June 24, 2019
What Libra Means for Your Business
Libra Blockchain – The Future is Now The unveiling of Libra stands tall in a line of landmark moments in the tech industry. If you need to further understand the details of what Libra is click here. What does the launching of Libra mean for your business? Why is this important? What are the opportunities …
Libra’s Impact of the Crypto Industry – The iPhone Moment?
If you are in the crypto industry you undoubtedly have witnessed the most important components of lofty whitepapers left unaddressed. They have left you to read between the lines regarding financial inclusion and there are some very important considerations left untreated (regulatory matters, fiat on-ramping, whether the system will be focused on peer-to-peer payments, or …
Libra Basics – What you Need to Know
A Network Effect Throughout history, money (whether in rare seashells, gold, notes or bits of data), is only “money” when a network effect[1] enables people to trust it as a store of value, a medium of exchange and a unit of account. Rare seashells can operate as money when we are all willing to accept …
June 21, 2019
Operational Planning for Startups: What You Need to Do Now
Operational Planning – For your business to grow, it needs to run efficiently. You also need to avoid regulatory and legal pitfalls in murky areas such as overtime (and there are lots). An accounting system is central to your operations and success. And as workflow is established, there are peripheral and critical workflows you need …
To Attract Investors, Cannabis Businesses Need Strong Processes and Controls
Cannabis businesses that are seeking funding need to show that they are equipped to navigate the industry’s many challenges. Investors want to see that they have a strong operational framework and the right controls in place. Recently, one of the country’s largest vertically integrated cannabis businesses requested our Strategy and Transformation team’s help with …
June 10, 2019
Framing Data Privacy as a Business Issue
Overwhelmed with all the developments in the data privacy space? Wondering how to navigate the challenges facing your organization? Have you been assigned the privacy compliance function? Not sure what those challenges are, or which ones take priority? First things first: take a step back and realize you’re not alone as you ponder the path …
Paying the Bills: Why Every Business Needs an AP System
Are you a small business or startup that needs help paying the bills? That’s a trick question. Maybe you said yes because you need help managing your cash flow, but let’s start with the basics. You can’t manage cash flow until, and unless, you have a solid structure for managing accounts payable (AP). Too often, …
June 5, 2019
Celero – Easing Acquisition Challenges With an Interim Solution
In the current robust M&A environment, we’re increasingly seeing companies that suddenly need finance expertise for a transaction, but don’t have the time and/or budget to hire a permanent CFO. Nor does it make sense at that stage, frankly. A solution that works for many companies? Get a good temporary CFO, like e-commerce platform Celero …
Lesson from CannTech 2019: Create Your Own Strategy to Build Your Cannabis Brand
Members of the Armanino LLP Cannabis team recently attended the inaugural CannTech, Silicon Valley’s first major cannabis technology summit. CannTech focuses on accelerating the growth of the cannabis technology industry by bringing together entrepreneurs, industry executives and investors from across North America. (The summit also included a pitch competition for emerging startups with a grand …
Nonprofits Need Careful Planning as Risk Profiles Expand
Proactive crisis planning, rapid responses and understanding their financial options are among the keys that nonprofits should consider for their future planning processes in a quickly changing world. California, for instance, has increased the statute of limitations for filing childhood sexual abuse-related civil suits from two years to 10. Washington state similarly extended the statute …