Acctual allows companies to handle their accounts payable (AP) and receivable (AR) processes in crypto and fiat currencies, providing a seamless experience for crypto-native and traditional finance users.

This Project Highlight is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform. 

Problems with Traditional Accounts Payable and Receivable

Traditional accounts payable and receivable systems suffer from inefficiencies, high costs, frequent errors, and a lack of transparency. Manual processes and outdated systems cause delays, while transaction fees and currency conversions drive up costs. Human errors and fraudulent activities are also common, making the system prone to mistakes.

However, with Acctual's blockchain-based system, these concerns can be significantly reduced. The system automates processes, reducing the potential for human errors and fraudulent activities, and offers lower transaction fees and full transparency, providing much-needed relief from anxiety and uncertainty.

Key Features of Acctual

Acctual offers several core features that enhance how businesses manage crypto operations. These features simplify complex processes and provide security and confidence in financial management.

Here’s what sets Acctual apart:

• Automated Invoice Matching ensures seamless linking of payments to invoices, reducing manual tracking.

• Error Prevention helps avoid common mistakes by detecting duplicates and streamlining approvals.

• Collaboration Tools allow teams to manage payments from a single platform.

• Compliance and Security safeguard transactions by filtering risky wallets.

• Vendor Flexibility enables payment without requiring vendors to create accounts, making the process easier for all.

• Integration with Accounting Software: Seamlessly syncs with systems like QuickBooks and Xero, keeping all financial data organized and up to date.

How to get Started with Acctual

To get started with Acctual and handle bills, here’s how you can send and pay them:

Accounts Payable

1. Sign Up and Connect Wallet: Create an account and link your wallet.

2. Import or Create an Invoice: Go to "Pay a Bill" and either upload an invoice or create one.

3. Select Wallet: Choose your wallet for payment. You can also select a Safe! Just connect your signer wallet.

4. Approve and Complete Payment: Review and confirm the payment details.

5. Automatic Matching: Acctual automatically links payments to invoices.

Accounts Receivable:

1. Create a New Invoice: Navigate to the "Send Invoices" section.

2. Enter Details: Input the recipient’s information, amount, and due date.

3. Send: Submit the invoice to the recipient via email or crypto address.

4. Track Status: Monitor the payment status within the Acctual platform.

Both processes are designed to be seamless and efficient, making managing accounts payable and receivable easy. For a comprehensive walkthrough, you can view video tutorials for each process: Accounts Payable and Accounts Receivable. These videos provide step-by-step guidance to ensure a smooth Acctual platform experience.

Conclusion

Acctual provides a solution for managing accounts payable and receivables. By automating invoice management, reducing errors, and offering secure blockchain transactions, Acctual simplifies financial processes for businesses. With features like automated invoice matching, collaboration tools, and compliance measures,Acctual ensures an efficient, transparent, and secure experience. Whether you are sending or paying bills, the platform streamlines the process, making it a valuable tool for businesses operating in the evolving landscape of crypto finance.

FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

Alongside its core features, HQ.xyz has established a significant presence in Singapore, leveraging the country's fintech-friendly regulations and team’s extensive networks to further its expansion. In this blog, we'll explore the key features that make HQ.xyz an essential tool for crypto businesses and highlight its growing influence in Singapore.

This Project Highlight is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform.

Key Features of HQ.xyz

HQ.xyz offers several core features that streamline crypto and fiat financial management.These features simplify complex crypto processes and ensure businesses can operate securely and confidently. Let's take a look at what makes HQ.xyz stand out:

1. Flexible payment methods: tokens, bank transfers and even cards
   HQ.xyz has a strong focus on customers keeping their own funds, and yet having unrestricted access to payment methods of their choice. HQ.xyz allows businesses to operate directly from their crypto wallets, enabling seamless transfers as both digital assets and fiat. Companies can perform batch payouts, making token transfers for payroll, vendor payments and treasury management more efficient.

