SINGAPORE, December 14, 2022 /PRNewswire/ — Request Finance announces the publication of the first Web3 CFO Guide: a practical, everyday resource drawn from the experiences and insights of more than 250 finance and operations leaders in crypto companies including Chainlink, Ledger and Superfluid.

Christophe Lassuyt, CEO and co-founder of Request Finance, said: “We wanted to know what your biggest challenges were when you started your new role, what you learned, what you could do differently next time and what you wish you had.” known.”

Challenges Facing Web3 CFOs Today

Many Web3 CFOs came with prior experience in a finance role, with 63% citing gaps in their knowledge of cryptoDeFi or other blockchain technologies as one of the biggest disadvantages when they started.

In addition to the challenges of having to catch up on cryptoDeFi and other blockchain technologies, more than 99% of CFOs in Web3 organizations said they had no formal onboarding processes when they started their roles.

Bluejay Finance Director of Operations, Jeff Ye Myat commented, “Traditional accountants have a hard time understanding the concepts in crypto how to trade tokens in AMM. Most don’t even understand Etherscan.”

Despite the challenges facing Web3 CFOs, many were optimistic about the growing need for more financial professionals in the blockchain space. 76% of Web3 CFOs estimate that the demand for finance, accounting, tax and audit professionals will grow in the next 12-24 months.

The Definitive Guide for Web3 CFOs

Web3 organizations deserve and need better software tools to help finance and operations teams manage their daily financial workflows. Automation of repetitive processes like payments and integrations with other applications on both Web2 and Web3 are key to simplifying FinOps for Web3 teams.

The 100+ page guide covers an analysis of more than 150 new tools developed for the Web3 financial stack:

1. crypto Portfolio and Custody Solutions
2. Fiat Banking Strategies
3. On/Off ramp options
4. crypto Payments,
5. Treasury administration,
6. financial reports in crypto

It’s packed with actionable tools, illustrative case studies, and frameworks that are easily accessible to busy professionals. The Web3 CFO Guide contains practical resources to help CFOs excel in key areas of FinOps in crypto.

Get your free copy of the Web3 CFO Guide here.

SOURCE Request Financing