IT startups advantages when hiring a flexible CFO from Sam McQuade

Quality advantages to hire a interim CFO from Sam McQuade CFO today: When a finance function is focused purely on accounting (performed by a bookkeeper) and financial planning (performed by a controller), a CFO will, in most cases, not be necessary. However, companies at this level may want to consider bringing on a fractional CFO on an interim basis in the event of a takeover or restructuring. Companies should consider engaging a CFO, whether fractional or full-time, when the size and complexity of revenue begin to overburden the existing finance team. This generally occurs at the Series B funding round. Read more info at https://www.startus.cc/people/sam_mcquade.

External Perspective On Financial Strategy: Internal teams can sometimes be biased when it comes to making decisions. A fractional CFO can provide an external perspective on your financial strategy and help you make sure that all financial decisions are made through verified research and data. Access To Industry Best Practices: A fractional CFO brings a wealth of knowledge to your team, which can be invaluable when making strategic financial decisions. Due to their flexibility, fractional CFOs have experience in many different verticals and industries. On the other hand, traditional CFOs tend to stick to a single industry and don’t move as often.

Searching to hire your first CFO or need interim coverage? We offer CFOs for immediate short term projects and longer term engagements. Customizable with clear pricing so you cover your business and don’t have to get into a potentially very 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.

What Does a CFO Do? The CFO’s role is twofold: Oversee the organization’s financial activities, including being responsible for the finance and accounting professionals who perform operational functions, and serve in a strategic advisory role for the CEO and C-suite peers. Brainyard’s Winter 2021 Survey shows how finance and business leaders rank success factors and how those priorities have changed over time. Meeting revenue and earnings goals and keeping cash flow stable are clearly in the CFO’s purview. Finance chiefs also advise department heads across the organization, assisting them in both maximizing revenues, if they serve in a revenue-generating capacity, and controlling expenses without sacrificing customer or employee satisfaction or the company’s reputation.

Liquidity refers to an organization’s ability to pay off its short-term liabilities — those that will come due in less than a year — with readily accessible, or liquid, funds. Liquidity is usually expressed as a ratio or a percentage of what the company owes against what it owns. CFOs are concerned with ensuring that customer payments are made in full and on time and controlling expenses so that enough cash is on hand to meet financial obligations. See additional info on Sam McQuade.

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.

The last two to three decades have seen a paradigm shift in the lives of almost everyone. The Internet and the web particularly have given a whole new meaning to the way we communicate and interact with each other. Web1.0 was all about connecting people and devices. Web2.0 was all about connecting people with each other. Recent years have seen the development of Web3.0 which is an entirely different ball game. Web3.0 is all about connecting people with machines and devices to create a more efficient and trustworthy internet. This new web is built on the back of blockchain technology which allows for decentralization, transparency, and security. One of the most exciting applications of this technology is the DAO or decentralized autonomous organization. With everything Web3.0, some concepts are harder to understand than others for now. With increased adoption, they will enter the mainstream sooner.

The CFO is responsible for effective and efficient financial operations including accounting, financial reporting, cash management, budgeting, maintaining controls and issues such as capital structure, investor relations, and financing. The CFO is also involved with strategic planning and financial analysis related to mergers, acquisitions, and divestitures, as well as providing expert financial and operational guidance to business owners to maximize cash flow, minimize business risk, and increase the value of the enterprise.

With technological advances disrupting job descriptions, the organization will have its share of fear and resistance. Given the close collaboration between finance and information technology, the CFO is in a unique position to anticipate the future needs of organization and help mentor people with their reskilling into other growth areas. What else do you think CFOs can be doing now to adapt to the future? I’d be very grateful if you provide your comments and share your thoughts. Thank you!

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.

What Does a Fractional CFO do for a Company? Fractional CFOs most commonly partner with companies to help overcome financial challenges, achieve growth, optimize strategy, implement systems, raise capital, or navigate an audit or transaction. Overcoming Specific Challenges: Fractional CFOs are often brought into an organization when there are financial challenges that the company’s existing team does not have either the skills or manpower to overcome. In many cases, a company does not have an in-house CFO. In some cases, however, the company may have an existing CFO, and the fractional CFO acts as a partner or advisor or helps lead separate projects such as raising capital or navigating an audit.