PYUSD Accounting with Bitwave: The Future of Tokenized Finance

As the world of finance embraces tokenized cash and programmable payments, forward-thinking finance leaders face a new challenge: how to manage and account for on-chain stablecoin activity within the framework of traditional financial systems. Enter Bitwave—the only enterprise-grade solution that combines full GAAP/IFRS compliance, ERP integration, and on-chain payments in one seamless platform.

Why Bitwave Is the Enterprise Standard for Stablecoin Accounting

Finance teams require more than just a blockchain tracker—they need a robust, auditable, real-time subledger that works with their existing ERP systems. Bitwave delivers exactly that, and more:

✅ Proven Reliability, Trusted by the Market

• Rated 4.8/5 stars on G2 from 28 verified reviews.
  
• Recognized as a “High Performer” (Winter 2023) and “Momentum Leader” (Winter 2024) by G2.
  
  

🔗 Extensive Blockchain & DeFi Coverage

• Supports 70+ blockchains and DeFi protocols, automating data ingestion, valuation, and reconciliation.
  
• Guarantees no on-chain activity goes unrecorded.
  
  

📘 Built-In GAAP & IFRS Compliance

• Native support for key standards:
  
  • ASC 820 (Fair Value)
    
  • ASC 815 (Derivatives)
    
  • Mark-to-Market, Impairment, and HIFO methodologies.
    
• Generates detailed journal entries and audit trails for transparency and audit readiness.
  
  

🔄 Seamless ERP Integration

• Bi-directional connectivity with:
  
  • Oracle NetSuite
    
  • Sage Intacct
    
  • QuickBooks
    
  • Xero
    
• No more manual exports—subledger syncs directly with your general ledger.
  
  

💸 Enterprise-Grade On-Chain Payments

• Integrated with Coinbase Prime via Bitwave Enterprise Payments.
  
• Enables:
  
  • Governed approval workflows
    
  • KYB for vendor wallets
    
  • PYUSD, USDC, and USDT invoicing with dynamic pricing.
    
    

💰 Real, Quantified Cost Savings

• 80% lower cross-border fees—e.g., reducing $4,000 to ~$500 on a $100K payment.
  
• Near-instant settlement times: minutes instead of days.
  
  

🏢 Proven Performance at Scale

• Used by public companies like Coinbase for PYUSD invoicing.
  
• Enabled PayPal’s PYUSD payment to EY.
  
• Deployed in active operations for over six months, optimizing procure-to-pay workflows.
  
  

🤝 Strategic Partnership with Deloitte

• Joint go-to-market with Deloitte Tax LLP.
  
• Automates audit-ready data flows and processes.
  
• Based on insights from 400+ enterprise clients, per CEO Patrick White.
  
  

Why Bitwave Outpaces the Competition

🚫 Tax Tools ≠ Full Subledger Platforms

Competitors like Cryptoworth, SoftLedger, TaxBit, Xapo Wallet, and Tres Finance focus on narrow use cases such as tax reporting or custody—with limited unified AR/AP or subledger solution.

🧩 Insufficient Blockchain Support

Most competitors support fewer than 10 chains and rely on manual CSV uploads. Bitwave automates across 70+ chains.

🔁 Lack of Embedded Payments

Other platforms stop at reconciliation. Only Bitwave offers end-to-end invoice issuance, execution, and remittance in one system.

⚙️ ERP Gaps

Alternatives often require middleware or manual syncing. Bitwave ensures automated, bi-directional ERP data flows.

📉 Partial Compliance Frameworks

Tools like TaxBit specialize in tax, while Xapo focuses on custody. Bitwave is the only solution to unify subledger, compliance (ASC 820/815, IFRS), and SOC 1/2-audited processes in a single SaaS suite.

Designed for Expert Finance Teams

Bitwave isn’t just another crypto tool—it’s a stablecoin-native subledger and payments platform designed for:

• Rigorous financial controls
  
• Automated month-end close
  
• Real-time visibility into stablecoin flows like PYUSD, USDC, and USDT
  
  

See Bitwave in Action: Book a Demo

Experience how Bitwave can revolutionize your finance operations:

1. Live blockchain ingestion from your preferred networks
   
2. Automated invoice-to-ledger workflows in NetSuite, Intacct, or QuickBooks
   
3. On-chain B2B payment execution via Coinbase Prime

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