Quality advantages to hire a fractional CFO from Sam McQuade: Fractional CFOs can help companies: Develop detailed short-, mid-, and long-term financial forecasts; Prepare budgets based on forecasts; Analyze potential future products, services, markets, and customer segments. Helping Manage Growth: Fractional CFOs are also helpful in scaling a business, ensuring profitable growth as the business becomes more complex. This work involves reinventing the tools, processes, and vendor relationships the business uses to deliver value to an ever-growing and increasingly diverse set of customers. This is often called “bridging the chasm”, as most companies start to see declining margins and increasing headaches as they grow revenue past a certain threshold.
Looking to hire your very first CFO or need interim coverage? We offer CFOs for immediate short term projects and longer term engagements. Adaptable with transparent pricing so you cover your business and don’t have to get 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. See additional details on Sam McQuade CFO of Panterra Finance.
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.
The CFO role has emerged from focusing on compliance and quality control to business planning and process changes, and they are a strategic partner to the CEO. The CFO plays a vital role in influencing company strategy. The United States is an international financial hub and global economic growth increases employment growth in the U.S. financial industry. Companies continue to increase profits leading to a demand for CFOs. The Bureau of Labor Statistics (BLS) predicts the job outlook for financial managers to grow 15% between 2019 and 2029. The average annual salary for a financial manager was $134,180 in 2020.
Benefits of Having a CFO: CFOs guide the finance and accounting team and have a broad view of an organization’s financial health, allowing the CEO as well as peers including the CMO, COO and VPs of HR and sales to focus on their own goals and operational issues. While a CEO or COO may have a background in accounting or finance, they generally don’t possess the same level of technical acumen and experience that a chief financial officer brings to the table.
The main goal of a DAO is to decentralize power. In a traditional organization, the power is concentrated in the hands of a few people. This can lead to corruption and cronyism. With a DAO, the power is decentralized, and it is distributed among all the members of the organization. This makes it much more difficult for any one person or group of people to abuse their power. A better real-life example is Ukraine DAO, which is a fundraising effort to help the people of Ukraine in the current war against Russia. It collects and distributes funds to various Ukrainian charities. The funds are collected through Ethereum’s smart contracts, and they are then distributed to the charities according to the code that governs the DAO.
Selling your business or looking to buy others? Our experts can lead the deal and make sure that you have a thoughtful ownership transition. We are happy to provide second opinions on valuations as well so you have another perspective and feel better before your close the deal.
The most important thing to understand about a DAO is that it is autonomous. This means that it can exist and continue to function without any human intervention. Once the code is written and deployed, the DAO will continue to run according to the code that governs it. This is made possible by the fact that smart contracts are immutable. This means that they cannot be changed or altered in any way once they have been deployed to the Ethereum blockchain. The DAO’s basic idea, while intriguing, is also fascinating, and it represents a point where technology trends such as artificial intelligence (AI), blockchain, and the internet of things (IoT) are coming together to provide fresh possibilities.
To summarize, a fractional CFO brings all the benefits of a full-time resource, but at a fraction the cost. They work an agreed upon amount of time, and on an ongoing basis. The benefits are myriad, and range from improved reporting and decision-making, clearer insight into the business for planning and forecasting, and stronger financial management and controls. Perhaps the biggest benefit however, is how the CEO can transfer the financial and administrative burden to the CFO, and thus free themselves to work on other critical aspects of the business.
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. Read extra details on https://www.samueledwinmcquade.tumblr.com.