Live Financial Reporting [temperature check]

1. Summary

We are a team of specialist web3 financial service operators who have worked with major ecosystem participants including Aave, Gitcoin, Index Coop, Squid, Aragon, Inverse Finance and Treasure DAO.

Transparency, credibility, and trust are the foundations of a successful web3 community. That’s why we want to start a dialogue with the Radiant community to provide best-in-class accounting and reporting services.

2. Motivation

Radiant has already created a number of excellent dune dashboards which is a step in the right direction to monitor performance metrics in real-time to help understand the platform’s performance at a glance.

While dune dashboards offer real-time insights into key metrics, they do not provide a compliant comprehensive view of financial performance. Live financial reports, on the other hand, offer a real-time, in-depth view of the DAOs financial health, including transaction volume, revenue, expenses, and more.

We believe transparency is the best way to win in web3 and through sound financial insights comes financial success. We feel our offering will enable Radiant to unlock its full potential. Here’s why:

Benefits of live financial reports:

  • Real-time insights: Stay up-to-date on the platform’s financial performance and make informed decisions to optimize growth and innovation.

  • Regulatory compliance: Avoid legal issues and regulatory scrutiny by meeting reporting requirements

  • Transparency: Increase transparency to build credibility and attract more users, developers, and investors.

  • Credibility and trust: Build a stronger relationship with DAO members and community stakeholders to achieve goals more effectively.

  • Growth opportunities: Identify opportunities for growth and innovation by analyzing financial data and comparing it to industry benchmarks and trends.

  • Create a comprehensive view of an organization’s operations by aggregating both on and off-chain data sources. This holistic approach can help identify areas for improvement, uncover new opportunities, and enable more informed decisions. Failing to aggregate off-chain data risks missing important insights and the full benefits of blockchain technology.

Paint points of insufficient financial transparency:

  • Missed opportunities or financial losses due to lack of visibility into financial performance.

  • Delayed decision-making due to outdated information.

  • Inefficient reporting practices that waste valuable time and resources.

  • Compliance risks that can result in legal issues, fines, or reputational damage.

  • Difficulty establishing transparency and building trust with community stakeholders.

  • Negative impact on reputation, making it difficult to attract new users, developers, and investors.

  • Inability to establish credibility and foster trust that those managing the organisation are doing it with the organisations best interests

  • Higher chances of community disengagement and collaboration, leading to less effective decision-making and community-driven initiatives.

3. How we can help

We have brought together a cutting-edge technology stack which provides an unparalleled live financial reporting services for web3 organisation. We operate as a service layer on top of this stack, delivering bookkeeping and financial reports services on top.

Pictures (and demos!) can speak a thousand words, so we’d recommend you explore the following to best understand how we can collaborate together:

Key benefits

  • Get real-time financial insights at your fingertips with our live dashboard – say goodbye to outdated reports and hello to informed decision-making!

  • Keep your eye on the prize with our North Star dashboard, your one-stop-shop for measuring success and driving growth.

  • Create a solid P/L and balance sheet that isn’t just a testament to your past success, it’s proof that your here to stay and ready to take on the future.

  • Stay ahead of the game with our real-time cash flow monitoring and scenario testing. Don’t let cash flow surprises catch you off guard.

  • Show to your community that you value transparent by embedding customised financial reports on your website

4. Next steps

We value the feedback and insights from the Radiant community on whether they would benefit from our services. If community sentiment is positive, we would look to arrange a session with the Radiant core team to do further exploratory work before sharing these findings back with the community.

Hello everyone, love the platform.

I’m a bit of a normie, but not completely. I have found the Radiant platform really easy to use and think that it has great potential for mass adoption.

I am encouraged by the buzz words: “transparency” and “financial performance” and without understanding the bigger picture, I like what I hear.

If I were able to understand more while researching less that would make me more comfortable leaving assets on the platform. Because Radiant is still fairly new I assume that this kind of transpancy is inevitable and this is more a question of whether the platform wants help or not. So what do the devs think?