2. Secure Payments and Review Process
   HQ.xyz enhances security by detecting invalid addresses before transactions are completed. It also offers a review system where finance teams can create draft transactions and review them, to ensure that all payments are accurate and properly authorized before being executed.

3. Direct fiat off-ramp to third-party bank accounts
   HQ.xyz’s bank payouts are not like any other fiat off-ramp or OTC desk. Leveraging on the team’s background in payments, HQ.xyz allows for direct conversion of stablecoins (USDC, USDT, XSGD and more to come) from a crypto wallet to another recipient’s own bank accounts. Imagine paying your staff and vendors in stablecoins and they receive in fiat in their own bank accounts.

4. Corporate Debit Cards
   HQ.xyz recently introduced corporate VISA debit cards, enabling businesses to spend their stablecoins directly at over 130 million merchants worldwide. This feature extends the usability of digital assets in everyday operations, transforming how companies manage their spending. The cards are especially beneficial for businesses that want to maintain their holdings while having immediate access to fiat-like liquidity.​

5. Fuss-free Reconciliation and Accounting
   As a business or project, it is common to have financial reporting, at least for one’s own management. With HQ.xyz, all payments made using the platform as well as all onchain transactions to date are neatly captured. These transactions reports are displayed in a way that is easily understandable for any layman, and is compatible with leading accounting tools such as Xero (Xero appstore) and Quickbooks Online.

These features make HQ.xyz a valuable tool for crypto businesses, helping them streamline operations, secure transactions, and manage assets more effectively.

HQ.xyz’s strong lead in the Singapore Market

Singapore is a strategic focal point for HQ.xyz due to its favourable regulatory environment and status as a global fintech hub. With its forward-thinking Payment Services Act, Singapore has established clear guidelines for stablecoins and digital payments, making it an attractive company market.

HQ.xyz has leveraged Singapore’s forward-thinking approach by forming a strategic partnership with Mandala Club and dtcpay. This partnership enables Mandala Club, one of Asia’s most exclusive private clubs, to adopt Web3 financial solutions, including crypto payments and NFT-enabled memberships.

Further solidifying its position, HQ.xyz earned First Runner-Up at the Singapore FinTech Festival Global Fintech Awards. HQ.xyz will also have a strong presence at the upcoming Token2049 in Singapore, signalling its continued regional expansion.

Conclusion

HQ.xyz is setting a new standard for crypto businesses by offering seamless payment, fiat conversion, and spending tools that simplify onchain operations. Its focus on Singapore’s progressive market and regulatory support further establishes HQ.xyz as a key player in the crypto space.

FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

As digital assets and the underlying blockchain technology mature, it becomes increasingly essential for Asset Managers to interact with Blockchain applications to utilize the assets they manage actively. By participating in Governance votes, staking or locking tokens, and engaging in other onchain activities such as market-making, Asset Managers can increase the value generated from each asset, resulting in higher returns for their LPs.

As a result of these developments, Onchain Asset Management solutions are making a resurgence. This blog will explore how Safe {Wallet} and the ecosystem built around it provide a strong foundation for Onchain Asset Management.

This blog is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform. 

The drive toward onchain

Multiple factors contribute to the increased adoption of onchain solutions:

• Stablecoins and onchain finance tools such as Lending Protocols and Exchanges have grown steadily over the past years. With over $170B in Stablecoins in circulation and onchain volumes increasing steadily (to over $1T a month), the utilization of onchain tools is expanding. With increased utility and liquidity, executing a transaction onchain is often quicker and cheaper.

• Better onchain data and accounting tools make it easier to operate completely onchain, limiting the often clunky dependencies on traditional infrastructure.

• L2 and other scaling solutions have significantly reduced the costs of executing onchain transactions (gas costs).

• Increased onchain native custody and security features, allowing for cheap, flexible, yet highly secure set-ups for asset custody and interactions with blockchains. Even Vitalik Buterin, the Founder of Ethereum, uses an onchain setup like this to secure his assets.

