Welcome to the Bitwave Current 🌊
Today, we’re bringing you an extra-special edition – straight from the Enterprise Digital Asset Summit (EDAS)! When Bitwave CEO Pat White took to the stage in Nashville, you could feel the excitement in the air. Catch up below on all the new product announcements.
What We Announced at EDAS – Bitwave 2.0 and Data Fusion
📣 Bitwave 2.0: Experience the upgraded, evolved version of Bitwave! With a fully redesigned user interface, you can expect bigger data capabilities and faster solutions. But what truly sets Bitwave 2.0 apart is its real-time collaboration feature, keeping your team connected and engaged.
📣 Bitwave Data Fusion: Get ready for the next generation of institutional financial data processing. With Bitwave, you can precisely and efficiently work with your data from any source – no matter the complexity of your calculations. Quickly transform your financial data into actionable insights.
Introducing Bitwave 2.0: “An entire re-build of our data layer”
What’s Bitwave 2.0? An all-new platform version built from the ground-up to enable Speed, Efficiency, and Collaboration.
- Real-time capabilities for remote team collaboration
- Reconfigured data layer built to manage billion-transaction orgs
- Fully redesigned user interface for faster report deliveries on Balance Reports, Journal Reports, and more
Ready to see Bitwave 2.0 in action yourself? Schedule a demo and activate your sandbox today!
“As you scale to a billion-transaction org, your reporting has to scale with it. You can’t be sitting around for five hours waiting for reporting.” - Bitwave CEO & Co-Founder Pat White
DEMO: NEW Dashboard, Transaction Screen & Activity Page
Bitwave ensures you're ready for your next stage of growth with capabilities that scale with you.
- Faster in-line categorizations with a re-built transaction screen and sidebar function
- Enhanced filter capabilities to enable quicker results – filter by amounts, to/from addresses, status, and more
- Enterprise data visualizations with third-party software integrations (like Tableau)
- Effortless, real-time collaboration with in-line transaction commenting, change tracking, and file attachment capabilities
“Because we’ve re-built our reporting infrastructure, we can show incredibly complex, customizable dashboards that can be built across billions of transactions.” - Bitwave CEO & Co-Founder Pat White
DEMO: NEW Bulk, In-Line Transaction Syncing & Reconciliation
With a-sync and real-time workflows, you can perform faster categorizations and syncing.
- Meet the fully-upgraded reconciliation page for (even) faster workflows
- Bulk syncing is now available – up to 5,000 transactions from the Categorization page
- Real-time notifications display the syncing progress – from “Discovered” to “Priced,” “Categorized,” “Syncing,” and “Synced”
“Instead of waiting for a page of transactions to reconcile, you can do it all at once – 5,000 at a time.” - Bitwave CEO & Co-Founder Pat White
Introducing: Data Fusion - “Enabling Accountants as Data Scientists”
Bitwave Data Fusion delivers institutional data processing – it’s your data, your way. Data Fusion is built on a three-step foundation:
- Aggregate your data sources for a comprehensive view across databases, exchanges, ledgers, warehouses, and more
- Process your data into a usable format and enrich it with internal order IDs, pricing data, or pre-tagged transaction info
- Execute accounting workflows by seamlessly bringing the processed data into Bitwave
With Data Fusion, you can configure a complex calculations and review the precise results at each step. This allows for a completely transparent, downloadable, and auditable dataset – no matter the complexity of the calculation.
The best part? The processed data can be automatically fed into Bitwave to activate your accounting workflows. Just set the frequency of the transfer – hourly, daily, weekly – and you’re done! This flexibility puts you in control of your data processing.
Take a look at the above demo for processing SAB 121 reports!
“One of the powers of Data Fusion is the transparency of the journey” - Bitwave Chief Customer Officer Ore Philips
Want More EDAS Action?
Last week, Bitwave brought together more than 150 CFOs, CPAs, bookkeepers, and audit professionals for EDAS 2024, the on-chain finance event of the year. And, we’ve published the sessions – FREE.
Check out the powerful panels and insightful discussions from Coinbase, Offchain Labs, Hedera, Magic Eden, Google, Deloitte, KPMG, EY, PwC and more. (HINT: We’re posting these for on-demand CPE on BitwaveU in the coming weeks…)
That's all for today's edition of The Bitwave Current. But we're still right here for you. Want ballpoint pen recommendations? Book reviews? Or, you know... want to ask a question about the Bitwave platform?
Reach out anytime at info@bitwave.io – we'd love to hear from you!
Disclaimer: The information provided in this blog post is for general informational purposes only and should not be construed as tax, accounting, or financial advice. The content is not intended to address the specific needs of any individual or organization, and readers are encouraged to consult with a qualified tax, accounting, or financial professional before making any decisions based on the information provided. The author and the publisher of this blog post disclaim any liability, loss, or risk incurred as a consequence, directly or indirectly, of the use or application of any of the contents herein.
