Flare and Rationarium announce partnership to revolutionize Web3 with comprehensive ERP solution

Blockchain for data company Flare announced on Friday a new strategic partnership with Rationarium, the world’s first full-stack cloud enterprise solution provider for web3. 

This collaboration will result in an advanced enterprise resource planning (ERP) solution, offering an array of cutting-edge features to enhance operational efficiency and financial management within the web3 ecosystem.

Rationarium specializes in assisting web3 and blockchain companies by consolidating both off-chain and on-chain transactions into a unified ledger. Its crypto-native ERP solution includes customizable accounting and tax modules, empowering clients to tweek the software according to their specific requirements.

Flare to integrate Rationarium’s solutions

As part of the partnership, Flare will integrate Rationarium’s suite of solutions to optimize various aspects of their operations. This includes grant management, accounting and finance, tax compliance, human resources, expense management, and payroll services. 

By leveraging Rationarium’s purchase ledger and treasury function, Flare will be able to process data seamlessly in both fiat and cryptocurrency. Additionally, Flare employees and contractors will have the convenience of utilizing Rationarium’s platform for processing expenses and receiving payments in either fiat or crypto.

Amaan Jalwa, founder and CEO of Rationarium, stated: 

“With Rationarium, Flare will streamline the management and record-keeping for their operations, irrespective of whether they deal with fiat or crypto. We have worked closely with the Flare Ecosystem Team to develop a customized grant management platform for Layer 1 protocols, enhancing the efficiency of the grants process.”

Flare’s EVM-based Layer 1 blockchain aims to unlock the full potential of blockchain technology by providing decentralized access to high-integrity data from other chains and web2 platforms. This groundbreaking infrastructure allows for the creation of innovative real-world use cases and decentralized applications, optimized for both enterprise and consumer adoption.

The partnership between Flare and Rationarium represents a significant milestone in the advancement of web3 solutions. By harnessing the power of Rationarium’s ERP expertise and Flare’s robust Layer 1 protocols, businesses operating within the web3 ecosystem can look forward to enhanced operational efficiency and streamlined financial management processes.