• Many prominent protocols have matured to a point where their native token plays a critical role in Governance and utility. The most significant shift on this front is the largest protocols progressing toward revenue capture and circulation. For example, Arbitrum DAO is working on a Staked version of its native ARB token optimized for active onchain governance. Uniswap, the largest decentralized exchange, is incorporating a protocol fee switch after nearly years of operating without one.

Participating in onchain governance and engaging through native dApps to stake a token is becoming the norm, forcing asset managers to interact with decentralized applications to reap the full benefits of their assets under management.

Operating in the Onchain paradigm‍

Despite the trend toward onchain operations, some limitations and risks should be mitigated to benefit from the onchain economy.

While large Hacks create scary taglines, the average users who engage with mature solutions are more likely to lose (a share of) their assets through custody-related risks, such as losing custody over their tokens due to bad key management or signing a malicious transaction without intending to do so.

Many asset managers rely on centralized custody partners to reduce this risk. These solutions are often costly and scrutinize onchain operations due to limiting or slowing down the ability to sign and execute transitions.Over the past years, an onchain native solution has emerged to reduce custody risks in an onchain native way: Smart Accounts.

The Role of Smart Accounts

Smart accounts are blockchain-based accounts that operate with the help of smart contracts—self-executing contracts with the terms of the agreement directly written into code. These accounts allow for programmable control over assets, enabling automated transactions, permissions, and rules enforced by the blockchain. This level of programmability opens up new possibilities for asset management, such as conditional payments, recurring transfers, and multi-signature authorizations.

Safe {Wallet} is a prime example of how smart accounts revolutionize asset management in Web3. As a smart contract-based wallet, Safe {Wallet} allows users to create multi-signature wallets, requiring multiple private keys to authorize a transaction. This significantly reduces the risk of unauthorized access or theft, as a single compromised key does not grant access to the assets. The robust foundation paired with the programmability opens up a wide range security benefits and operational efficiencies.

Onchain Asset Management through Safe {Wallet}

The Safe smart account and {Wallet} infrastructure provide a robust yet flexible infrastructure for Onchain Asset Management and operations. For any type of Asset Manager, whether you’re a Crypto Hedge Fund, HNWI, or Family Fund manager, the following elements are relevant and should be taken into account when creating your onchain setup:

Custody: At the heart is a Safe {Wallet} with several signers and modules that add additional control and safety.

Signers are wallets collectively controlling the Safe {Wallet}; only when the established threshold of approvals has been reached can the Safe {Wallet} execute a transaction. A set-up includes at least three signers with a minimum threshold of 50% of signatures required to execute a transaction. In practice, a three out of five or four out of seven signature threshold is often used.

The Safe infrastructure allows for programmable access control, spending limits, and other control mechanisms to optimize team operations based on mandates. For teams that operate on multiple networks, It is possible to deploy a separate Safe with a unique address on each EVM network or to use tools like MultiSafe (Migratooor) to deploy a Safe with the same address on various networks.

Accounting and Data Analytics: The Safe infrastructure tracks digital assets stored in its standard. A range of solutions is built on top of the Safe infrastructure that provides in-depth accounting features, including creating statements and tracking wallet holdings and values at any moment.

Curated applications: Safe {Wallet} offers a curated selection of native and third-party apps. A great example is Safe Swap, the in-wallet swapping application built on the latest technology, ensuring the best swapping rate for most assets on Ethereum Mainnet. Over 100 Safe Apps are live currency providing access to the

In addition to accessing the curated applications, connecting to any dApp outside Safe through the Wallet Connect integration is possible and straightforward.

Operations Automation: Besides security, intelligent accounts bring efficiency to asset management. By automating complex processes through smart contracts, tasks that once required manual intervention—such as payroll distribution, dividend payments, or even asset rebalancing—can now be executed automatically and accurately. This reduces the potential for human error and streamlines operations, allowing users to focus on higher-level decision-making rather than administrative tasks.

