CFO Survey: See how investor-backed CFOs are optimizing for growth

A survey of 100 PE-backed CFO's. .

Get the Powerful Insights to See What You Should Be Considering

What is blocking CFOs from focusing on strategy?

of CFOs report underestimating the time it takes to migrate their F&A processes
0 %
of the standard workweek is what CFOs say the process for building an F&A team takes
0 %
of CFO time should be spent on strategic planning for the company
0 %
“ Implement a strategy that will point out the biggest expenses and cut all unnecessary ones.”
- Surveyed CFO

Executive Summary

After closing an investment from institutional investors in the private equity and venture capital industry, a company’s need for an optimized and rigorous finance and accounting function becomes critical.

The functional and technical skillset of the team, and the team’s ability to deliver timely and accurate financials are table stakes. Post investment, institutional investors immediately expect the Finance & Accounting organization to serve as a value driver for the business with clean data and KPIs and the ability to provide strategic direction to the CEO, investors, and the board. What is consuming the CFOs time and preventing them from executing on the CEOs vision?

Read more in the full survey. 

"PE companies tend to require enterprises to operate at a faster pace than that to which they might previously have been accustomed, and that's something a CFO has to deal with."
- Surveyed CFO

Consero FaaS: Disrupting the Outdated Traditional F&A Model

  • Cash to GAAP conversion
  • Clean-up work
  • Interim oversight & support
  • Accounting software Implementation

Build it Yourself Solution

  • CFO / Interim CFO
  • Consultants / VARs

Consero FaaS Solution

  • CFO / Interim CFO
  • or Consero Interim CFO
  • Consero Setup/Transformation
Ongoing F&A
  • Monthly financials
  • Daily accounting support
  • Management reporting
  • Integrate add-on acquisitions

Build it Yourself Solution

  • CFO
  • Controllers & Accounting Team
  • Enterprise Accounting Applications

Consero FaaS Solution

  • CFO
  • or Consero Fractional CFO
  • Consero FaaS Enterprise F&A Software and Services

New PE Platform Investment F&A Challenges

Founder Owned Company Accounting:
  • Existing accounting done on a cash/hybrid basis
  • Run on SMB accounting software and other disparate applications
  • Inability to produce auditable financials
  • Lack of know-how to develop projections & KPIs
  • No consistency/structure to customer contracts
  • Underqualified staff
  • Non-scalable manual processes
Carve-Out Accounting:
  • Required to move off parent company accounting applications in a timely fashion
  • Have to build an entire F&A team
  • No documented operational policies and procedures
To Optimized Finance & Accounting:
  • Monthly financials available in 5-10 business days
  • Audit and diligence ready support details
  • Integrated enterprise grade accounting software
  • Budget and forecast reporting
  • Business KPIs
  • Efficient & scalable processes for rolling in add-ons