Investment Management Firms

Providing accounting, business consulting and administration services to firms focused on investment and financial management. We focus on the administrative side so you can focus on your businesses.
Finance as a Service for Investment Management Firms
Investment Management Firms We Work With:
How It Works

Finance as a Service Empowers Investment Management Firms

Common Challenges

  • Founder managing all accounting processes
  • No senior support
  • No accounting system
  • No formalized procedures
  • No easy access to data reporting, backup documentation
  • No segregation of duties, no ‘second set of eyes’
  • No record of historical transactions for tax/accounting
  • No support for upcoming payroll/benefits/onboarding

Why Common Solutions Fail

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The Consero Solution

  • Experienced team with deep background in the investment management space
  • Intacct accounting platform is built for you, with tested processes and procedures in place
  • Automation of data flow with built in segregation of duties for added security and peace of mind
  • We know what’s ahead for you, and have best practices already established to meet your needs
  • Payroll/PEO expert team to support your HR functions and manage the process

Startup and Launch Support

As you prepare to launch your new venture, our team of professionals will provide seasoned advice and proactive guidance to support you in achieving your goals and sticking to your timeline.

We focus on the administrative side so you can work on building your team, your portfolio, and your client relationships. From the earliest stages of your firm you’ll have a partner and team of trusted advisors. Our job is to eliminate your worries and make the process stress free!

Starting a new financial services firm can be complex. Working directly with you, our business consultants advise and support at every step of the way, carefully checking through often overlooked business details to streamline and manage the launch process and ensure deadlines are met.

Startup and Launch Support Services include

  • Reviewing and filing local tax and license forms; we research your jurisdiction to confirm compliance
  • Establishing banking relationships and opening operating accounts
  • Advising and streamlining your processes during key phases of your launch
  • Monitoring timelines to ensure deadlines are met
  • Reviewing and advising on business insurance requirements and assisting with vendor selection
  • Setting up payroll services and new hire onboarding procedures
  • Organizing benefit programs including medical, dental, vision, 401(k), FSA and others
  • Establishing best practices for everything from employee onboarding to T&E policies to Fund expense reimbursements
  • Practical consultation on offering documents and the interplay between your Management Company, General Partner, and Fund

Outsourced CFO Services

Growing businesses need professional help but often don’t have a full-time CFO or Controller. Our Outsourced CFO platform gives you a professional financial manager who works with you to help guide your business to success.

Our successful platform provides:

  • More time to focus on new business opportunities, new investors and other core business issues
  • Better understanding of the financial side of your business so you have fewer surprises and more control over your capital
  • Improved decision-making capabilities from clearly seeing the hard and true numbers of your business, in real time
  • A readily available sounding board to help you with business analysis and planning
  • Comfort in knowing a professional team is at your side in managing your business, constantly iterating and improving best practices
  • Established financial controls and systems already in place. Give your investors the confidence they seek with an outsourced service provider.
  • Liaison with bankers, attorneys, vendors, insurance agents, and fund administrators
  • Review/negotiation of insurance policies
  • Assistance in defining long-range plans and clarifying the path to your goals

Human Resources & Payroll Services

Reduce your risk, save time, and forget the stress when you let BridgeView CFO manage your Human Resource and Payroll Administration services.

The Human Resource landscape is constantly evolving and most small businesses don’t have the bandwidth to keep current with the shifting requirements. Through our network of resources and advisors we are continually updating our knowledge base on this key subject and will work with you and your team to ensure a smooth experience. Focus on your core business and leave the hassles of HR and Payroll to us.

 

Our comprehensive payroll services include:

  • Advising on the optimal payroll and benefits platform to fit your needs
  • Guidance on industry standard offerings to stay competitive with your benefit platform
  • Guidance on labor-related areas as needed, such as overtime regulations, Cobra and FMLA
  • Onboarding new employees, including background checks
  • Managing and processing payroll on your cycle using our cloud based solutions
  • Coordinating and administering your custom package of benefit plans, including medical, dental HSA, commuter benefits and more
  • Processing and support of 401(k) deferrals and matches; integrated with your TPA
  • IRS, state and municipal tax registrations and filings

Accounting and Budgeting

Leave the accounting to the experts and let us manage your everyday business and financial functions.

While you focus on what matters most to you, we take care of the day to day details of maintaining your finances, including monitoring deadlines to ensure tax and accounting milestones are met. You get summary reporting to help you view the big picture while we liaise with your outside tax preparers on the details.

To help you plan for the future, we’ll work together to create a realistic budget for your firm, then create custom reports so you can see in real time how you’re doing against your budget. We’ll also send you weekly cash reports so you’ll know when, where, and how your cash needs will occur.

Above all else, we are always available to consult on what’s important to you about your business. Use us as your sounding board for those growth, accounting or HR ideas you’re considering.

Accounting and budgeting services include:

  • Maintaining the general ledger for the investment manager, general partner, and related management entities
  • Managing cash flow and treasury functions for all entities
  • Maintaining capital accounts for business partners
  • Financial Statement reporting
  • Budgeting and Forecasting

Billing and Payment Services

Tired of sorting through endless piles of paper? Go Paperless! With BridgeView CFO Solutions, your financial and business records are managed in a secure cloud-based accounting environment including electronic bill pay and digital document storage. Use our integrated, cloud based platform to turn expense reporting and receipt collection into a streamlined process – with no need to save paper receipts!

Billing and payment services include:

  • Manage full-cycle accounts payable processes using our online e-pay solutions
  • Incorporate industry best practices to protect against fraud and guard against errors
  • Incorporate and support your team with electronic expense reporting using integrated phones apps
  • Provide an integrated platform of online services that feeds data seamlessly from one system to the next
  • Manage your accounts receivable cycle for funds and separately managed accounts
  • Interface with your fund administrator to coordinate fee payment and collection
  • Implement our proven processes for fund expense reimbursement to ensure repayment is captured

Comparative steps to set up an optimized finance & accounting function

Optimized F&A Function

  • Transactions processed quickly and accurately
  • Books closed in 3 to 10 business days with audit and diligence ready financials
  • Internal and external reporting needs met
  • CFO time spent on strategic initiatives vs. operational accounting
    Future-proofed for growth
What we provide to your portfolio companies

Accelerated Path To Finance & Accounting Optimization

Consero’s FaaS Solution delivers substantial, and ongoing benefits for your company, starting with services that can be up and running in as little as 30 days with minimal impact on your day-to-day operations.

However, compressing time to value is just one of the many reasons to partner with Consero.

Testimonials

See What Our Clients Say

“BridgeView CFO Solutions has been a valuable member of our management team, saving us time, money and most importantly providing peace of mind. We recognize they have our best interests in mind in a way rarely seen in an outsourced solution, and have no doubt they’re working hard for us every day. We appreciate knowing there is always an expert available to discuss a wide range of questions and provide actionable guidance on matters of importance at every level to our firm.”

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