Author: Patrick Moreau

Meet Faruk Kilickaya and some of his finance thoughts: Faruk Kilickaya is an experienced and dynamic financial expert who has been at the forefront of the UK’s financial industry for over a decade. With a Bachelor of Arts (BA) in Economics, he possesses a comprehensive understanding of financial markets and economic trends and has honed his analytical skills to become a skilled strategist in the fintech sector. See additional information at Faruk Kilickaya.

Faruk’s professional journey began with his role as an Accountant at a local accountancy practice business. Within two years, he helped to transform the business into a group of financial services companies that offered a wide range of services from accounting to corporate finance. His leadership and expertise enabled him to become the Chief Accountant, and he led the business to become a national franchise. Following years of hard work and achievements at Pro Tax Plus Accountants, Faruk managed to turn it into a thriving franchise structure under The Accountancy Franchise brand. Through his leadership and expertise, Faruk was able to train his team and delegate operational day-to-day duties, allowing him to focus on bigger client management, complex tax planning cases, and advisory services as a Chief Accountant.

Faruk is a true leader in the industry and has proven success in pioneering innovative solutions for financial businesses. He has a wealth of knowledge and experience and is committed to helping businesses succeed, whatever the circumstances. Faruk’s proficiency in identifying, tracking, and analyzing Key Performance Indicators (KPIs) and metrics that measure financial performance enables him to provide valuable insights for decision-making. He also has expertise in leveraging technology and data analytics to improve financial reporting and analysis, enhance operational efficiency, and support business growth.

In addition, Faruk is skilled in financial planning and analysis (FP&A), financial reporting and compliance, treasury management, risk management, and capital management. He is able to manage cash and liquidity, assess and manage financial risks, and optimize capital structure to maximize shareholder value. Faruk’s strategic thinking and ability to contribute to the development and execution of business strategy make him a valuable asset to any organization.

With his excellent communication skills and leadership qualities, Faruk is an effective CFO. He is able to communicate financial information effectively with stakeholders, lead the finance team, and collaborate with other departments to achieve the company’s financial goals. Finally, Faruk’s experience and expertise make him an ideal candidate to bring his UK financial knowledge to Dubai businesses, and his dedication to excellence and proven record of success will be an asset to any organization.

Faruk Kilickaya is full of passion for helping young professionals and entrepreneurs achieve success. Throughout his career, he has honed his technical skills and strategic vision to build successful businesses and guide them through all stages of growth.

Now, Faruk is looking to give back to the community and help aspiring professionals and entrepreneurs achieve similar success. He is on a mission to find young and talented individuals who are passionate about the fintech industry and guide them towards achieving their goals.

Faruk believes that with the right guidance and support, anyone can succeed in the financial industry. He is passionate about sharing his knowledge and experience with others and helping them navigate the complexities of the financial landscape.

Through mentorship and coaching, Faruk aims to help young professionals and entrepreneurs identify their strengths and weaknesses, develop their skills, and achieve their full potential. He believes that by helping others succeed, he can give back to the community and make a positive impact on the world.

Faruk’s journey from a local accountant to a successful CFO has been characterized by hard work, dedication, and perseverance. He understands the challenges and obstacles that young professionals and entrepreneurs face and is committed to guiding them towards success.

Faruk’s deep knowledge of various industries, including pension funds, complicated Trust Structures, Complex Property Investments and other investment funds, venture capital, startup businesses, and angel investment, makes him an invaluable resource for aspiring professionals and entrepreneurs. His expertise and experience can help them navigate the complexities of the financial landscape and achieve success.

Overall, Faruk Kilickaya is a true leader in the industry who is passionate about giving back to the community and helping others succeed. Through his mentorship and coaching, he aims to guide young professionals and entrepreneurs towards success and positively impact the world.

Quality benefits when hiring fractional CFO from Sam McQuade CFO: The CFO is the top ranking executive related to managing a company’s finances. This includes managing all aspects of financial and cash flow planning, as well as analyzing its financial position. A CFO is comparable to a treasurer or controller. However, unlike a controller or accountant, a CFO is responsible for financial planning, while the other two are in charge of bookkeeping and the company’s financial statements. Big public companies may have defined the CFO role, but the chief financial officer position is becoming increasingly common in midsize and even small firms. Recent postings for full-time CFOs on job-search sites include an emerging air mobility design and manufacturing company in Massachusetts with fewer than 20 employees and a 94-bed community hospital in Hawaii.

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 info at Sam McQuade CFO of Panterra Finance.

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!

Benefits of Having a CFO: CFOs guide the finance and accounting team and have a broad view of an organization’s financial health, allowing the CEO as well as peers including the CMO, COO and VPs of HR and sales to focus on their own goals and operational issues. While a CEO or COO may have a background in accounting or finance, they generally don’t possess the same level of technical acumen and experience that a chief financial officer brings to the table.

