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Featured Resource

The ROI of Outsourced Finance & Accounting

How can Finance as a Service give you higher velocity with lower costs and effort than building in-house? Growing companies face a critical decision as …

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The Future of The Professional Service Sector
Finances

The Future of The Professional Service Sector

There have been many significant changes throughout the past decade that have impacted how experts in the professional service industry work. The trends associated with …

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Case Study

How Client-centric Tech Revolutionizes The Finance Function

The Challenge: Build What Your Customer Needs Consero Global partnered with Thinkbridge to create an elegant tech offering for their Finance as a Service solution, …

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The Benefits of FaaS for Professional Service Firms
CEO / CFO

The Benefits of FaaS for Professional Service Firms

Finance as a Service (FaaS) is quickly becoming one of the most popular ways for Professional Service firms to save money. Professional Services organizations, such …

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The Changing Role of CFOs in Professional Services
CEO / CFO

The Changing Role of CFOs in Professional Services

In today’s highly volatile and uncertain business environment, technology has also played its part in the overall disturbance. The rise of cloud computing and automation …

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Events

CFO Client Discussion with Wes Edwards, CFO of Multi-Location Healthcare MSO (backed by Sverica)

Consero’s Finance as a Service enabled the newly hired CFO to focus on being a strategic partner to the CEO with confidence that the basic …

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How Finance as a Service Helps Professional Service Organizations
CEO / CFO

How Finance as a Service Helps Professional Service Organizations

Professional services have seen a tremendous boom in recent years, with the number of companies in this sector growing significantly over the last decade. Professional …

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Consero FaaS: Disrupting the Outdated Traditional F&A Model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