Resources

Thumbnail featuring three guests from webinar how CFOs can be strategic partners
Events and Webinars

How CFOs can be a strategic partner to the CEO and investors [Webinar]

Longtime Consero client, Scott Sanders, CFO of Broadway Technology, a software and fintech company backed by Long Ridge Equity, BC Partners and HPS Investment Partners, ...
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Article

Why Marketplace eCommerce Needs Finance As A Service (FaaS)

The rapidly growing eCommerce sector needs an innovative and robust solution for building and scaling the finance function.
How Finance as a Service is Delivered with Pre-Built Integration to Enterprise-Level Financial Systems
Article

How Finance as a Service is Delivered with Pre-Built Integration to Enterprise-Level Financial Systems

In today’s highly digitized business environment, businesses need to move away from paper-based systems and turn to technology to remain competitive in the market. Finance ...
Events and Webinars

Finance as a Service: Buy + Build Strategy – Creating Amazing Customer Experiences and Services

Bill Klein, President of Consero, is an entrepreneur with over 20 years of experience with technology and services organizations ranging from startups to large organizations. ...
Whitepaper

Guide to Outsourced Finance & Accounting for Investment Management Firms: The Finance as a Service solution

Alternative Asset Managers face a pressing dilemma. Their focus is rightly on managing their investments and relationships with investors, but they still need to fulfill ...
The Future of The Professional Service Sector
Article

The Future of The Professional Service Sector

There have been many significant changes throughout the past decade that have impacted how experts in the professional service industry work. The trends associated with ...
Case Study

How Client-centric Tech Revolutionizes The Finance Function

Consero Global partnered with thinkbridge to create an elegant tech offering for their Finance as a Service solution, built around what their clients actually need ...
The Benefits of FaaS for Professional Service Firms
Article

The Benefits of FaaS for Professional Service Firms

Finance as a Service (FaaS) is quickly becoming one of the most popular ways for Professional Service firms to save money. Professional Services organizations, such ...
The Changing Role of CFOs in Professional Services
CEO / CFO

The Changing Role of CFOs in Professional Services

In today’s highly volatile and uncertain business environment, technology has also played its part in the overall disturbance. The rise of cloud computing and automation ...
Events and Webinars

CFO Client Discussion with Wes Edwards, CFO of Multi-Location Healthcare MSO (backed by Sverica)

Consero’s Finance as a Service enabled the newly hired CFO to focus on being a strategic partner to the CEO with confidence that the basic ...
How Finance as a Service Helps Professional Service Organizations
Article

How Finance as a Service Helps Professional Service Organizations

Professional services have seen a tremendous boom in recent years, with the number of companies in this sector growing significantly over the last decade. Professional ...
Events and Webinars

An Interview with Bill Klein – Using technology to deliver amazing customer experiences – Season 1: Episode 1

In this episode, Bill Klein, the Co-founder and President of Consero, discusses the way they are changing the way business build and maintain the finance function with ...
What is The Importance of Accurate and Timely Financial Reporting for Saas Companies?
Article

Why is Accurate and Timely Financial Reporting Important for SaaS Companies?

Financial analysis and reporting provide valuable insight, enabling companies to stay compliant while making more efficient decisions about their income or expenditure-focused initiatives. Evidence-based reporting ...
How to Optimize SaaS Productivity and Efficiency With Financial Cloud-Based Platforms?

How to Optimize SaaS Productivity and Efficiency With Financial Cloud-Based Platforms?

Businesses of all shapes and sizes are turning to digital technology in the 21st century to increase their profitability. Cloud-based financial software platform providers offer ...
Events and Webinars

Cocktails and Consero: Client Discussion with CFO of Pelitas

CFO of PE-backed Pelitas shares his story of how he was able to stay focused on strategy and the 100-day plan vs. managing the finance ...

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