Resources

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4 Things private equity should look for in an outsourced provider

Many private equity firms are looking to outsource their finance and accounting needs. We have long since reached a point where using a third-party provider ...
Article

Why private equity firms are turning to professional finance and accounting providers

It’s relatively well known today that private equity firms always turn to ROI when they are contemplating making specific buying decisions. PE firms do this ...
Article

Top 6 traits of strategic CFOs

The role of the CFO is an ever-changing one. In the last decade or so, with the emergence of new technologies and new ways of ...
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What should a CFO do to become personally effective?

We took a look at what Gartner has found, and we were honestly surprised: Only one in every five CFOs can be considered as personally ...
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How should the CFO build a data-driven company

Many companies are already operating in a data-driven manner. While plenty of them are useful in their efforts, we would contend that there is still ...
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Accounting Software

Sage Intacct gets another highest product score for financial management solutions

Sage Intacct is the market leader when it comes to cloud-based financial management solutions, which is why we at Consero have integrated them into our ...
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Article

The Most Important KPIs You Need For Better Decision Making Are Data-Driven

Tracking and monitoring key data-driven KPIs will help make more consistently sound business decisions to propel your company's growth forward.
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The art of the roll-up, part II: Integrating acquisitions into a roll-up

As a private equity firm completes an acquisition, it’s vital that certain finance and accounting activities at the portfolio company continue uninterrupted, regardless of the ...
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Article

How private equity investors can get the most from their CFO

GPs may be eager to leverage the talents of portfolio company CFOs, but managing the tactical responsibilities of the finance department can interfere with the ...
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Article

5 Most Important SaaS Metrics Investors Need to See

These are the five most important metrics at each stage of your journey to reach $100 million with your SaaS company.
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Article

Bad Books Can Cost You With Private Equity Investors

Your books can make or break your next transaction.
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The art of the roll-up, part I: The value of a smooth integration of the finance function

As buy and build strategies became a staple strategy for private equity firms, it’s important for firms to remember the value of a smooth roll-up ...

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