New integration with Sage Intacct enables joint customers to seamlessly account for digital asset transactions such as AP and AR cryptocurrency payments or revenue events
Bitwave, the first enterprise-focused digital asset platform designed to manage the intersection of cryptocurrency tax, accounting, and compliance, announces today a new affiliation with Sage, a leader in accounting, financial, HR, and payroll technology for small and mid-sized businesses (SMBs). Bitwave is now an approved Sage Intacct Marketplace Partner and integrated with the Sage Intacct cloud financial management system.
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“We’re pleased and excited to work with the Sage Intacct team,” said Pat White, CEO and Co-Founder of Bitwave. “As a Sage Intacct Marketplace Partner, we’re here to support enterprises and large businesses as they begin their journey into digital assets, and the enormous potential they hold.”
As a Sage Intacct Marketplace Partner, Bitwave now offers a certified integration with Sage Intacct to address tax and accounting management for any organization bringing cryptocurrencies or digital assets onto their books. These emerging currencies and assets bring with them new and evolving compliance and regulatory responsibilities that require enhanced capabilities from accounting and financial systems of record. The combination of Bitwave and Sage Intacct provides users with the capabilities and confidence they need to unlock the opportunities associated with this new asset class.
Amy Kalnoki, COO and Co-Founder of Bitwave, will discuss these opportunities in her presentation, “The Digital Asset Finance Revolution, How Businesses Benefit from Crypto,” during Sage Transform 2022, October 10-14, Orlando, Florida.
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“A recent Sage survey of finance executives showed that there is enormous interest in cryptocurrencies, with one in five respondents saying their company already accepts digital currencies and an additional 33% planning to start accepting it for payments in the next year,” said Melody Williams, Sage’s Head of Business Development for Sage Intacct. “This new integration will enable our joint customers to more easily account for and pay taxes on cryptocurrencies, NFTs, DeFi, and other digital assets.”
“Financial technology is a growing marketplace and field, now expanding to accounting and tax management,” said White. “We look forward to working with Sage Intacct’s array of clients, to help solve the distinctive business challenges that come with implementing digital assets in enterprises, including handling complex issues like impairment, token based liability tracking, and more.”
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