New Asset Management Tools

While the current solution suite built on Safe already provides the best Onchain Asset Management tools in terms of security and flexibility, new solutions are being developed that further enhance and streamline Onchain Asset Management. A great example is Hopper, who is building custom solutions for Asset Management, such as automatic NAV setting, fee systems, multi-chain management, and additional vault features.

Get started with Onchain Asset Management

The FinOps3 platform offers an overview of all available FinOps tools built around Safe. We also provide a complementary starter kit and a free onboarding call with one of our team members to help you set up your Onchain Asset Management workflows. Visit FinOps3.xyz to learn more.

Over the past years, onchain tools have evolved to facilitate advanced access control functions on par with their Web2 and institutional counterparts. This Blog introduces practices and tools for managing onchain access control for teams, DAOs, and networks.

This Blog is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform. 

Intro to Web3 Access Control Management

Due to Web3's programmability, the depth and span of functions that can be called are vast. Because some of these functions can have a significant impact, such as pausing a smart contract or increasing the supply of a token, teams often decide to delegate control of all their smart contracts through a single or handful of Token voting systems or multi-signature Safe {Wallets}.

While multi-signature Safes have proven reliable tools for managing smart contracts and tokens, the process has a downside. To ensure the multi-signature members operate in line with the organization's mandate, highly reputable individuals are invited to participate in the multi-signature Safe, and a relatively high threshold (often a majority) for accepting a transaction is set.

As a result, individuals who are already very busy must coordinate around each transaction, leading to a costly and often slow process. With teams frequently split between different time zones, these multi-signature wallet transactions can take anywhere from a couple of hours to a few days.

With transactions (related to, for example, a security bug) requiring near-instant changes, many teams have created a separate multi-signature Safe that can pause specific smart contracts. This allows them to react quickly in an emergency but scatters the control of an organization/ protocol.

Access Control Management powered by Safe

With the launch of new tools such as spending limits and Zodiac Roles, various levels of access control in a safe environment can now be managed. These tools allow for programmable and gradual control of many elements of the Safe.

Examples include setting a spending limit per multi-sig signer, which they can freely send over given periods, perfect for small team payments, or providing asset management rights to a third party while ensuring they can't send the assets out of the Safe.

We'll further explore these solutions below.

Safe Spending limits

In the Settings tab of your Safe {Wallet}, it’s possible to create spending limits. Select the beneficiary (which address will receive the ability to spend),  specify which token and the amount, and finally, over which period the limit will reset.

The spending limit is created once you've defined the above and confirmed the transaction in Safe. At any point, you can cancel the spending limit through a Safe transaction by heading to the Modules tab under Settings and removing the specific AllowanceModule.

Zodiac Roles

Zodiac Roles is a Safe App that provides the ability to create and manage custom roles that give third-party addresses the ability to act on behalf of a Safe {Wallet} or smart account. By creating a Roles mod contract, a third party can manage any contract function and parameter change without needing approval from the Safe {Wallet} signers.

The Zodiac Roles allow for advanced access control set-ups such as the DeFi Kit by Karpatkey, which streamlines DeFi engagements for Treasuries managed by third parties. While the functionality is nearly endless, some coding is required to create and operate through Zodiac Roles.

Do you want to use Zodiac Roles but lack the technical capacity? Good news! The team behind Zodiac Roles is currently developing a simple interface for creating and managing roles in a Safe. We will update this article as soon as the new Roles functions are live.

FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

Many governance solutions have been developed over the past years; however, Safe has continued to be a critical element for most onchain organizations as it provides unprecedented custody and control options. This blog will highlight how third-party tools like Snapshot and Hats can be combined with a Safe {Wallet} to create a secure and effective onchain governance system.

This blog is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform. 

