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Home NetSuite Apps Suiteapp Hybrid Fortris Digital Asset Treasury
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Compliance Brazil TAX Solution

Fortris Digital Asset Treasury

Status: Unverified

Fortris brings enterprise digital asset treasury operations to NetSuite. Send and receive payments at scale, automate accounting and tax workflows, and keep a detailed record of every single transaction.

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Categories: Hybrid, NetSuite Apps, Suiteapp
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  • Description
  • FEATURES
Description

Operationalize Digital Assets

The Fortris SuiteApp is a bridge between the world of digital assets and traditional government-issued currencies such as USD. Combine the innovative qualities of digital assets (such as truly borderless payments and enhanced transparency) with NetSuite’s powerful accounting, tax and compliance workflows, to incorporate digital asset technology into the heart of your business.

Key Benefits

Enhanced governance: configure Fortris to match your existing organizational structure. Manage multiple subsidiaries, user groups, and roles. Use Fortris to effortlessly assign all your digital asset transactions to your NetSuite chart of accounts, for easy tracking and categorization of payments. Generate custom reports at the touch of a button or run automated journal reports to seamlessly integrate with the rest of your accounting processes.

Fortris Helps Organizations Innovate with Digital Assets

Fortris seamlessly integrates digital assets into enterprise business. Using cryptocurrency as an operational asset is hard to impossible for most organizations. While the benefits are clear, actually implementing current solutions involves adding more complexity to already robust platforms. Fortris avoids these problems with its flexible “Crypto ERP” and integrates directly into existing systems to enable a single reporting view of an entire business’s operations.

FEATURES

Real-time visibility

Track incoming and outgoing digital asset transactions in real time, for complete visibility of your overall position.

Automated accounting

Configure your financial reports to meet US GAAP and IFRS requirements, including the proposed US Accounting Standards Update to fair value accounting for crypto assets.

Save time on reconciliation

Automatic labelling on all transactions makes reconciliation faster and less labor-intensive.

Simplified tax workflows

Built-in cost basis and exchange rate tracking, along with built-in transaction labelling, simplifies reporting for tax purposes.

Analysis and projections

Use the granular data provided by the Fortris system to optimize cashflow analysis and create more accurate financial projections.

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