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

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: LinkedIN: linkedin.com/company/the-accountant-quits Twitter: twitter.com/accountantquits Follow Tres Finance: Twitter: https://twitter.com/TresDotFinance Follow Tal Zackon: Twitter: https://twitter.com/TalZackon Review If you enjoy the podcast, would you please consider leaving a short review on Apple Podcasts/iTunes. Website For show notes and past guests, please visit theaccountantquits.com/podcast/