Resources

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Article

5 things private equity investors want out of the CFO

The CFO (Chief Financial Officer) is a financial expert responsible for managing the money dealings of a company. For a private equity investor, a CFO ...
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11 Key Internal Controls in Accounting (+ How to Outsource Them)

Outsourcing F&A offers clear advantages in separating duties and establishing internal controls to prevent fraud.
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Can outsourcing improve your business’s financial accounting processes?

Business owners and entrepreneurs start a business with many goals in mind. Tasks such as finance and accounting are often not something that business owners ...
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The rise of AI: How automation will affect the CFO’s role in the future

Automation is one of the most transformative forms of technology in existence. From assembly lines to high-level financial and accounting work, the ability of digital ...
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5 Finance Mistakes Small and Middle Market Businesses Make

Beginnings are always messy. If you run a small or even medium-sized business which is still shaky, there’s much work to be done to keep ...
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How will the new accounting standard, IFRS 15, affect processes for CFOs?

International Financial Reporting Standard 15 is already transforming the way CFOs measure metrics and handle other tasks. International Financial Reporting Standard (IFRS) 15 has been ...
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In-House or Outsource? How Outsourcing Finance & Accounting Saves Time and Money

All too often, businesses find themselves buried in a seemingly endless pile of paperwork, trying to collect payments from clients, make payments to providers, or ...
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Top tech gadgets every CFO needs in their arsenal

Tech gadgets can certainly enhance our effectiveness. If you’re a CFO, some useful devices can make a difference in your daily life. With so much ...
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Are Poor Financial Controls Costing You Money? Take the Consero Performance Assessment

Poor financial controls can create significant waste, fraud, or decreased credit rating – yet it happens to thousands of businesses every year.  A sound internal ...
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Consero awarded Sage Intacct President’s Club distinction – third year in a row

This coveted sales and customer satisfaction award is given annually by Sage Intacct to its top-performing channel partners. The award recognizes value added resellers (VARs) ...
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6 Things Private Equity Firms Look for in Companies

When private equity (PE) firms look for companies to invest in or buy, they have a set of criteria in mind. For starters, these companies ...
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Article

What is the Evolution of the CFO?

Certain CFO responsibilities will remain the same for years to come, but others may change rapidly for this increasingly important member of the C-suite. The chief ...

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