Artificial Intelligence

Resources

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Article

What is digital transformation and why is it important?

The term “digital transformation” has been thrown around a lot, particularly in the past decade. But what is it? Is it a trend or the ...
Article

How is machine learning used in finance?

With artificial intelligence (AI), robotic process automation (RPA) and smart analytics powering the future of finance and accounting, manual bookkeeping and spreadsheet-based solutions will soon ...
Article

What is the future of finance and accounting?

To survive in today’s highly competitive business environment, you need to increase efficiency and agility, particularly if your business goals include driving growth, introducing new ...
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Article

The ultimate guide to modernizing your finance department

Today’s highly competitive, data-driven business environment demands that organizations let go of traditional finance activities and embrace the digital revolution. Because modernizing your finance operations ...
Article

The future of finance 6 ways that artificial intelligence will change the finance department

The finance department has been undergoing a lot of change in the past two decades. The modern technology of the 21st century has had a ...
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Artificial Intelligence

How CFOs Maximize the Value of Software and AI to Drive Better Business Decisions

CFOs today must leverage software and artificial intelligence (AI) to improve their organization’s financial performance, decision-making, and competitive edge. This e-book covers the pathways to ...
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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.
Article

The rise of AI: How automation will affect the CFO’s role in the future

Automation is one of the most transformative forms of technology in existence. From assembly lines to high-level financial and accounting work, the ability of digital ...

Consero FaaS: Disrupting the Outdated Traditional F&A Model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