How Safe Enhances Onchain Governance

Onchain governance consists of various elements such as Accountability, Decision-Making, and Trust. Safe plays a crucial role in enhancing governance by providing secure multi-signature wallets, robust access control, and seamless integration with third-party tools like Snapshot and Hats.

Snapshot

Snapshot is a widely used offchain voting system that enables stakeholders to vote on proposals without incurring gas fees. When accessed via the Snapshot Safe App, it’s possible to create and manage a Snapshot Space (the admin page of the organization) through a Safe {Wallet}. As a result, significant Snapshot Space changes, such as selecting which voting strategies are active and vote-related parameters are managed by the Safe {Wallet} instead of one or more individuals.

When integrated with Safe through SafeSnap, it is possible to have Snapshot Space be entirely in charge of  Safe’s transactions. This setup allows token holders to manage a Treasury or Protocol without needing to elect and track Safe {Wallet} signers. It is seen as one of the most efficient yet decentralized onchain governance setups. To get started with SafeSnap, visit the SafeSnap documents. 

Hats Protocol

Hats is a permission management protocol allowing DAOs to assign and manage roles dynamically. Integrating with Safe, Hats ensures that role assignments and permissions are securely managed and enforced. This dynamic role management capability is crucial for maintaining an adaptable and responsive governance structure.

In practice, you can create a top hat controlled by your organization admin, who assigns different roles (hats) to contributors. The hats can include the ability to sign one or multiple Safe {Wallets} and can be revoked by the top hat in case the contributor is no longer involved or doesn’t act on behalf of the organization. Getting started with Hats is simple and can be done for free via the Hats protocol website.

The combination of Safe, Snapshot, and Hats creates a robust governance ecosystem. Safe provides foundational security and access control, Snapshot facilitates efficient and low-cost voting, and Hats enables dynamic and secure role management. Together, these tools ensure that onchain governance is secure, transparent, and adaptable, allowing blockchain networks and DAOs to operate smoothly and effectively.

FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

Creating flexible, safe, and transparent financial practices tailored for the digital economy is critical for global business growth and human development, as it will allow companies globally to leverage digital assets while sticking to accounting and regulatory rules and keeping their operations sound. This blog will provide an overview of the benefits of Web3 accounting and share best practices to streamline your Web3 Accounting and Reporting.

This Blog is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform. 

Integrating Digital Assets with Accounting

Digital assets offer benefits over traditional assets, including enhanced transparency, security, and efficiency. However, integrating this new asset class into traditional accounting frameworks has challenges. The primary hurdle for many financial managers is consolidating crypto transactions with conventional financial records, often managed manually through separate sheets and legacy software.

The introduction of platforms like Coinshift and Den represents a shift towards simplifying Web3 accounting and reporting. These platforms stand out for several reasons: they ensure better custody and control over digital assets and offer a comprehensive toolkit to seamlessly integrate on-chain transactions into accounting practices.

Both platforms have facilitated hundreds of millions of dollars of digital asset transactions, enabling integration with traditional accounting systems such as Quickbooks.

Get started with on-chain Accounting and Reporting

Creating a Safe Wallet is the best option for fully controlling your assets and having complete access to all Web3 applications while remaining secure and efficient. If you don’t have a Safe Wallet yet, follow this guide to get started and gain complete control of your digital assets in minutes.

Coinshift
Coinshift is a complete treasury management and accounting solution founded in 2021 that offers features such as transaction management, comprehensive reporting, a user-friendly interface, and integration with different DeFi applications. The solution ensures financial operations are both structured and easily reportable.

Setting up a Coinshift Account Starting with Coinshift is simple and only takes a few minutes if you follow the steps below.

• Access the Coinshift V2 Beta: CoinShift is currently in semi-private Beta, allowing a limited number of users to engage with the solution. Follow this link to get access and start using Coinshift.

• Create a New Organization: After signing up, create an organization. The organization space allows you and your team to collaborate and manage your digital assets efficiently.

