Quality advantages when hiring flexible CFO by Sam McQuade CFO of Panterra Finance
Quality advantages to hire a interim Chief Financial Officer with Sam McQuade: The philosophy of “What got you here won’t get you where you want to go” is ever-present in business once past the initial start-up phase. Businesses launch additional products, open new territories, open additional locations, transact in new currencies, and deal with increasing regulatory requirements. These all require more advanced thinking, tools, and techniques. Many bootstrap startups begin with a part-time bookkeeper and simple systems but later find that they cannot sustain additional business growth and complexity. Systems, resources, processes, and strategies must scale in sophistication as a company grows. Find extra details at Sam McQuade.
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.
Developing the Interim and Fractional CFO Concept with Experience: From the inside looking out, Sam McQuade continued to sharpen his skills and nurture the ideas and mission of Panterra Finance. He spent time in the executive suites of Dell, as a Finance Manager and a Financial Planning and Analysis Manager where he achieved a 400% revenue growth in the Swiss market. Other stops in corporate suites, each of which shaped the final innovative services offered by Panterra Finance.
Friends With Benefits is a decentralized social network. It allows users to connect with each other and share content. It allows the users to collaborate and create new content. Users may connect with individuals who share their interests in other cities through city-specific hubs. The more FWB tokens a user has, the more opportunities to meet and interact with others develop. This is a decentralized autonomous organization (DAO) that uses the power of the blockchain to adjudicate disputes. Kleros is a DAO because it is powered by smart contracts. The Kleros token (PNK) is used to incentive jurors to vote on disputes. When someone wants to submit a dispute to Kleros, they first have to deposit some PNK. If the jury rules in favor of the person who submitted the dispute, then they get their PNK back. If the jury rules against them, then they lose their PNK. Kleros can be used to adjudicate any kind of dispute. It has been used to adjudicate disputes in online markets, freelance platforms, and even in the sharing economy.
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.
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.
A CFO can improve the decision-making process by bringing facts, solid numbers, and asking the right questions. Another benefit to the business owner is the fresh perspective and insights brought by the CFO. This can have the added effect of making life a little less lonely for the entrepreneur. The CFO can be a sounding board and trusted advisor for new ideas and initiatives. Stakeholders such as investors, lenders and creditors react positively to the knowledge that a professional CFO has been retained. This takes on an added degree of importance when looking for outside investment, debt financing or positioning the company for sale.
Looking to hire your first CFO or wanting only some interim coverage? We offer solution CFOs for immediate short term objectives and longer term engagements. Adaptable with clear pricing so you cover your business and don’t have to get into a potentially very bad and costly 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. Read more info at Sam McQuade.