Artificial Intelligence

Resources

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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

What is the Future of Finance? 5 Ways That Artificial Intelligence Will Change the Finance Department

Over the past several years, artificial intelligence (AI), alongside several other technologies, has completely changed the way financial departments are operating. In fact, some of ...
Article

CFOs Need to Leverage Digital Finance or Risk Becoming Obsolete

In today’s data-driven business environment, CEOs and board members are applying extra pressure on their CFOs to provide them with real-time, data-backed decision support. However, ...

Consero FaaS: Disrupting the Outdated Traditional F&A Model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