• Add Accounts (Safes & Wallets): The final step involves adding one or more accounts. This action allows you to manage all your crypto assets through Coinshift’s unified dashboard, ensuring a streamlined overview and control of your financial operations.

Den

Den provides a self-custodial, multi-signature wallet for on-chain organizations. Den offers batch token transfers with just a few clicks and the ability to simulate transactions before execution. Additionally, it features automatic notifications for multi-sig signers through various platforms and simplifies on-chain accounting by categorizing transfers and tracking assets comprehensively.

Setting up Den

• Create an Account: Sign in using your wallet on Mainnet to establish your user profile.

• Existing Safes: Den automatically fetches any existing Safes where you are a signer across all supported networks.

• Creating a New Safe: Den lets you create new Safes, while also allowing you to manage Safe owners.

By following these steps, you'll be well on your way to leveraging Coinshift or Den for your organization's accounting and reporting needs.

Best Practices

Adopting Web3 invoicing presents unique challenges but also offers innovative solutions for smoother operations. Here's a breakdown of common challenges and best practices for businesses navigating the Web3 space.

• Use proven accounting solutions: Use proven solutions such as Coinshift, which add essential features such as insights into your on-chain cash flow, risk management, and various reporting resources.

• Leverage automation to speed up your workflow. Take the time to set up automatic labeling in your Web3 accounting solution to reduce manual effort and minimize errors.

• Check up and audit regularly: Regular audits of accounting processes foster accountability and ensure compliance. Internal controls, such as segregation of duties and access controls, should be implemented to safeguard your financial operations.

• Stay up to date with regulation: Given that digital assets are constantly evolving, staying informed about the latest legal and financial requirements ensures your financial operations remain compliant.

FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

This Blog is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform.

From Stock to Tokens
The rise of digital assets and tokens has quickly transformed the international start-up landscape. While tokens are still a new asset class, regulatory, legal, and accounting starters are emerging fast, allowing operators to benefit from the increased access and control tokens provided without increasing friction.

The programmable nature of tokens allows for enhanced functions, such as:

• Real-time data and control over the outstanding vests at any time

• Advanced options for control over these vests are available through a multi-sig wallet or Oracle.

• Simple accounting is creating and claiming to happen natively in the asset layer.

Due to these innovations and the fact that tokens can be highly liquid, digital assets are replacing traditional stocks in capital formation and contributor rewards.

How OnChain Vesting Works

Onchain vesting impacts the token supply by managing the gradual release of tokens into circulation, which can affect market dynamics, investor sentiment, and the ecosystem's supply-demand balance. As tokens are vested and enter the circulating supply, they can impact market dynamics, investor sentiment, and the overall supply-demand balance of the token ecosystem.

Getting started with onchain vesting
Hedgey and Superfluid stand out for their features in token vesting and streams. Hedgey simplifies onchain token vesting and distributions, enhancing trust in OTC deals and facilitating token swaps between DAOs. Superfluid introduces money streams, automating and scaling recurring payments without third-party intervention. These platforms offer secure, efficient solutions for managing digital assets and automated payments while powered by Safe.

You should use a Safe Wallet to access this service for your business. If you don’t have a Safe Wallet yet, follow this guide to get started and gain complete control of your digital assets in minutes.

Hedgey

Hedgey is a free onchain token vesting and investor lockup platform that helps projects distribute tokens to their team, investors, and community. Hedgey offers customizable vesting schedules that are compatible with different wallets and custodians, and it's 100% free to use.

Setting up Hedgey

• Connect Your Wallet: Visit the Hedgey App in the Safe UI.Access Vesting Plans: Click on "vesting plans" in the left column to start creating and managing your token vesting plans

• Create a Vesting Plan: Use the Hedgey’s interface to create a custom vesting plan for your team, employees, or investors.

