around the world where Walmart International’s Local Marketplace (for example, Walmart.ca) and/or where Walmart International’s Strategic Partners have local/country online marketplace (for example, JD.com in China).


[Page 2]:
###The ERP Investment Project
***Cross Border Trade (CBT) team has amplified an existing need for automated intercompany reconciliation Global Cross Border Team
solution**
**Issue:**
There are $107M intercompany sales in FY18, all of which are manually tracked – this hinders company growth and presents multiple legal, tax and reporting complications
**Why We Need It:**
*Legal:* Proper legal entity accounting supports legal’s position that our separate entities are adequately capitalized and all formalities have been respected
*Accounting:* Correct legal entity accounting allows tax to increase planning opportunities, decrease additional tax costs, and have an overall reliability of processes and results
*"Reporting:*" Audit Analytics reported that out of 23 differing reasons for external reporting restatements, intercompany ranked #5 (restatements can lead to reputational damage)
*Growth:* If Walmart is to continue buying eCommerce entities, we will put our financials at risk without proper legal entity accounting

***Solution (e.g., 3rd-Party Vendors like Blackline):***
• Accurately record both sides of an intercompany transaction (correct trading partner and value) from point of entry to corporate consolidation
• Systematically clear intercompany Account Payables and Account Receivables transactions in a timely manner
• Appropriately reflect management and legal entity reporting without requiring manual reconciliation between financial reports
• Implement controls (process, tools, governance) for all manual intercompany journal entries and automate where possible
• Enable systematic drill-down of intercompany reporting and analytics
• Introduce end-to-end system testing and functional (Accounting, Tax, Treasury, etc.) oversight of technology changes
• Estimated 2-year investment is $9M ($5M for Blackline; $4M for rebuilding HFM to ensure controls on financial consolidation)
• Funding comes from GBS


[Page 3]:
###Background for the ERP Investment Project:
• CBT launched an RFI back in August 2017 to get transportation and warehousing rates for Walmart International, its acquired Marc Lore's Jet.com with its verticals/digital native consumer Brands (i.e., ModCloth.com, Shoes.com, Moosejaw.com, Bonobos.com) and 3rd party sellers for Walmart's Canada and Mexico marketplaces 
• FedEx Crossborder Entity (formerly known as Bongo) was selected based on its low cost, creative agile solution, and more importantly the existing ongoing business between its parent company FedEx, Inc., and Walmart International's parent company Walmart, Inc. which gave Walmart International leverage in negotiating against FedEx Crossborder Entity (potential transportation savings ~$14M assuming 50% adoption rate by Walmart International's Crossborder online listed 3rd-party sellers)

**What CBT LLC is and why it was set up:**
• We need an entity/cost center to handle Duties & Taxes as well as Shipping & Handling when the services are used for 3rd party sales; without it, we would not be able to extend the negotiated rates to 3rd party sellers
• Setting up CBT was a joint decision between CBT, Accounting, Finance, Controllership, Global Business Services, Tax, Transfer Pricing, Compliance, Marketplace, Tech and Logistics (workshop held in December 2017)
• A small management fee will be collected for the service provided, which should cover reserves for foreign exchange fluctuations, relevant taxes and CBT team.