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

CEOCEO / CFO

How FaaS Can Help You Win the War for Talent

January 20, 2022

The phrase “war for talent” was coined by McKinsey & Co. in the late 1990s to describe an environment where competition among employers for skilled ...

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CEO / CFOFinances

The Benefits of FaaS for Professional Service Firms

October 5, 2021

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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CEO / CFO

The Changing Role of CFOs in Professional Services

September 30, 2021

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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CEO / CFOFinances

How Finance as a Service Helps Professional Service Organizations

September 24, 2021

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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CEO / CFO

The Ultimate Guide to Monthly Recurring Revenue

July 20, 2021

Monthly recurring revenue is a crucial metric for subscription-based SaaS companies. Understanding it can help you grow your company and improve customer satisfaction. Those who ...

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CEO / CFO

How To Find The Best Finance as a Service Partner For Outsourcing?

July 13, 2021

Running a successful business depends on efficient and accurate finance & accounting operations. In more recent years, numerous organizations have started outsourcing some of these ...

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Consero FaaS: Disrupting the Outdated Traditional F&A Model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