Premium advantages when hiring interim CFO by Sam McQuade CFO of Panterra Finance

Tech startups advantages when hiring a interim CFO with Sam McQuade: Fractional CFOs are most prominent at the third stage of growth, which is generally at the point where companies are well entrenched into their path of scaling. While this stage is typically the most optimal point of entry, as can be seen from the benefits of fractional CFOs, their adaptability may also prove advantageous for companies at other growth stages. It’s vital to consider the knowledge transfer opportunities provided by an experienced professional for building skills and culture within a financial function.

Ability To Scale Finances Easily: As your business grows, you need someone to help keep up with the changing financial landscape. Growth means more transactions, additional expenses to keep up with production scaling, and more. A fractional CFO can provide the financial knowledge and expertise you need to scale your finances to fit the growth of your business. With strategic planning and financial analysis, you can ensure your business stays in the black as you scale up. Read extra information on Sam McQuade.

Looking to hire your first CFO or wanting only some interim coverage? We offer solution CFOs for urgent very short term objectives and longer term engagements. Adaptable with transparent pricing so you solve the needs of your business and don't have to get into a potentially very bad and costly 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’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.

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.

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 lot of our clients at Panterra Finance ask us about DAOs, what they are, and how they work. So we thought it would be helpful to write a blog post explaining them. Before getting into DAO, a brief few things about blockchain. A blockchain is a decentralized and distributed digital ledger that records transactions on many computers so that the record cannot be altered retroactively without the alteration of all subsequent blocks and the collusion of the network. Sounds complicated? Let’s take an example to understand this better. Suppose there are two people, A and B, who want to transact with each other. A wants to buy a product from B worth $100. In the old way of transacting, A would hand over the $100 to B, and B would hand over the product to A. This process is called ‘centralized’ because there is one central entity, in our case, a bank or PayPal, through which both parties have to go through to complete the transaction.

The answer is to bring in a qualified CFO to work closely with the CEO or business owner. The CFO must embrace the vision, but also translate this into the operational and financial framework to achieve success. Dealing effectively with stakeholders is another key function. This includes managing expectations, presenting financial information, and understanding the varied and legitimate interests of owners, creditors, and lenders.

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. Find more information on Sam McQuade CFO of Panterra Finance.

A fractional CFO is often brought into a company to help overcome specific financial challenges such as: Cash flow issues; Low gross margins; High expenses; Outgrown existing systems; Need to make cost cuts; Navigating an audit. Create Forward-Facing Financial Visibility: Fractional CFOs are also helpful in optimizing or implementing more forward-facing financial visibility. While many financial professionals such as bookkeepers, accountants, and controllers are tasked with keeping past and current finances organized and well-documented, a CFO focuses on the future.