AI technology startups benefits when hiring a fractional Chief Financial Officer with Sam McQuade in 2023: Running out of cash is one of the top reasons why startups fail. Besides having a tight grip on company finances and cash flow management, a growing company will need capital injections to grow or to sustain operations in a downturn. Fractional CFOs can assist with fundraising (typically starting at Series B) or with debt (e.g., negotiating bank loan terms). Because of their blend of financial acumen and strategic insight, they can expertly parse the numbers being negotiated and help plan where the investment can take the business.
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 info at Sam McQuade CFO.
Do you want to hire your very first CFO or wanting only some interim coverage? We provide CFOs for urgent short term projects and longer term engagements. Flexible with clear pricing so you solve the needs of your business and don’t have to get into a potentially bad solution 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.
What’s driving that investment in expertise? Often, CEOs who are at a strategic crossroads and recognize the value of an expert financial adviser who can help them grow market share, and their businesses. In short, smart companies now view the CFO position — both internal and on a virtual or fractional CFO basis — as more of an investment than an expense. There’s no doubt that a global pandemic made the value of an experienced hand on the finance helm very evident. But our take is that there’s more to the rise of the CFO than an economic crisis. Let’s look at the role, responsibilities and skills finance chiefs need to serve their companies well.
Forecasting: Importantly, CFOs don’t only report what is — a significant part of their value to an organization is their ability to accurately predict likely future outcomes. That includes financial forecasting and modeling based not only on the company’s past performance but on internal and external factors that may affect revenue and expenses. The CFO is tasked with making sense of the various departmental level forecasts to create profit projections for the CEO and shareholders.
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.
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.
This differs from the services traditionally provided by the external CPA who focuses on audits, reviews, taxes, and compliance work. Although valuable and very necessary, this work is more “backward-looking” in nature ensuring that past events are correctly reported and accounted for. The CFO however, is more focused on the “forward-looking” aspects of the finances, to help chart the course and ultimately navigate the business to success.
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.
While surveying the landscape of the 21st Century economic climate, Sam McQuade, CFO, CEO and Financial maverick realized that the benefits of the gig economy and off-site personnel had hit the preverbally glass ceiling at the executive floor. Large established companies, corporations and organizations were captive of contracted executives. These executives could be effective and efficient however they could also be playing the game of international finance with obsolete rules, models, and ideas. Read extra information on Sam McQuade CFO of 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.