SPRING 2022

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?

Learn how to overcome the obstacles

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?

Consero FaaS: Disrupting the Outdated Traditional F&A Model

Transformation

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