Resources

CEO / CFO

What Are The Limitations of QuickBooks Online?

In April 2019, Intuit Inc. (the creator of the QuickBooks accounting software) introduced new usage limits in QuickBooks Online (QBO) software, which affected the number ...
CEO / CFO

Why Outsourced Finance and Accounting Services Are Cost-Effective Solutions

The traditional business structure incorporates various departments within an organization – production, advertising, marketing, sales, accounting, IT, HR, etc. Each department is led by the ...
CEO / CFO

How Outsourced Finance and Accounting Services Increases Business Efficiency

If you want to meet regulatory requirements, increase profits, and reduce overhead costs, you should take advantage of finance and accounting outsourced services. With the ...
CEO / CFO

Finance Organization Strategy and Structure in 2022

Growing the business, improving operational excellence and performance management, and executing business transformation are top priorities and responsibilities for most organizations in 2022. Yet, high ...
CEO / CFO

Every Day is CX Day at Consero

The first Tuesday of every October is Global CX Day (Global Customer Experience). This is a day when the CX community celebrates the professionals and ...
CEO / CFO

Finance Technology Optimization in 2020

For a very long while, new market entrants found it difficult to break into the financial service industry. However, this is not the case anymore. ...
CEO / CFO

Operational vs. Strategic Financial Leadership

The CFO (Chief Financial Officer) role has changed significantly over the past ten years. The traditional role of the chief financial officer included reporting, preparing ...
CEO / CFO

Is Finance as a Service Right for My Company?

Digital SaaS (Software as a Service) platforms have been the catalyst for several major disruptions, and they have also been gaining substantial ground in the ...
CEO / CFO

How Finance as a Service Improves Financial Visibility

CEO / CFO

FaaS Resiliency: Why Some Finance as a Service Providers Are Built to Last

The economic fallout from COVID-19 has already prompted the closure of one notable FinTech provider, leading some to wonder about the health of the rest of ...
CEO / CFO

Investor Roundtable: Raising Capital Amidst COVID-19 – Investors Perspective

(filmed June 4, 2020) Consero’s Private Equity Roundtables enable Investors & Portfolio CEO’s/CFO’s the opportunity to gain valuable understanding and share actionable information for the middle-market tech ...
CEO / CFO

How Does the Lifetime Value of a Customer Affect Recurring Revenue Businesses?

When developing and implementing a customer experience program, customer satisfaction and Net Promoter Scores are two important KPIs to track because they help your company ...

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