Best benefits to hire a fractional Chief Financial Officer with Sam McQuade CFO? Many small and mid-sized organizations employ a bookkeeper or controller who maintains the financial system and records transactions in an accurate and timely manner. The CPA produces the tax returns and some basic performance analysis quarterly and at year-end. However, this leaves a significant gap in terms of the information and management reporting available. Business owners and entrepreneurs may lack the critical financial information needed for informed decision making; and for external purposes such as presentations to lenders or investors. Read more information at Sam McQuade CFO of Panterra Finance.
The CFO function is evolving at lightspeed. With digital transformation and societal changes, the CFO role is rapidly turning into one of a “Chief Fiduciary Officer”, which is going beyond the traditional financials to look towards the future and lead long term value creation in a world of many unknown risks. Storytelling is a very powerful tool to engage and energize teams about value creation and potential pitfall areas. The traditional path of CFO usually starts with a solid foundation based on technical knowledge and then after about 15 years, the great leaders earn the coveted title.
In these early years of creating innovations in the corporate C-Suite, Sam McQuade nurtured and created a maverick approach to new finance operations for Stryker as it broke through to the lucrative emerging markets in Central and Eastern Europe (CEE)). While approaching the markets in the growing economies of Poland, Czech Republic, Hungary, Croatia and Romania, Sam McQuade was recognizing the need for Interim and Fractional CFO’s for the avalanche of incubators and startup companies in these underdeveloped economies that were on the cusp of being integrated into modern International Finance systems and markets.
Before getting into how your business can benefit from a DAO, let’s take a look at some examples of real-life DAOs. Uniswap is a decentralized exchange built on the Ethereum blockchain. It allows users to trade tokens without the need for a centralized exchange. The Uniswap team has created a smart contract that governs the exchange. The smart contract automatically matches buyers and sellers and executes the trades. Anyone with a UNI token can participate in the governance of the Uniswap exchange.
As you enter each new geography, we help you adhere to the relevant regulatory requirements and stay compliant. 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.
A DAO is a decentralized autonomous organization that is run by smart contracts on the Ethereum blockchain. It is an organization or company that is not centrally controlled by any one person or entity. Rather, it is governed by code that is written into the smart contracts. This code can be modified or updated by anyone who has access to the DAO’s GitHub repository. To put this into perspective, imagine a traditional company or organization. There is usually a board of directors or executive team that makes all the decisions about how the company will be run. With a DAO, there is no such thing. The code that governs the DAO is open source and available for anyone to view and audit. In this new scenario, an organization can be run by anyone in the world who has an internet connection.
Looking to hire your first CFO or wanting only some interim coverage? We offer CFOs for immediate very short term objectives and longer term engagements. Flexible with fair pricing so you solve the needs of your business and don’t have to get into a potentially bad and expensive full time hire. In disrupting the traditional contracted title of CFO, Panterra Finance innovatively offers all its clients thought leadership based on international financial market experiences. Panterra Finance offers a unified international approach to businesses in the Americas, Europe, Asia, and Africa. Eight centrally located offices in the USA, Switzerland, the Middle East, and the emerging African Continent, offers global enterprises Fractional and Interim CFO services backed by a team with a grasp of dynamic world trends. See even more info on https://list.ly/sam-mcquade.
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.
