Consero brings a substantial upgrade to the processes and controls that typically exist at a small company.
The typical finance department at a small or medium business has immature processes and controls while relying heavily on paper-based financial processing. Most troubling, many lack formal policies and documentation with limited or non-existent financial controls to safeguard and monitor revenue and expenditures. This leads to inefficient transactional processing as well as inaccuracies and delays in the production of financial information and reporting. Now the company is susceptible to lost revenue, overpayments or even internal fraud. It also exposes the company to personnel-based “single point of failure” risks, which can derail growth efforts.
Consero has experienced people that that can improve the quality, efficiency and cost structure of financial operations. Our people, processes and technology puts these best practices in place:
Don’t reinvent the wheel; there are established and proven financial processes.
Although your business revenue model might be unique, most of your underlying processes shouldn’t and don’t need to be.
Integrate financial systems into a consolidated financial platform that allows data to be entered once and then shared.
Implement efficient and accurate processes, controls and reports on a company’s costs and revenue-related activities to combat fraud, including process checkpoints, preventative controls (a.k.a. segregation of duties) and detection controls.
Deploy a comprehensive reporting and forecasting tool to monitor existing activities and future needs.
“Because Consero had my finance & accounting completely buttoned up, including all supporting documentation, we were able to complete our transaction with a very quick and easy diligence process and maximize the valuation of the business.”
Eric BroughtonCEO, eSupply Systems, Inc.
“Before Consero, we struggled to document and implement solid controls for our high volume transaction environment. I wasn’t sure if Consero could take our half-baked processes and run with them. As it turns out, Consero built processes and took us to a place in 6-8 weeks that we had not been able to build over the prior 6-8 months.”