Introduction
Entendre is a cutting-edge AI accounting platform designed to cater to the needs of Web3 teams. It offers a comprehensive suite of features that automate and expedite the setup of accounts, eliminate manual financial processes, and provide real-time analytics through natural language capabilities. The platform integrates seamlessly with any ERP, ensuring reliable and streamlined financial operations. Entendre's user interface is designed for intuitive navigation, allowing users to efficiently manage month-end bookkeeping processes and automate calculations such as impairment, gain/loss, and mark-to-market. The platform's bulk configuration feature enables swift adjustments, while its multi-entity and multi-currency capabilities, along with custom tagging, offer tailored flexibility to adapt to the dynamic Web3 environment.
background
Entendre Finance, Inc., the company behind the Entendre platform, is dedicated to accelerating the adoption of Web3 technologies by automating on-chain financial operations. With a mission to empower businesses to focus on innovation, Entendre has secured funding from notable investors such as BasisSet, Caffeinated, and Moonpay. The platform's development is underpinned by a robust understanding of the Web3 landscape and the specific challenges faced by businesses operating within it.
Features of Entendre
Journal Entry Automation
Automates every transaction for every wallet, ensuring complete record-keeping.
Reconcile Balances
Provides full visibility into all balances on the balance sheet and profit and loss.
General Ledger Sync
Integrates every record at an aggregate or individual entry level for comprehensive tracking.
Month-End Closures
Reduces the time to close the books by 90%, streamlining financial reporting.
Automated Calculations
Includes impairment, gain/loss, mark to market, and more, all automated for efficiency.
Bulk Configuration
Enables rapid changes using AI, simplifying adjustments to bookkeeping processes.
Traditional Statements
Offers standard financial statements such as income statements, balance sheets, and trial balances.
Audit Proof
Tracks balances from any chain to the general ledger entry, ensuring audit readiness.
AI Insights
Utilizes natural language for financial analysis, eliminating the need for SQL or spreadsheets.
Multi-Entity Support
Automates accounting across subsidiaries and manages inter-company financial flows.
Multi-Currency Viewing
Allows viewing of balances in any fiat currency, accommodating global operations.
Custom Tagging
Increases interoperability with other systems through customizable tags.
How to use Entendre?
To use Entendre, begin by integrating it with your existing ERP system. Configure your accounts and set up automated tasks. Utilize the platform's AI capabilities to analyze financial data in real-time. Close your books at month-end with a fraction of the time and effort, and generate traditional financial statements as needed.
Innovative Features of Entendre
Entendre's innovation lies in its ability to seamlessly integrate AI with crypto accounting, offering a user-friendly interface that simplifies complex financial operations and provides insights through natural language processing.
FAQ about Entendre
- How do I set up my accounts with Entendre?
- Integrate Entendre with your ERP and use the bulk configuration feature to set up accounts quickly.
- How can I automate my month-end processes?
- Utilize the month-end closures feature to reduce the time required to close the books significantly.
- Can I track transactions in real-time?
- Yes, with journal entry automation, every transaction for every wallet is accounted for in real-time.
- How do I generate financial statements?
- Traditional statements such as income statements and balance sheets are available out of the box.
- Is Entendre audit-proof?
- Yes, the platform tracks balances from any chain to the general ledger entry, ensuring audit readiness.
- What is the starting price for Entendre?
- Pricing details are not specified, but you can contact Entendre for a tailored quote.
Usage Scenarios of Entendre
Web3 Accounting
Entendre is ideal for Web3 businesses looking to streamline their accounting processes.
Cryptocurrency Management
Use Entendre to manage and automate transactions across various cryptocurrencies.
DeFi Platforms
Integrate Entendre with DeFi platforms for enhanced financial tracking and reporting.
Auditing and Compliance
Ensure your financial records are audit-ready with Entendre's comprehensive tracking and reporting features.
Global Financial Operations
Manage multi-currency transactions and subsidiaries with ease using Entendre's flexibility.
User Feedback
Users report that Entendre's interface is intuitive, making it easy to navigate and use even for those unfamiliar with AI tools.
Feedback highlights Entendre's seamless integration with various ERP systems and its ability to automate tasks across different platforms.
Customers appreciate the significant time savings due to automated month-end closures and bulk configuration features.
Praise for the real-time financial analytics feature, which allows for quick decision-making based on up-to-date information.
Positive remarks on the responsiveness and effectiveness of Entendre's customer support services.
others
Entendre has positioned itself as a key player in the Web3 financial ecosystem, offering a robust solution that addresses the unique challenges of digital asset management. The platform's commitment to innovation and user satisfaction is evident through its continuous updates and active engagement with its user community.
Useful Links
Below are the product-related links, I hope they are helpful to you.