New SuiteApp for crypto accounting and tax meets Oracle NetSuite SuiteCloud development standards and best practices
Bitwave, a leading digital asset platform designed to manage the intersection of cryptocurrency tax, accounting, and compliance, today announced that its SuiteApp has achieved ‘Built for NetSuite’ status. The new SuiteApp, built using the Oracle NetSuite SuiteCloud Platform, helps organizations streamline and automate their crypto accounting and tax needs by reckoning their digital assets within NetSuite.
“We are thrilled to align with Oracle NetSuite to help companies with digital asset finance,” said Pat White, CEO, and Co-Founder of Bitwave. “Businesses can now fully tap into the financial opportunities that decentralized finance offers within NetSuite by streamlining the process of reconciliation in just a few clicks.”
With Bitwave for NetSuite, organizations will no longer need to go through various channels to manage their accounting needs for digital assets – it can all be automated directly in NetSuite. This helps companies that donate, accept payments, or pay their employees in digital currency to remain compliant.
“Every digital asset transaction is an accounting and tax event,” said Guido Haarmans, GVP, SuiteCloud Developer Network and Partner Programs, Oracle NetSuite. “This new SuiteApp extends our robust solution for digital asset finance and will help NetSuite customers track and account for all transactions accurately and efficiently.”
Built for NetSuite is a program for NetSuite SuiteCloud Developer Network (SDN) partners that provides the information, resources, and methodology required to help partners verify that their applications and integrations meet NetSuite standards and best practices. The Built for NetSuite program is designed to give NetSuite customers additional confidence that SuiteApps, like Bitwave, have been built to meet these standards.
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