Resources

Whitepaper

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

With the proliferation of companies selling “Finance as a Service” (FaaS) options, it may seem as if FaaS is merely a new marketing term for ...
Finance as a Service

5 Powerful Advantages of Finance as a Service (FaaS) for Investment Management Firms

Consero’s Finance as a Service (FaaS) is a fully-managed back office solution that blends leading financial technology and a skilled finance & accounting team designed ...
Article

How FaaS Can Help You Win the War for Talent

The phrase “war for talent” was coined by McKinsey & Co. in the late 1990s to describe an environment where competition among employers for skilled ...
SIMPL

SIMPL®: The Fully Integrated Software Engine Powering Finance as a Service (FaaS)

SIMPL® is Consero's finance and accounting software that gives you complete financial clarity from one intuitive, interface.
Transparent cube with blue border against black background
Article

eCommerce Accounting: Pros & Cons of Outsourcing

Make sure a proven vendor can handle the unique complexities of eCommerce when outsourcing finance and accounting.
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 ...
Accounting Software

Buy + Build Strategy: How to Create Unique Customer Experiences with Software

Purchasing software alone won't create memorable customer experiences.
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 ...
5 panelists in frame, including Wes Edwards, CFO, MedFirst
Finance as a Service

40-Clinic Network Gets Audit-Ready in 90 Days: MedFirst’s Rapid Finance Transformation

MedFirst’s CFO discusses fixing broken finance, delivering audit-ready closes, and unlocking growth within 90 days.

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