Real Clients Solving Real Finance Problems

Pain Points:

• Needed more finance and accounting staff to support day-to-day operations
• All KPIs and data were manually maintained
• Unable to leverage automation with modules as intended due to improper in-house setup of Sage Intacct

Consero Impact:

• Consero provided fractional support for additional bandwidth as the business evolved
• Provided automated reporting outputs and SaaS KPI package
• Fully implemented Consero’s SIMPL® software stack, including Sage Intacct, and defined processes to support proper mitigation and drive efficiency in the teach stack

Pain Points:

• Recently carved out from a larger entity and did not have a general ledger or related systems, processes and team
• CFO wasn’t confident in the accuracy of business contracts

Consero Impact:

• Implemented full finance and accounting tech stack, established standard procedures and policies and provided a team to support PE-backed reporting
• Consero’s “Wolf Team” provided resources to review all contracts to ensure proper revenue treatment

Pain Points:

• CEO didn’t have the capacity to take on accounting duties
• Company required accurate reporting of KPIs and metrics

Consero Impact:

• Consero implemented its scalable best-in-class finance and accounting systems and infrastructure to automate processes and workflows
• Consero aligned with management to ensure all KPIs are placed in an automated fashion, providing clear visibility into critical areas to grow the business

Pain Points:

• Extensive reporting requirements from more than ten investors
• Capacity constraint was a barrier to growth with only two people on the finance team
• Needed to support international expansion into new markets

Consero Impact:

• Consero proposed a KPI package that provides strategic and operational analytics to support business decision making
• Implemented a full finance and accounting function in only 30 days to support transactional accounting
• Consero provided expertise in U.S. GAAP and IFRS to include consolidated reporting in U.S. and local currencies

Pain Points:

• Preparing for exit and needed professionalized finance and accounting function to ensure readiness
• Lacked standard processes for vendor management and contract management

Consero Impact:

• Ensured due diligence readiness based on optimizing and standardizing the finance and accounting function to meet investor needs
• Established and documented standard processes, internal controls and accounting policies within 30 days

Pain Points:

• Lacked ability to make strategic decision based on actual financial results on a real-time basis
• Goal to increase total franchise agreements quickly over next 1.5 years

Consero Impact:

• Consero assigned a VP of Finance to manage the finance and accounting team and provided monthly financial highlights
• Consero’s implementation team supported additional franchise setup and ensured month-end close support was not impacted

Pain Points:

• Managed all deferred revenue manually in Excel with no ability to tie milestones and subcontracts within the general ledger
• No system for tracking bookings versus accounts receivable
• No team to support due diligence readiness

Consero Impact:

• Proposed revenue management module that fully automated revenue recognition and created a single source of truth
• Optimized process to track bookings at the Sales Order level and include milestone date targets
• Consero provided a dedicated team experienced in investor requirements to manage reporting and Saas metrics

Pain Points:

• Lacked the skilled staff to manage the back-office activities and the day-to-day transactional accounting
• Top priority was raising capital and needed documented processes in place that allow audit and due diligence readiness

Consero Impact:

• Consero provided a VP of Finance and CFO level resource with cost savings over hiring in-house staff
• Consero defined GAAP compliant accounting policies, recorded financials historically and transacted according to GAAP to ensure timely and accurate reporting

Pain Points:

• Organization had outgrown QuickBooks and needed a scalable general ledger platform
• Used a mix of cash and accrual accounting and needed conversion to accrual

Consero Impact:

• Migrated company off QuickBooks and implemented a fully integrated, scalable technology stack with Consero’s SIMPL® including Intacct, Bill.com, Nexonia and Blackline in just 30 days
• Consero implemented its defined standard accounting processes that currently supports over 2 customers

Pain Points:

• Turnover within the finance and accounting function led to risk in timeliness and accuracy of deliverables
• Lacked a general ledger system
• Reporting was Excel spreadsheet-based

Consero Impact:

• Delivered industry expertise and aligned the correct scale and level of HR and Administrative resources
• Implemented best-in-class processes and automated visibility with SIMPL®, powered by Intacct and other 3rd party applications such as Bill.com

Pain Points:

• CEO ran payroll and managed expenses on an unscalable system
• No accounting processes in place to ensure compliance or audit readiness

Consero Impact:

• Provided guidance on HR/Payroll best practices and implemented a tech stack to support growth
• Designed, developed and executed accounting process to ensure the fund will be auditable and compliant with all standards

Pain Points:

• Accountant was unable to manage the finance & accounting function and close was often delayed
• Required optimize systems to include scalable general ledger with Salesforce integration
  Needed three-statement model and a skilled resource to manage

Consero Impact:

• Consero’s solution included controller level down transactional accounting team that managed all accounting activities to include month-end close by business day 10
• Provided a fully-integrated finance and accounting tech stack with Salesforce integration
  Implemented FP&A budget and forecast model which included a three-statement model and an analyst to manage the system