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Video Testimonials

Private equity firm leverages Finance as a Service to quickly build strategic finance teams and get streamlined reporting

Investment Partners is a middle-market private equity firm that invests in tech-enabled and services companies. When they bring an investment into their portfolio…
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Article

The ultimate guide to modernizing your finance department

Today’s highly competitive, data-driven business environment demands that organizations let go of traditional finance activities and embrace the digital revolution. Because modernizing your finance operations ...
How does finance and accounting affect the valuation of your company
Article

How does finance and accounting affect the valuation of your company?

Your company’s investors will want to know where their money will go, while creditors will want to ensure you can repay your debt. This makes ...
Two hands next to laptop with blue charts.
Article

How do I find a great outsourced finance as a service provider

Outsourcing finance and accounting to a third-party service provider is advisable for any company that has gaps in their in-house finance and accounting department. An ...
Business man and two women in meeting looking at chart
Article

How does outsourcing finance and accounting help CFO’s?

With the success of the organization’s finance department resting on the Chief Financial Officer’s ability to manage the business finance operations properly, it is crucial ...
Carveouts Culture counts
Article

Carveouts: Enhancing the culture of the finance & accounting group

When PE firms carve out a business unit to create a standalone entity, they shouldn’t neglect the culture surrounding the finance group, according to Mike ...
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Article

Why Do Companies Outsource Accounting & Finance? 9 Top Reasons to Consider

Outsourcing helps growing businesses realize cost-savings, gain operational efficiency, and maintain a competitive edge.
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Article

The complete guide to outsourcing finance and accounting

Because an organization’s financial operations are a core function and crucial to sustaining its long-term success, it’s easy to assume that its finance and accounting ...
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Case Study

Consero helped PE-backed software firm get clean, accurate, audit-ready financials, and streamlined processes

Five Elms Capital’s portfolio company Flywheel was faced with accounting practices that didn’t keep up with the company’s growth, but took a chance on Consero ...
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Case Study

Consero seamlessly integrates new acquisitions and supports due diligence for a profitable exit

Background Read Full Case Study Merging three companies with granular data into a single entity is challenging, especially when there are multiple systems and no ...
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Case Study

Private equity firms embrace Finance as a Service to ensure a swift and smooth due diligence

The Situation Read Full Case Study Sound financials are essential to exits, and with a $400 million transaction at stake, mobile banking company Hyperwallet needed ...
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Article

How to Keep Track of Your Company’s Financial Health

Keeping track of your company’s financial health is crucial because it’s the only way to measure how your business is doing financially. Doing that can ...
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Accounting Software

The Benefits of Moving to a Consolidated Financial Platform

Many growth companies today still use in-house financial and accounting teams. It was the norm in the past, and it’s still useful today in some ...
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Investor - Initial Acquisition

How to Build a Scalable Finance & Accounting Platform for Successful Rollups

For those Private Equity (PE) firms employing a rollup strategy, it’s critically important to develop a systematic, repeatable process to onboard acquisitions quickly and get ...
Back Office Holding Back 3
Article

Graceful exits: Why Private Equity firms embrace Finance as a Service to ensure a swift and smooth due diligence

Private equity firms shouldn’t discount the role that sound financial operations and processes can play in selling a portfolio company, says Chris Hartenstein of Consero ...

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