Insights & Successes

Articles

Learn more about how Consero is solving the most complex challenges in the finance function in an accelerated timeline.

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CEO / CFO
Private Equity

CEO / CFO

Frustrated with the financial information you receive to support your decision making?

December 6, 2010

“I have been around long enough to be sure that you don’t know what you think you know regarding product or client profitability until you …

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CEO / CFO

6 Quick Ways to Reduce the Risk of Fraud using QuickBooks

May 20, 2010

A small business owner typically can’t afford to hire enough people to have proper separation of duties to gain the internal controls needed to prevent …

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CEO / CFO

Slouching Toward Recovery

May 5, 2010

CFOs see several positive economic signs, but employment isn’t one of them. At last, some good news. For the first time in more than a …

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Consero FaaS: Disrupting the Outdated Traditional F&A Model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