To make you understand it in simple words, let me explain it with an example. Suppose there is a website that allows people to buy and sell products. This website has a smart contract that governs how the transactions will take place. When someone wants to buy a product, they will send a request to the smart contract. The smart contract will then check if the person has enough money to buy the product. If they do, then the transaction will take place, and the product will be sent to the buyer. If the person doesn’t have enough money, then the transaction will not take place.

Fractional CFOs can help companies: Develop existing employees and hire new ones that bring essential knowledge and skills; Implement systems that will support sustainable growth; Improve visibility and analytical capabilities to convert large amounts of data into actionable information; Explore causes of revenue leakage, cost overruns, and operational friction in a growing business and develop potential solutions. A fractional CFO is also often brought into an organization to help achieve a particular goal, such as raising capital or preparing for a sale, merger, or acquisition. Most fractional CFOs have helped raise hundreds of millions of dollars of debt and equity funding for multiple companies, and have helped oversee a number of mergers and acquisitions.

As independent internal auditors, we compile in-depth audit reports that convey insights on both known and unknown risks and vulnerabilities in order to protect your business. We hold a niche in capital project auditing and in assisting start-ups with outsourced Internal Audit services.

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.

Many small and mid-sized organizations employ a bookkeeper or controller who maintains the financial system and records transactions in an accurate and timely manner. The CPA produces the tax returns and some basic performance analysis quarterly and at year-end. However, this leaves a significant gap in terms of the information and management reporting available. Business owners and entrepreneurs may lack the critical financial information needed for informed decision making; and for external purposes such as presentations to lenders or investors.

Looking to hire your first CFO or need interim coverage? We provide CFOs for immediate very short term objectives and longer term engagements. Adaptable with fair pricing so you cover your business and don’t have to get into a potentially bad and expensive full time hire. Along with the core services of C-Suite Level Executives in Finance and a contingent of Fractional CFO talent and experienced Intermittent CFO innovators, Panterra Finance services include: international Business – Experts in Global Tax Liabilities and Cash Flow Strategies, investments and planning. Mergers and Acquisitions (M&A) Advisory – Providing valuations as well as independent perspectives on offers and options. Internal Audits – Independent internal auditors with in-depth reports highlighting risks and vulnerabilities. Risk Management – A worldwide footprint enables Panterra Finance to identify risks and opportunities in the new world economy. Compliance Review – Actionable understanding when entering markets with new rules, regulations, laws and international asset allocation decisions. Find extra info at https://soundcloud.com/sam-mcquade-916428514.

Top 5 Formula 1 Auto highlights by Bill Trikos: Bottas lost the lead at the second standing start as Hamilton went around the outside into turn one – the first of a plethora of overtakes at the sweeping right-hander. Lance Stroll looked on course for a podium before a failure at the rear of his Racing Point pitched him into the barrier at the high-speed Arrabiatta corner, triggering a second red-flag period. Bottas was unable to capitalise on his front row start as Ricciardo slotted between the two Mercedes, whilst Albon’s overtake on the outside of Perez at turn three was a contender for move of the year. Hamilton held on though, whilst Bottas and Albon jumped Ricciardo for the podium spots – the Red Bull driver’s first in F1.

1999 European Grand Prix, Nürburgring : If chaos is the word to describe Canada 2011, sheer pandemonium best describes the 1999 European GP. It was set to be crucial even before lights-out, as a tense championship battle between Eddie Irvine for Ferrari, Mika Häkkinen for McLaren and surprisingly Heinz-Harald Frentzen for Jordan was ongoing. But when the race finally got underway – after the first start was aborted as a result of multiple drivers jumping it – well, words aren’t enough to allow you to comprehend what went on. Crashes, spins, mistakes, pit stop errors and more resulted in positions up and down the field – including the lead – constantly changing. All of it was made even more dramatic by the implications on the title fight, which seemed to be constantly evolving. However, I won’t spoil the final result of this one – it’s simply too good for you not to watch.

Brazilian Grand Prix 2019: For those who say there’s nothing left to play for after the championships have been sealed, show them the 2019 Brazilian Grand Prix at Interlagos, where there wasn’t a position on track left unchallenged and it ended in tears for many – both joy and despair in equal measure. This was Formula 1 in a microcosm. Canadian Grand Prix 2011: Formula 1’s longest-ever race was also one of its most dramatic, as McLaren’s Jenson Button overcame a crash with his team mate, a clash with Fernando Alonso, a puncture, a stop-go penalty for speeding under the Safety Car and a two-hour race stoppage to win, snatching victory on the last lap from Sebastian Vettel – having been dead last at one point during the Grand Prix. See extra info about the author at Bill Trikos.

2000 Japanese Grand Prix, Suzuka : The second-to-last race on this list is probably not one that in isolation as a single race deserves to be here. However, whilst the on-track action perhaps wasn’t that great, the following years would prove to us the significance of it, as it marked the beginning of the era of Michael Schumacher and Ferrari dominance in F1. The German driver and his Italian team had been battling for the world championship throughout the season with a Finnish driver and his British team, namely Mika Häkkinen and McLaren, both drivers trying to achieve their third title, with Ferrari attempting to claim their first in 21 years.

