#50: Tracking DeFi & TradFi Transactions Simultaneously with Tal Zackon from Tres Finance

The Accountant Quits Podcast

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2y ago 53:09

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The theme of this episode is tracking DeFi transactions, and providing the CFO managing their crypto treasury with how to generate a historical report of their DeFi positions, with their realized & unrealized gains/losses, interest income & losses & rewards earned.

If you’re not using a dedicated crypto tool, and having to manually retrieve the data from inspection tools, like block explorers, the monthly/annual reporting and cash flow forecasting can be very time-consuming.

On episode 50, I spoke with Tal Zackon, the Co-Founder & CEO of Tres Finance.

Tres Finance provides you with a one-source truth to track and consolidate your DeFi and TradFi transactions simultaneously and stay compliant with your accounting and audit.

Topics covered;

Episode intro (00:40)
Story of Tal co-founding Tres (2:20)
Challenges tracking on-chain transactions (8:27)
What is Tres Finance (10:59)
What is a financial data lake (15:02)
Sub ledgers v/s financial data lake (18:16)
Onboarding with Tres (19:13)
Thank you to our sponsor Convoy Finance (20:54)
Capturing onchain & offchain transactions with Tres Link (22:30)
Use cases of clients using Tres (23:30)
Automation practices & labeling (27:38)
Integration with Xero, Quickbooks, Oracle Netsuite (29:27)
Reconciliation with ERP integration (32:06)
How Tres compares to its competitors - Bitwave, Cryptio, Cryptoworth (33:05)
Banking integrations - Plaid (36:54)
Thank you to our sponsor Web3CFO Club (37:53)
Pricing with Tres (39:36)
Certification program for accounting & audit firms (44:11)
Roadmap and upcoming milestones (46:28)
Challenges for adoption (48:57)
Closing thoughts (50:15)
How to reach out to Tal (51:43)

Brought to you by

Web3CFOclub - A community of web3 CFOs sharing best practices around web3 financial operations

👉 Join now for in-person events and grow your network at theaccountantquits.com/web3cfo/

Follow The Accountant Quits:

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Follow Tres Finance:

Twitter: https://twitter.com/TresDotFinance

Follow Tal Zackon:

Twitter: https://twitter.com/TalZackon

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99 episodes

#Tech #Umar Mallam Hassam