Why do private equity portcos struggle with their finance & accounting function?

Everything changes.
We’ve changed the way we taxi.
We’ve changed the way we find
We’ve even changed the way we watch TV.
So, why are we still trying to fix accounting and finance the same way we were 30 years ago?

You’ve experienced this time and time again. The accounting and finance functions of the portfolio companies you acquire or manage are almost always broken.

Whether it’s the wrong systems, wrong personnel, turnover, or they aren’t staffed up to scale, it’s always a headache trying to right the ship when so many things aren’t being done correctly.

And to make matters worse, it’s nearly impossible to diagnose what’s wrong when you’re receiving inaccurate or untimely data or financials.

So, where does that leave you?