CIO Review Article: Bitcoin and Digital Currency Impacts on Core ERP & Business Systems

This article is relevant if you are a CIO or other business professional and you are trying to understand how Bitcoin and other Digital Currency impacts your financial and ERP system.

Background

Since 2011, I have been working with Bitcoin.  Since then, considerable expertise has been developed due to our implementation of the Bitcoin Transaction Coordinator which integrated Bitcoin payment processing within NetSuite.  I offered to write an article for CIO Review to help educate other business professionals about the digital currency phenomenon and the meaning from a business systems persective.  In this article, I do not reference NetSuite and instead, speak more fundamentally about the concerns a responsible actor will face as digital currency is more widely adopted.

Key Digital Currency Points

In this article, I offer key thinking on the following:

  • Bitcoin as a Payment Method
  • Bitcoin as a Foreign Currency
  • Regulatory Concerns
  • Bitcoin Business Systems Integration
The article is available for viewing on Page 41.  In addition, feel free to ready the article via this official PDF version.

Learn More About NetSuite and Bitcoin Integration

Should you be interested in the most advanced digital currency integration to a general business system, I invite you to learn about the Bitcoin Transaction Coordinator for NetSuite.  The implementation takes full advantage of NetSuite’s ERP capacities and is ready to manage all aspects covered in the related article.  Feel free to ask questions in the comments below.

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Marty Zigman

Holding all three official certifications, Marty is Southern California's NetSuite expert and leads a team of senior professionals at Prolecto Resources, Inc. He is a former Deloitte & Touche CPA and has held CTO roles. For over 25 years, Marty has produced leadership in ERP, CRM and eCommerce business systems. Contact Marty to setup a conversation.

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