Matrix Exchange Builds a Custom Crypto Accounting Solution With Softledger
Facing the challenge of identifying suitable accounting software, Matrix quickly realized that traditional solutions lacked the necessary functionality to handle crypto transactions.
They turned to SoftLedger, adopting their custom crypto accounting solution to manage all their cost bookings, client transactions, and crypto assets.
About Matrix Exchange
Matrix, a leading virtual asset exchange and custodian based in Abu Dhabi, has quickly gained prominence since its launch in May 2021. With a focus on providing a secure and reliable platform, Matrix has responded to the increasing demand for safe crypto exchanges.
Driven by their mission to be the most trusted gateway into virtual assets, Matrix aims to establish a global client base by offering exceptional cold storage and risk management systems.
The Problem
Matrix wasn’t sure what kind of accounting software they needed in the beginning and basically began with a blank slate. The crypto space is new, and requires constant revaluation and fine-tuning to manage. They realized early on they wouldn’t be able to use a traditional accounting software because they all lacked a robust crypto functionality.
Without this capability, Matrix had to rely on employees to manually manage their crypto assets – a daunting task given the volume of virtual assets involved.
The SoftLedger Solution
To address these issues, Matrix turned to SoftLedger, adopting their crypto accounting software shortly after launch. The user-friendly nature of SoftLedger proved highly beneficial for Matrix’s employees, who found it intuitive and comprehensive.
Matrix also came to value SoftLedger’s flexibility, as the software provider offered priceless assistance in optimizing the platform to suit their specific business needs. The collaborative approach resulted in effective troubleshooting and prompt customer support.
As SoftLedger continues to enhance its platform based on customer feedback, Matrix can rely on their reliable and responsive customer support team for full-service assistance. With the seamless integration of SoftLedger, Matrix has gained a robust accounting solution tailored to the unique demands of the crypto space.
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