Consero’s survey of 100 PE-backed CFOs finds them eager to tackle strategic initiatives, but often hindered by time-consuming basics

AUSTIN, Tex. — Today, Consero reported results of a survey of 100 PE-backed CFOs, done in partnership with Wakefield Research. The results found CFOs aware …

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Hiring, strategizing compete for CFO time: survey

Dive Brief: A finance and accounting (F&A) team’s functional skill sets and ability to deliver accurate and timely financials are the top functions necessary for …

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Consero Global Acquires BTQ Financial, Expanding Its Reach to the Non-Profit World With a Leading Provider of Finance as a Service to the Sector

AUSTIN, Texas, April 5, 2022 (Newswire.com) – Consero Global LLC, a pacesetter in Finance as a Service (FaaS), today announced that it has acquired BTQ Financial, a …

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Consero Named 50 Leading Companies of the Year 2022 by The Silicon Review

The Silicon Review Too many companies today have accounting and finance support which isn’t nearly as effective to measure up for success in today’s digital …

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The Financial Technology Report Names Scott Tynes of Consero Global One of the Top 50 Financial Technology CEOs of 2022

AUSTIN, Texas, March 29, 2022 (Newswire.com) – Consero Global LLC, a pacesetter in Finance as a Service (FaaS), today announced that its co-founder and CEO, Scott …

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Consero Identifies the Four Tenets of Finance as a Service (FaaS): A New Standard of Service

What is FaaS and how does it differ from other outsourced accounting and finance alternatives? AUSTIN, Texas, February 8, 2022 – With the proliferation of …

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Consero's Service Suite

Learn more about Consero’s Finance as a Service offering

Discover Why We’ve Earned Our Accolades

Consero FaaS: Disrupting the Outdated Traditional F&A Model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