• Share Vesting Plans: Share the vesting plans with your team by directing them to the Hedgey platform and having them connect their wallets

• Reach Out for Assistance: If you need help or have questions, please contact Hedgey's support or book a chat for further assistance.

Superfluid

Superfluid is an asset streaming protocol that offers subscriptions, salaries, vesting, and rewards to DAOs and crypto-native businesses worldwide. It also offers money streams, which allow for perpetual and automated value transfer between accounts, providing a solution for recurring payments.

To get started with Superfluid, visit their Website or access the Superfluid app through the Safe Wallet UI.

Tips to streamline your onchain vests

• Use vests to increase stakeholder alignment: Distributing tokens among team members, advisors, investors, and users is a great way to align their incentives with the project’s goals.  Consider which groups are critical for your organization, and give them skin in the game.

• Define a clear vesting plan: Ensure all elements of the vesting plan are worked out and communicated well to avoid friction later.

• Create clawback and other clauses: Ensure your vesting plans include clauses that are triggered in case the business's progress is worse (or better) than planned. Consider clawback clauses that allow the company to cancel a vest if a contributor doesn’t follow the agreement or options that allow a contributor to trigger more vests if the company outperforms.

Streaming technology is already used for many cases beyond managing vesting schedules. By utilizing Streaming technology, you can create and manage your onchain vests. If you plan to launch a token and want even more control over each process step, we recommend checking out Hedgey’s PreToken solution.

FinOps3 is a platform and knowledge hub for Safe-powered onchain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

This Blog is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform.

Traditional e-invoicing platforms often operate with PDF invoices that are settled and accounted for separately by each entity through various third-party solutions. Web3 invoicing platforms benefit from blockchains' ability to settle payments directly and grant users complete control of their data.

Getting started with on-chain Invoicing
As a freelancer or company, it’s simple to get started with Web3 invoicing.

We recommend starting with Request Finance, a leading crypto finance and invoicing solution favored by companies such as Sandbox, Aave, and MakerDAO. It has been operating since 2020, processing over $700 million in invoices. Request Finance streamlines digital asset transactions, making it an essential tool for Web3 businesses looking to upgrade their financial operations.

Setting Up Request Finance

To improve the experience and control, it is recommended that you use a Safe Wallet to access this service for your business. If you don’t have a Safe Wallet yet, follow this guide to get started and gain complete control of your digital assets in minutes.

Setting up your account

• Safe Wallet integration: Once you have set up your Safe Wallet, access Request through the Safe App.

• Sign Up: Press sign up under the login button to create a Request account with your email address.

• Configure Your Account: In the settings, enter your company's details, including the name, address, tax number, and logo.

• Payment Details: Go to payment methods to add your wallet address for your preferred blockchain.

Issuing an Invoice

• Add a Client: Navigate to 'Invoices' > 'Clients' and input your client's email and company details.

• To create an Invoice: Click 'Invoices' > 'New invoice', enter the invoice number, and select your client.

• Setting Invoice Details: Choose the currency, select the blockchain network and asset for payment, and input your wallet address.

• Fill in Invoice: Add a description, the amount, and attach any files if necessary. You can also set the invoice to recur.

• Send: Hit 'Create & Send'. Both you and your client will receive an email notification.

Tracking Invoice Status

• Automatic Notifications: Once paid, both parties receive email notifications, eliminating the need for manual updates.

• Dashboard Monitoring: Real-time payment status can be tracked from the dashboard, simplifying the reconciliation process.

Advantages of Web3 invoicing

Leveraging blockchain for your invoicing needs allows your company to streamline the process and automate all your needs. By following these steps, you can create, send, and pay your Web3 invoices.

• Modular tools: Tools such as, Request Finance streamline the invoicing process, allowing businesses to create, send, and manage invoices efficiently.

• Minimize Payment Errors: Businesses can use Request Finance to ensure their clients have accurate payment details, including wallet addresses and preferred digital assets. features like QR codes and direct payment links further reduce the risk of errors, making the payment process seamless for both parties.

