Block

BACKGROUND

Please describe your company and position.

I am the VP of Advanced Insurance & Financial Services

Describe what your company does in a single sentence.

Advanced Insurance & Financial Services, LLC has over 30 years of experience in the insurance industry. Our company offers various lines of insurance including but not limited to home, flood, auto, life, health and commercial insurance.

OPPORTUNITY / CHALLENGE

What specific goals or objectives did you hire Block to accomplish?

• We needed expert guidance to ensure compliance with evolving crypto tax regulations across multiple jurisdictions.

SOLUTION

How did you find Block?

• Online Search
• Clutch Site

Why did you select Block over others?

• Pricing fit our budget
• Great culture fit
• Good value for cost
• Company values aligned

How many teammates from Block 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 crypto accounting system, provided us with monthly financial statements, and helped us maintain our compliance with tax laws everywhere we operate. In addition to that, Block3 Finance assisted us with regulations, offered us an on-ramp/off-ramp solution, and served as CFOs. All of their deliverables brought us clarity and strategy.

RESULTS & FEEDBACK

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

The work of Block3 Finance has resulted in tangible benefits for our organization. We reached full compliance with all the tax requirements, managed to simplify the process of reporting every month, and decreased the time needed to process transactions by 40%, thanks to their on and off ramps. The advisory at the level of CFO increased the confidence of investors and made it possible to attract funding.

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

Block3 Finance managed their project very well. They provided us with everything in time; they communicated effectively, and were always ready to cater to our requirements. Their adaptability to any regulatory requirements, as well as providing timely information to us, helped us feel comfortable about our financial dealings.

What was your primary form of communication with Block?

• Virtual Meeting
• Email or Messaging App

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

Block impressed me with their distinctive blend of expertise in the crypto sphere and CFO-level consulting. Their customized services, extensive experience and efficient ways to implement on and off ramps distinguish Block3 from other financial service companies. They really know how difficult it is for Web3 businesses.

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

It is impossible for me to think of a situation in my company which has not been addressed satisfactorily.