Financial Services

Premium advantages to hire a fractional CFO from Sam McQuade

Excellent benefits to hire a flexible CFO from Sam McQuade CFO: Are a CEO and a CFO the Same Thing? No, a CEO and a CFO are not the same thing. However, CFOs are required to work closely with the other senior executives of a company, such as the CEO. These executives are sometimes referred to as the C-Suite of the company, representing the company’s highest level of decision-making. Although the CFO is typically subordinate to the CEO in the corporate hierarchy, CFOs will generally be the foremost decision-maker on all matters within the Finance department of their firm.

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. Discover even more details at https://www.youtube.com/channel/UCTqOqgg6OeVSiwTi2KMqhpg.

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!

Financial reports including balance sheets and P&L and cash flow statements help both internal leaders and external stakeholders understand the financial state of the business, and it’s up to the CFO to attest that these statements are accurate and complete in accordance with generally accepted accounting principles (GAAP). Although private companies are required to file financial reports with the SEC only if they have $10 million or more in assets and 500 or more shareholders, many businesses create these statements anyway so they’re available should the company seek a bank loan or venture capital or equity funding.

Another purpose of a DAO is to automate decision-making. In a traditional organization, decisions are made by a small group of people. This can often lead to delays in decision-making. With a DAO, decisions are made by the code that governs the organization. This makes it much faster and easier to make decisions. In business environments, it frees up space for people to focus on other things. It has opened up opportunities for more decision-makers to get involved in the governance of a DAO. The most notable example is the MakerDAO, which is a decentralized autonomous organization that governs the Dai stablecoin. The MakerDAO has a voting system that allows anyone to participate in the governance of the organization.

A fractional CFO is an experienced CFO who provides services for organizations in a part-time, retainer, or contract arrangement. This offers a company the experience and expertise of a high-end CFO without the in-house cost—salary, benefits, and bonuses—of a full-time CFO. Unlike a full-time CFO who oversees and maintains all general financial strategy or an interim CFO who performs CFO duties before or between CFO hires, a fractional CFO’s duties are typically on a project basis and specifically tuned to the company’s particular challenges or goals.

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.

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.

Searching to hire your first CFO or need interim coverage? We offer solution CFOs for urgent very short term objectives and longer term engagements. Flexible with clear pricing so you cover your business and don’t have to get into a potentially bad solution and expensive full time hire. Sam McQuade CFO has successfully scaled his decades old ideas into an innovative full-service Financial Partner Solution for incubators, startups, emerging business concepts as well as well-established international companies, corporations and organizations with the introduction of Panterra Finance. The Panterra Finance professional executive team members are equipped to provide an industry leading concept of an on demand Fractional CFO and Interim CFO during pivotal transitions. Find extra details at https://www.edocr.com/user/samueledwinmcquade.

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