• Automate Payment Reminders and Confirmations: Request Finance can automatically send reminders for upcoming or overdue payments and instant notifications upon payment confirmation.

• Simplify Tax Reporting: Request Finance simplifies tax reporting by tracking the market value of assets at the time of payment. Integrations with bookkeeping and tax software allow for easy transaction data export, aiding in accurate and compliant tax filings.

FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.

While the Web3 banking stack evolves fast, it must still connect with traditional financial rails to facilitate all services required to operate a business. This Blog introduces banking and payments for Web3 organizations, together with the steps to get started with the primary service providers.

This Blog is part of a series of Web3 Financial Operations guides and case studies produced by FinOps3. Explore all FinOps3 tools and content on the FinOps3 Platform. 

Getting started with Web3 Banking and Payments
Until recently, the primary method of paying with and holding FIAT for any Web3 business was holding traditional bank accounts and selling digital assets through exchanges or brokers to acquire FIAT.

Now, services are offered that allow seamless payments through traditional payment networks without the need to cash out to FIAT first. In addition, digital organizations can now open IBAN accounts, greatly expanding their payment potential.

The best-in-class service providers
Gnosis Pay and Monerium are two primary solutions offering seamless payments and a bank-like experience for digital asset users. Both are powered by Safe under the hood, allowing FIAT payments through traditional payment infrastructures.

Gnosis Pay is certified by Visa and is compliant with EU regulations due to its partner Elliptic's banking and payments license.Monerium is an Electronic Money Institution that issues the EURe. Monerium issues on-chain fiat as infrastructure for web3 builders and has reached €100 million volume on-chain. Together, Gnosis Pay and Monerium partnered to execute European transactions. Users can pay for items in the real world and online with the Gnosis Card using Monerium's euro stablecoin, EURe.

You must set up a Safe Wallet for your business to access these services. If you don’t have one yet, follow this guide to get started with Safe and gain complete control of your digital assets in minutes.

Get started with Gnosis Pay

Gnosis Pay offers a Decentralized Payment Network, removing the barriers between traditional finance and DeFi. Its first product is Gnosis Card, a fully European-compliant Visa debit card that enables you to spend your digital assets in the traditional economy using the Gnosis Pay Network.

To start using Gnosis Pay and its Visa Card, follow these steps:

• Visit the Gnosis Pay website and connect your Safe Wallet.

• Fill in the fractal verification and share it with Gnosis Pay.

• Once verification is complete, you can personalize and order your Visa Gnosis Pay card.

• You will receive your card in two days and should be ready to transact using Gnosis Pay.

Get started with Monerium

Monerium is an Electronic Money Institution that issues the stablecoin EURe. It lets you directly connect your on-chain wallet to a SEPA bank account. You can seamlessly send and spend Euros from your wallet to your bank accounts and vice versa.

To start using Monerium, follow these steps:

• Connect your Safe wallet: Visit Monerium's website and use WalletConnect to link your Safe wallet.

• Complete KYC Process: Complete the onboarding process in the Monerium app to verify your identity.

• Create IBAN for the Wallet: You can obtain an IBAN by selecting your Safe EUR account, clicking "Add money," and then clicking "Get a Monerium IBAN."

• Send EUR to your IBAN and receive EURe: Transfer EUR to the newly created IBAN from another bank account, ensuring the details match your Monerium account.

• Send EURe to a bank account: Use your Safe EUR account to send EURe to any bank account via the SEPA standard by connecting your wallet and authorizing the transaction.

Supercharge your onchain finance
FinOps3 is a platform and knowledge hub for Safe-powered on-chain finance. It aims to accelerate the adoption and retention of Treasury Managers and Financial Operators in the Safe Ecosystem by providing resources and guidance that make setting up and running a Treasury Management System powered by Safe easy and rewarding.