Cryptocurrencies and NFT Assets continue to make headlines and be front of mind for many businesses. The old model ERPs are fantastic for manufacturing and other companies with real COGS….
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Cryptocurrencies and NFT Assets continue to make headlines and be front of mind for many businesses.
The old model ERPs are fantastic for manufacturing and other companies with real COGS….
….but this is what it can’t do – provide granular, transaction based unit economics for new digital businesses where understanding Customer Acquisition Cost and Customer Profitability is critical [insurance, banking, crypto, Web3 platforms etc]
As a result, we have to rethink the way finance systems are built from the ground up to manage large volumes of granular transactional events and data to enable this complex picture to be developed for management
Join experts from insightsoftware and a leading Fintech advisory as we explore a clear path to account for these new assets, designing appropriate trading and accounting data models and ensuring your firm is prepared for future regulation.
The Agenda Includes:
- Introducing and FastPost and use cases in Crypto and Digital assets
- Understanding digital use cases and requirements
- Discuss traditional finance and accounting system approach for exchanges, banking
- Explain why this is sub optimal from the following perspectives
- Key Cost driver management
- Regulatory & Financial Compliance
- Agility and cost
- How FastPost solves these issues with
- Event based rules approach
- Standard data models
- No-code finance accounting rules engine
- Granular, structured accounting result in sub-ledger
- Full auditability and traceability
On-Demand Webinar