On arrival in Austin, the championship had already been decided, but nevertheless an exciting race lay ahead. Mercedes looked truly competitive for the first time this season thanks to the extensive update package brought by the German racing stable and Lewis Hamilton was eager for his first win of the year. At the start, Verstappen immediately took over the lead from Sainz and he built his lead, but lost it due to two safety cars. After this, he managed to retain the lead, but Hamilton was hot on his heels. Things then went completely wrong at Red Bull’s pit stop, which seemed to be Hamilton’s ultimate chance, but Verstappen had other plans and managed to outsmart his 2021 rival ten laps before the end.

2020 Italian Grand Prix, Monza : In the end, it came down to the final lap, Sainz finishing just 4 tenths of a second behind Gasly. The Frenchman took an emotional victory at his AlphaTauri team’s home track. Remarkably – with Stroll taking third place – the podium was the first since 2012 that didn’t have at least one of the three teams, Mercedes, Red Bull or Ferrari standing on it, not to mention that the race itself was a welcome relief to an, up to that point, quite dull 2020 season.

Quality operational excellence training firms: We empower people at all levels to make a difference and generate a sustainable return on investment. Irrespective of the challenge, we’re accessible and ready to stand shoulder to shoulder as your trusted transformation partner. For nearly two decades, Linea has supported prominent UK and International organisations in achieving exceptional performance and continuous improvement. Working in partnership with our clients, we have developed an enviable track record of rapid and sustainable improvement, overcoming complex challenges to deliver multi-million-pound savings. Read even more details on Efficiency Improvement Training. Delivery Focused: We’re renowned for our robust data-driven & delivery-orientated approach.

We deliver individual and team leadership capability development programmes, which enhance internal expertise and support self-sufficiency to create winning leaders, effective change management and knowledgeable, capable and empowered teams. Linea supports leaders and team effectiveness, regardless of experience, industry, speciality and locality to unlock the benefits of their personal development for your organisation, helping to realise transformational leadership potential, challenge preconceptions and overcome self-limiting beliefs to make dreams and aspirations a reality.

Holistically review and analyse the organisation’s starting position, to completely understand the needs of the business and identify the root causes of any challenges it faces, whether this be a change of business model, persistent underperformance, stagnation, or an imminent crisis. Assess the company’s operating position using our Financial & Operational Recovery Model (FORM)TM and develop a clear plan for how we will maximise the financial efficiency and operational improvement of the organisation. Our approach identifies the best-value areas for investment, efficiency, and cost reduction.

We have supported organisations applying the Excellence Model for many years, including International Award Winners. We support organisational excellence & self-sufficiency, using the EFQM Excellence Model from the European Foundation for Quality Management as a global quality framework for improvement. We assist teams to facilitate self-assessment and benchmarking, identify improvement opportunities and adopt a standard vocabulary through the use and deployment of the EFQM Model as an organisational management system.

We understand how these difficult & complex challenges can be overcome. Which is why we work closely with organisations to deliver effective change management solutions which address the root causes of these problems. This includes: Developing a coherent approach to backlog management by maximising existing utilisation, enhancing productivity & identifying additional ways to create new capacity by ‘sweating assets’, while developing innovative working processes, which transform culture. We understand that the strength of the healthcare sector and the health of the nation are directly linked. Therefore, we are committed to helping these organisations to successfully transform their operations and overcome current challenges, in order to ensure a bright future of responsive, efficient, affordable and patient-centred care for all.

Through our strategic change management support, we preserve value, improve results and deliver quantifiable positive impact. Our change management specialists are experts in the development and implementation of financial restructuring, process improvement & efficiency programmes. Providing unparalleled strategic alignment & deployment advice, timely operational support and hands-on delivery interventions, which achieve exceptional performance through continuous productivity & cost improvement and sustained transformational change management strategy.

We help businesses to outperform the competition through a continuous improvement process, leveraging our expertise in process improvement & efficiency. Our team utilises operational excellence methodologies such as Lean Six Sigma, EFQM and Agile to drive a continuous improvement cycle, enhancing performance and efficiency across frontline operations and corporate support services. The EFQM Model provides a strategic approach to transformation, which inspires leaders at every level and creates a culture committed to driving sustainable improvement and accelerated performance.

Our initial services focused on the logistics & manufacturing sectors. Driven by a fundamental desire to challenge convention, a strong achievement record, client recommendation and industry recognition, we continued our crusade, bestowing our knowledge and experience across a wide range of industry sectors, supporting clients in the pursuit of excellence and achievement of increased performance and efficiency. Over the years, we have honed our expertise, developed our service offer and expanded our client base, but our purpose remains unchanged. Today we benefit from an exceptional track record of overcoming complex challenges for prominent UK and International Public and Private Sector clients, delivering multi-million- pound savings. Read more details on https://www.linea.net/.