Real Clients Solving Real Finance Problems

Pain Points:

• Lacked processes and technology to support M&A plans
• Skills in the accounting team were misaligned with what was required
• Needed a team to support and successfully pass audits

Consero Impact:

• Quickly integrated acquisitions by leveraging Consero’s standard acquisition add-on playbook
• Installed a team that is skilled in high-growth, PE-backed environments with significant M&A and purchase accounting experience
• Supported audit activities and preparation for future audits

Pain Points:

• CEO didn’t have the capacity to take on accounting duties
• Company required accurate reporting of KPIs and metrics

Consero Impact:

• Consero implemented its scalable best-in-class finance and accounting systems and infrastructure to automate processes and workflows
• Consero aligned with management to ensure all KPIs are placed in an automated fashion, providing clear visibility into critical areas to grow the business

Pain Points:

• Lacked ability to make strategic decision based on actual financial results on a real-time basis
• Goal to increase total franchise agreements quickly over next 1.5 years

Consero Impact:

• Consero assigned a VP of Finance to manage the finance and accounting team and provided monthly financial highlights
• Consero’s implementation team supported additional franchise setup and ensured month-end close support was not impacted

Pain Points:

• Organization had outgrown QuickBooks and needed a scalable general ledger platform
• Used a mix of cash and accrual accounting and needed conversion to accrual

Consero Impact:

• Migrated company off QuickBooks and implemented a fully integrated, scalable technology stack with Consero’s SIMPL® including Intacct, Bill.com, Nexonia and Blackline in just 30 days
• Consero implemented its defined standard accounting processes that currently supports over 2 customers

Pain Points:

• Accountant was unable to manage the finance & accounting function and close was often delayed
• Required optimize systems to include scalable general ledger with Salesforce integration
  Needed three-statement model and a skilled resource to manage

Consero Impact:

• Consero’s solution included controller level down transactional accounting team that managed all accounting activities to include month-end close by business day 10
• Provided a fully-integrated finance and accounting tech stack with Salesforce integration
  Implemented FP&A budget and forecast model which included a three-statement model and an analyst to manage the system

Pain Points:

• Private equity firm wanted a professionalized finance function after acquiring several businesses for a platform play
• Company wanted a scalable finance & accounting solution, documented processes and best-in-class finance and accounting technology

Consero Impact:

• Consero implemented a pre-integrated and cloud-based Finance & Accounting tech stack and skilled team in 30 days
• Consero began closing the books by business day 10 and SIMPL® platform enabled quick access to statutory reporting
• Implemented Intacct’s Multi-Currency & Global Consolidations module

Pain Points:

• CFO needed to focus on developing and executing strategy
• Business needed support for an upcoming acquisition – the systems and team could not handle the integration
• Needed to eliminate CFO from transactional accounting and day-to-day activities

Consero Impact:

• Consero provided the VP of Finance as the main point of contact to lead the underlying Consero finance team and also create oversight and consistency
• Provided full access to financial experts and a full accounting operating team to support the M&A strategy
• Consero provided Controller and financial operations team to manage day-to-day functions which alleviated the CFO from being consumed with tactical day-to-day activities

Pain Points:

• Controller departed and team had limited in-house finance resources
• Finance and accounting systems did not fully support the business operations
• Company lacked timely financial statements and month end close process took over 20 days

Consero Impact:

• Provided an experienced VP of Finance as the primary point of contact
• Consero’s tech stack enabled automated processes with documented workflows and strong internal controls
• Consero began closing the books by business day 10 and the SIMPL® platform provided reporting and access to all financial information in one easy to access location

Pain Points:

• Needed to standardize outputs of the finance & accounting function
• Investors required increased visibility into the performance of the business
• Needed to develop and document optimized processes to enable the finance and accounting function to scale with the business and reduce the risk of employee turnover within the department

Consero Impact:

• Consero implemented a pre-integrated, cloud-based finance and accounting tech stack and a finance team in 60 days
• Consero began closing the books by business day 10 and the SIMPL® platform provided reporting and access to all financial information in one easy access location
• Provided a controller and a team of staff-level Accountants to manage day-to-day finance transactional support