Resources

What Is Outsourcing With Finance as a Service
Article

What Is Outsourcing With Finance as a Service?

In today’s highly disrupted and unpredictable business environment, operating a company, be it a startup or a multinational organization, will come with its series of ...
The Ultimate Guide to Finance as a Service
Article

The Ultimate Guide to Finance as a Service

Finance as a Service (FaaS) can provide organizations with enhanced reliability, timeliness, and quality insight into their financial performance. This solution empowers SMBs to focus ...
Finance as a Service

From Transactional to Strategic: A Controller’s Leap with Consero

Standardized processes, automated closes, and migration from QuickBooks free Controller to focus on strategic work.
Mike Dionne, CFO of RightNetworks
Mergers & Acquisitions

Right Networks CFO Transforms M&A with Finance as a Service

Right Networks' CFO streamlined acquisitions, reduced time spent on routine tasks, and shifted focus to strategic growth with Consero.
How Do You Measure Your Customer Retention Rate

How Do You Measure Your Customer Retention Rate?

Many businesses focus their attention on getting as many new customers as possible to make sales. However, loyal customers are, in fact, the foundation of ...
What is The Accounts Receivable Turnover Ratio
CEO / CFO

What is The Accounts Receivable Turnover Ratio?

How do companies measure their efficiency? How can they calculate whether the payments they’re collecting are enough to cover their expenses and finance their future ...
Events and Webinars

Master Add-On Acquisitions: Proven Lessons from 35+ Deals Closed

Seasoned operators share their proven add-on acquisition strategies.
Business man at desk frustrated
Article

Common Finance Mistakes Made by Private Equity Portfolio Companies

The finance and accounting team of a Private Equity portfolio company needs to deliver clear financial insights and do it quickly. However, these teams often ...
CEO / CFO

How the Finance Function Creates Value for Private Equity Portfolio Companies

When we look at the typical finance and accounting function within a company, we’ll find a range of accounting activities – payroll administration, customer invoicing, ...
consero_inhouse_vs_outsource_infographic
Case Study

How Consero helped BigCommerce grow from start-up to one of the year’s hottest IPOs

For the past nine years, BigCommerce relied on Consero’s Finance as a Service [FaaS] model and found that the tech-enabled service provider scaled up well ...
Hand holding pencil using a laptop track pad
Accounting Software

Where to Go When You Outgrow QuickBooks

There are several finance and accounting solutions for companies that have outgrown QuickBooks, but one clear winner.
CEO / CFO

What Are The Limitations of QuickBooks Online?

In April 2019, Intuit Inc. (the creator of the QuickBooks accounting software) introduced new usage limits in QuickBooks Online (QBO) software, which affected the number ...
Laptop page showing charts and graphs
Accounting Software

Are There Disadvantages of Using QuickBooks Online?

Some of the major disadvantages of QuickBooks Online include maintenance costs, the cost of additional features, and lack of control over your data.
Screenshot of QuickBooks logo and customer rating
Accounting Software

Why Companies are Outgrowing QuickBooks

Rapidly scaling businesses are finding that QuickBooks tools weren't built to grow along with and support their advanced reporting requirements. Fortunately, better alternatives are available.
CEO / CFO

Why Outsourced Finance and Accounting Services Are Cost-Effective Solutions

The traditional business structure incorporates various departments within an organization – production, advertising, marketing, sales, accounting, IT, HR, etc. Each department is led by the ...

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