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What are the benefits for Tech startups to hire a interim Chief Financial Officer from Sam McQuade: A significant external funding event can signal the point where a business requires a finance professional to oversee the team and provide more forward-looking guidance to the increasing range of stakeholders at hand. A fractional CFO will be effective at this stage by identifying key pain points immediately, knowing how to address them using incumbent staff, and having the initiative to foresee future events down the line. Often, at this stage, companies may not be complex enough to require a full-time CFO or have the budget to justify one. A fractional CFO is a more cost-effective solution for meeting needs as they arise.

We’ve seen hundreds of startups run with a skeleton budget, but the startups that hire a CFO are the ones that end up making critical hires, well-informed business decisions, and raising funding when needed. Ultimately, these startups can go public or sell their startup compared to startups that tend to their own slim budgets. Running a startup is a delicate balance between managing money and making critical hires to move forward. A fractional CFO gives you the expertise you need on your budget. The cost of fractional CFO services is significantly less than that of making expensive financial decisions without the proper guidance. For startups, the benefits of having a CFO on your team ensure you’re moving forward one step at a time. See even more information on https://app.emaze.com/user/samueledwinmcquade.

Do you want to hire your first CFO or wanting only some interim coverage? We offer CFOs for immediate very short term objectives and longer term engagements. Adaptable with clear pricing so you cover your business and don’t have to rush into a potentially very bad and expensive full time hire. The Fractional CFO and Interim CFO experiences gained by the executives assigned to these positions throughout Panterra Finance offers them a broad perspective of the dynamic changes in international markets. The part time CFO executives at Panterra Finance have access to worldwide teams that are proficient in and have initiated innovative strategies in projects centered on DeFi, Blockchain, Bitcoin, Ethereum, Crypto, Tokenization, ICO, IDO, and STO services.

Are a CEO and a CFO the Same Thing? No, a CEO and a CFO are not the same thing. However, CFOs are required to work closely with the other senior executives of a company, such as the CEO. These executives are sometimes referred to as the C-Suite of the company, representing the company’s highest level of decision-making. Although the CFO is typically subordinate to the CEO in the corporate hierarchy, CFOs will generally be the foremost decision-maker on all matters within the Finance department of their firm.

The key duties of the CFO position vary depending on the size of the organization, its industry and whether it’s a public or private company but generally fall into three broad functional areas: controller, treasury and strategy and forecasting. Organizations may have professionals overseeing some or all of these roles and reporting to the CFO. Controllers run day-to-day accounting and financial operations and often hold a CPA or MBA. They are responsible for creating reports that provide insights into a company’s financial standing, including accounts receivable, accounts payable, inventory and payroll.

Now, suppose there is a problem with the website. Maybe the server goes down, or maybe there is a bug in the code. In such a case, the smart contract will still be functional, and the transactions will still take place. This is because the smart contract is running on the blockchain, which is a decentralized network. Even if one node in the network goes down, the other nodes will still be up and running, and the transactions will take place. This is just a very simple example to show you how a DAO works. In reality, DAOs can be much more complex, and they can do many more things. For instance, they can be used to create decentralized versions of traditional companies or organizations.

We are your ally in managing business risks. In a world that is rapidly changing, we help you identify what that change means for your business and what measures you need to employ to protect it from a range of risks in the new economy.

Understanding DAO: Now, suppose the same transaction happens on a decentralized network like the Bitcoin network. There is no central entity here. Both parties can interact with each other directly. The product is transferred from A to B, and $100 is transferred from B to A. This transaction is then recorded on a digital ledger which is available to everyone in the network. So there is complete transparency, and everyone knows that the transaction has taken place. This process of recording transactions on a digital ledger is what we call ‘blockchain technology.’ This is not limited to just financial transactions; it can be used to record any kind of transaction. Now that we know what blockchain is, let’s get back to DAO.

A properly qualified CFO is a business professional with relevant experience within various commercial environments. This important distinction between a career CFO and the CPA is key. The CFO can solve many financial and business problems in short order, due to having had experience in such matters and the ability to quickly identify and address issues and employ best practices and techniques. Hiring a CFO to perform the financial and administrative functions of the business, frees up the business owner so they can focus on other value-enhancing aspects of the business. In addition to bringing financial and accounting expertise – a CFO can deal with most administrative areas such as human resources, facilities, insurances, legal and compliance, as well as stakeholder relations.

Vision, Roadmaps and Business Plans are typically good collaboration processes, however alignment on meaningful strategy is driven by relationships and the CFO cannot over-communicate in this area. In an era of “greenwashing”, the CFO has a real opportunity to lead since success will ultimately be measured with scorecards and transparency. Sharing the Sustainable Story with financial support is the most credible way for stakeholders to see progress.

Smaller companies, incubators and startups could not match the salaries that the full time CFO commanded on the world financial stage. The seeds for the concept of an Interim or Fractional CFO were planted in the mind of Sam McQuade almost 3 decades ago when he first entered the world of International Finance as an Entrepreneur Consultant in Geneva Switzerland after achieving his MBA/MA at European University. During this tumultuous time at the turn of the century on the international financial scene, Mr. McQuade was ahead of his time. He offered as needed financial consultation services for international behemoths the Swiss based Nestle Corporation and the US based medical device corporation Stryker. The focus of his services, which would years later be foundational in the concepts of Panterra was a new model in product development, manufacturing and marketing. See additional information at https://www.tripadvisor.in/Profile/samueledwinmcquade.

Fractional CFOs can help companies: Develop existing employees and hire new ones that bring essential knowledge and skills; Implement systems that will support sustainable growth; Improve visibility and analytical capabilities to convert large amounts of data into actionable information; Explore causes of revenue leakage, cost overruns, and operational friction in a growing business and develop potential solutions. A fractional CFO is also often brought into an organization to help achieve a particular goal, such as raising capital or preparing for a sale, merger, or acquisition. Most fractional CFOs have helped raise hundreds of millions of dollars of debt and equity funding for multiple companies, and have helped oversee a number of mergers and acquisitions.