Block3 Finance

BACKGROUND

Please describe your company and position.

I am the Partner and Co-leader of Fasken

Describe what your company does in a single sentence.

Fasken is a leading international law firm with more than 900 lawyers and ten offices on three continents. Clients rely on us for practical and innovative legal services. We provide results-driven strategies to solve the most complex business and litigation challenges.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Block3 Finance to accomplish?

• We hired Block3 Finance to establish a reliable crypto accounting system, ensure tax compliance across jurisdictions, and provide monthly financial reporting.

SOLUTION

How did you find Block3 Finance?

• Online Search
• Clutch Site

Why did you select Block3 Finance over others?

• Close to my geographic location
• Pricing fit our budget
• Great culture fit
• Good value for cost
• Company values aligned

How many teammates from Block3 Finance were assigned to this project?

6-10 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

Block3 Finance took care of our cryptocurrency accounting system, prepared monthly financial statements for us, and made sure that we complied with taxes from different regions. They also helped us with regulatory advice, on-ramp/off-ramp solutions, and CFO advisory. The outputs they provided were vital for the scalability of our Web3 company.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

There have been some definite improvements made by the Block3 Finance. First, we met the complete requirements for taxes. Second, we made our reports easier to manage each month. Third, there was a reduction of 40% in the time taken to process transactions through the solutions of on-ramp and off-ramp that they provided.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Project management by Block3 Finance was very good. All deliverables were delivered in time and there was a high level of responsiveness from their side. We were confident about the handling of our financial activities because of their flexibility in managing regulatory changes.

What was your primary form of communication with Block3 Finance?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

What I liked most about Block3 Finance is their unique mix of cryptocurrency expertise and CFO consulting. Their customized approach, global perspective, and ability to integrate the on-ramp/off-ramp process were some factors that distinguished them from other service providers.

Are there any areas for improvement or something Block3 Finance could have done differently?

Block3 Finance delivered excellent results.

BACKGROUND

Please describe your company and position.

I am the vice president Retail Sales & Operations of a fashion company.

Describe what your company does in a single sentence.

Globally recognized as a leading company in the fashion industry. Has offices & stores located throughout the US and Canada. Founded in 1990, the brand has expanded to consist of hundreds of hardworking individuals in multiple areas of expertise.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Block3 Finance to accomplish?

• Delivering CFO-level reports to give us clear visibility into cash flow and profitability.
• Ensuring our crypto activities met both local and international tax regulations.

SOLUTION

How did you find Block3 Finance?

• Online Search
• Clutch Site

Why did you select Block3 Finance over others?

• Close to my geographic location
• Pricing fit our budget
• Great culture fit
• Good value for cost

How many teammates from Block3 Finance were assigned to this project?

6-10 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

Block3 Finance managed our crypto accounting setup, delivered monthly financial reports, and ensured tax compliance across jurisdictions. They also provided regulatory guidance, implemented on-ramp/off-ramp solutions, and offered CFO-level advisory services. Their deliverables gave us both operational clarity and strategic direction, which were critical for scaling our Web3 business.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

The efforts of Block3 Finance resulted in a significant improvement in our operations. We complied fully with tax laws, improved our monthly reporting process, and cut our transaction processing times by 40%, thanks to their on-ramp/off-ramp system. Our financial advisory from a Block3 Finance CFO added confidence among our investors and facilitated our fundraising process, whereas the accounting optimization helped save us 20% on overhead costs.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

Project management by Block3 Finance was superb as they delivered all their services within time frame, communicated effectively, and were always ready to respond to our requests. The flexibility in adapting to regulatory changes as well as the timeliness of information updates ensured that we are in safe hands.

What was your primary form of communication with Block3 Finance?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

I was impressed with Block3 Finance because of their rare blend of crypto expertise and CFO consulting services. Their customized approach, international experience, and capacity to simplify on/off ramping solutions are what make them different from other financial service companies. They know how challenging running a Web3 company can be and offer more than just accounting solutions.

Are there any areas for improvement or something Block3 Finance could have done differently?

Block3 Finance performed excellently.

BACKGROUND

Please describe your company and position.

I am the Engineering of G.Network Communications

Describe what your company does in a single sentence.

When it comes to business, there’s no city like London. But despite being a business powerhouse, getting a gigafast connection in our capital is costly and complicated. And that’s not good enough. So we’ve taken matters into our own hands and built a network that works as hard as you do.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Block3 Finance to accomplish?

• Ensure our blockchain-related transactions adhered to evolving tax regulations across jurisdictions.
• Implement precise bookkeeping processes for tokenized assets, wallets, and smart contracts.

SOLUTION

How did you find Block3 Finance?

• Online Search
• Clutch Site

Why did you select Block3 Finance over others?

• Close to my geographic location
• Pricing fit our budget
• Great culture fit
• Good value for cost
• Company values aligned

How many teammates from Block3 Finance were assigned to this project?

2-5 Employees

Describe the scope of work in detail. Please include a summary of key deliverables.

Tasks undertaken by Block3 Finance included tax law advice, establishment of the accounting system, audit for compliance, and frameworks for reporting for investors. In addition, they gave us risk assessment and process automation to enhance efficiency. This helped build confidence in terms of our compliance status and financial activities.

RESULTS & FEEDBACK

What were the measurable outcomes from the project that demonstrate progress or success?

The Block3 Finance firm made tangible changes to our tax laws and accounting practices. Readiness for audits was increased, thanks to a reduction in audit preparation time by 40% as well as an error reduction in our reconciliations by 25%. Their risk management helped us avoid liabilities, while clear reporting enhanced confidence from investors and regulatory agencies.

Describe their project management. Did they deliver items on time? How did they respond to your needs?

They exhibited outstanding project management skills. They delivered all materials in a timely fashion, maintained good communication, and responded well to our requirements. It was evident that their capability to adjust to changes in regulations and provide updates made us feel comfortable about our tax laws and accountancy practices.

What was your primary form of communication with Block3 Finance?

• Virtual Meeting
• Email or Messaging App

What did you find most impressive or unique about this company?

What's impressive about Block3 Finance is their combination of legal knowledge and accurate accounting skills. The way they were able to provide tailored solutions as well as the speed of their work was remarkable.

Are there any areas for improvement or something Block3 Finance could have done differently?

Block3 Finance delivered excellent results in tax law and accounting