Cryptocurrencies have rapidly grown in popularity and continue to achieve more mainstream adoption, with many experts calling it the fastest growing digital technology since the internet. The beloved buzzword of the technology world has undoubtably shaken up the financial landscape, and is likely to be one of the most disruptive forces in technology trends over the coming years.
If you are a crypto or blockchain company, it is essential to get the right system in place from the start. NetSuite will facilitate rapid growth and be flexible enough to evolve and support innovative business models as your company develops. As a cloud-based ERP, NetSuite enables business leaders to concentrate on growing without worrying if the system will scale enough to keep up.
Implementing NetSuite enables crypto companies to maintain high levels of operational controls and manage global operations and multi-subsidiary locations with ease and efficiency. The cloud business management suite will meet precise unique needs with a single, powerful application.
NetSuite & TaskCoin© for Cryptocurrencies
Elevate2 have developed TaskCoin©, which extends the capabilities of NetSuite. It provides flexible multi-currency functionality that supports cryptocurrencies with up to 8 decimal places. TaskCoin© allows businesses to accept and make payments in different fiat currencies as well as any cryptocurrency. This gets round the standard NetSuite limitation of having to pay invoices in the currency that they were issued in, and it also allows the accurate capture of transactions to the correct decimal precision when receiving or making payments using crypto currencies, avoiding the potential issue of inaccurate rounding of transactions to the standard 2 decimal places that most accounting systems default to.
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Work in collaboration with our skilled resources and gain your competitive edge with a single, powerful application to meet the unique needs of financial service businesses.
