Resources

glass building with sun setting behind
Article

How to get your F&A function at or under 1% of revenue

Here's how to build and optimize a lean and agile finance function.
Article

Why private equity firms get meaningful partnerships by outsourcing

Choosing to outsource accounting and the administration role is a huge decision for every private equity fund manager. With that in mind, we are here ...
Skyscrapers
Article

The impacts of ASC 606 and why private equity firms need to pay more attention

You have probably heard by now about the new revenue recognition standard that goes by the acronym ASC 606. If you have, you know its ...
How Bill.com is an essential part of Consero’s FaaS model
Accounting Software

How Bill.com is an essential part of Consero’s FaaS model

Consero founded in 2006, and from the very start, we wanted to focus on providing high-quality service to high-growth companies. We aimed at offering a ...
Man sitting on couch using laptop
Article

Consero Global’s Inside the Portfolio Series: How Gimmal found a new gear

Gimmal’s private equity backers saw the potential for the records management company to transition from services to software, but first, Gimmal had to ensure the ...
Charts and graphs agianst a blue and black background
Article

How Automation and AI Will Reshape the Financial Close

Leveraging advances in automation and artificial intelligence will transform empower financial teams to achieve greater accuracy, efficiency, and strategic value in the financial close process.
Person working at desk pointing to laptop
Article

A new revenue recognition standard for GAAP companies

All companies in the US, mostly private companies that follow the U.S. Generally Accepted Accounting Principles, or GAAP, need to start implementing the new revenue ...
Several business people standing in board room
Article

What should private equity firms do if their portfolio companies are always late in providing financials?

In our cooperation with many private equity firms, we’ve realized one thing – they all have very similar problems with their portfolio companies. It is ...
Business team gathered around table from the shoulders down
Article

Finance & Accounting Turnover: Why Key Members Leave + What to Do

Key members tend to leave F&A teams when they're overworked and lack the tools to be successful. Third party providers help address the core reasons ...
Woman and two men looking at computer
Article

In-House vs. Outsourcing Finance & Accounting: How to Decide Which is Right for Your Business

Evaluate whether you should leverage a finance and accounting partners or build your finance function in-house.
Business people looking at tablet with charts
Article

Why PE portfolio companies struggle to generate timely & accurate financials

The private equity firms of the world deal with a lot of money – the whole market is worth around 3 trillion dollars according to ...
Pair of glasses on top of white sheet with pie chart
Article

How does Consero prepare a portfolio company for the exit?

Every private equity firm out there, when they make an investment and acquire a company, they are already thinking about their end game – their ...

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