EVM-based Layer 1 blockchain Flare is collaborating with Rationarium, a SAAS accounting Web 3 solution provider for Web 3 enterprises, aiming to integrate its systems within Flare Network business operations. The partnership will see Rationarium provide the world’s first full-stack cloud enterprise solution for the company, providing solutions in managing grants, accounting, finance, tax, HR, expense management and payroll.
The London-based SAAS accounting firm launched in 2022 to serve Web 3 enterprises including blockchain protocols, exchanges, digital asset brokerages and startups with a one-stop-shop for all their SAAS accounting solutions. The Rationarium platform frees businesses from needing to maintain enterprise accounts from multiple providers, instead offering a single user-friendly platform. It consolidates on-chain and off-chain transactions into a single ledger via irs crypto-native Enterprise Resouce Planning (ERP) platform.
The ERP platform also includes customizable accounting and tax modules, allowing Web 3 companies to tailor their solutions according to their needs. Speaking on the latest partnership with Flare, Rationarium Founder and CEO, Amaan Jalwa said,
“With Rationarium, Flare will be able to streamline the management and record-keeping for their operations in both fiat and crypto. In particular, we have worked closely with the Flare Ecosystem Team to build a bespoke grant management platform for Layer 1 protocols to better administer the grants process.”
Crucially, Flare will utilize Rationarium’s purchase ledger and treasury function which will allow Flare to process data and transactions in both fiat and crypto. Additionally, Flare will integrate solutions designed to process grants and token management. Employees, suppliers and contractors will also be able to process their transactions on Ratinarium’s expense management and payroll platform and get paid in fiat or crypto.
Flare Network is a layer 1 blockchain that provides a decentralized oracle service to Web 3 projects and blockchain projects, allowing them access to high-integrity data from other chains and Web 2 sources. Recently, the project announced the integration of its API portal on Google Cloud Marketplace, joining a line of prominent blockchains including Bitcoin, Dogecoin, Ethereum, Algorand, BNB Smart Chain, and XRP Ledger. This will provide trustless blockchain data from Flare nodes and connected chain nodes to a large pool of developers and users of the software products and services platform.