Resources

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Article

How does outsourcing finance and accounting help CFO’s?

With the success of the organization’s finance department resting on the Chief Financial Officer’s ability to manage the business finance operations properly, it is crucial ...
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Article

How the CFO role is evolving with the corporate controllers becoming more crucial

Finance and accounting teams in high-growth companies cannot operate without high-level strategic guidance from a finance executive, like a CFO. In recent times, this is ...
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Article

Optimizing the finance function as part of your 100-day plan

Every private equity firm needs to have the finance function of their portco optimized through a 100-day plan. In most cases, the job is placed ...
Robert Alvarez from Big Commerce in interview
CFO Support

BigCommerce

Robert Alvarez is a two-time winner of the Austin Business Journal’s “CFO of the Year”. Hear how he gained efficiency and control.
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Article

Why does private equity often fail at hiring the right CFOs?

First of all, we have to start by saying that this is a very hot topic right now. Many people want to be Chief Financial ...
Article

The expanding role of the CFO

The Austin Chapter of the CFO Leadership Council met recently for a panel addressing industry-wide changes to the role of Chief Financial Officers. Thought leaders from BigCommerce, ...
Article

Strategic CFOs are gaining greater control through outsourcing

Chief financial officers (CFOs) struggle to strike a balance between strategizing long-term business goals, while ensuring that short-term tasks get completed. It’s difficult to focus ...
Article

Transaction processing a prime target for improvement

Most CFOs are already well aware of the fact that routine transaction processing is costing their finance and accounting teams time, money and growth potential. ...

Consero FaaS: Disrupting the Outdated Traditional F&A Model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