#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)

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Twitter: https://twitter.com/TresDotFinance

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Twitter: https://twitter.com/TalZackon

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