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Stay informed and find the solution to your finance and accounting challenges with Consero's research, events and webinars, case studies, and more.

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Featured Resource

the roi of outsourced finance

The ROI of Outsourced Finance & Accounting

The Finance as a Service solution offers growing organizations greater flexibility, efficiency, scalability, and cost savings than traditional F&A department building.
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The Latest Resources

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Article

How to get your F&A function at or under 1% of revenue

Here's how to build and optimize a lean and agile finance function.
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Why outsourcing can lead to meaningful partnerships for private equity firms
Article

Why private equity firms get meaningful partnerships by outsourcing

Choosing to outsource accounting and the administration role is a huge decision for every private equity fund manager. With that in mind, we are here ...
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Skyscrapers
Article

The impacts of ASC 606 and why private equity firms need to pay more attention

You have probably heard by now about the new revenue recognition standard that goes by the acronym ASC 606. If you have, you know its ...
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How Bill.com is an essential part of Consero’s FaaS model
Accounting Software

How Bill.com is an essential part of Consero’s FaaS model

Consero founded in 2006, and from the very start, we wanted to focus on providing high-quality service to high-growth companies. We aimed at offering a ...
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Article

Consero Global’s Inside the Portfolio Series: How Gimmal found a new gear

Gimmal’s private equity backers saw the potential for the records management company to transition from services to software, but first, Gimmal had to ensure the ...
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Article

How Automation and AI Will Reshape the Financial Close

Leveraging advances in automation and artificial intelligence will transform empower financial teams to achieve greater accuracy, efficiency, and strategic value in the financial close process.
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Person working at desk pointing to laptop
Article

A new revenue recognition standard for GAAP companies

All companies in the US, mostly private companies that follow the U.S. Generally Accepted Accounting Principles, or GAAP, need to start implementing the new revenue ...
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Article

What should private equity firms do if their portfolio companies are always late in providing financials?

In our cooperation with many private equity firms, we’ve realized one thing – they all have very similar problems with their portfolio companies. It is ...
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Service - Transactional Bookkeeping

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 get our groceries. We’ve even changed the way we watch TV. So, ...
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Business team gathered around table from the shoulders down
Article

Finance & Accounting Turnover: Why Key Members Leave + What to Do

Key members tend to leave F&A teams when they're overworked and lack the tools to be successful. Third party providers help address the core reasons ...
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Woman and two men looking at computer
Article

In-House vs. Outsourcing Finance & Accounting: How to Decide Which is Right for Your Business

Evaluate whether you should leverage a finance and accounting partners or build your finance function in-house.
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Business people looking at tablet with charts
Article

Why PE portfolio companies struggle to generate timely & accurate financials

The private equity firms of the world deal with a lot of money – the whole market is worth around 3 trillion dollars according to ...
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Bigcommerce new
Case Study

The Keys to CFO success: Saving Time, Insightful Information, Transparency, and Scalability

Superstar CFO: Consero Helped Clear the Way By any measure, Robert Alvarez, CFO of BigCommerce.com, is a superstar. Robert and his team have helped BigCommerce.com ...
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Article

How does Consero prepare a portfolio company for the exit?

Every private equity firm out there, when they make an investment and acquire a company, they are already thinking about their end game – their ...
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Hand selecting a green figure among brown figures
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 ...
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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