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New Client Highlights

Consero’s Finance-as-a-Service

A fully-managed solution & modern approach to simplify the finance function

Scroll below to see how our clients are driving change within the business and accelerating growth

Client Profile: $40M Revenue

Risk Management Software  |  PE-Backed  |  California

Pain Points:

  • Lacked processes and technology to support M&A plans
  • Skills in the accounting team were misaligned with  what was required
  • Needed a team to support and successfully pass audits

Consero Impact:

  • Quickly integrated acquisitions by leveraging Consero’s  standard acquisition add-on playbook
  • Installed a team that is skilled in high-growth, PE-backed  environments with significant M&A and purchase  accounting experience
  • Supported audit activities and preparation for future audits
 

Client Profile: $28M Revenue

Management Software  |  PE-Backed  |  Utah

Pain Points:

  • Needed more finance and accounting staff to support day-to-day operations
  • All KPIs and data were manually maintained
  • Unable to leverage automation with modules as intended due to improper in-house setup of Sage Intacct

Consero Impact:

  • Consero provided fractional support for additional bandwidth as the business evolved
  • Provided automated reporting outputs and SaaS KPI package
  • Fully implemented Consero’s SIMPL® software stack, including Sage Intacct, and defined processes to support proper mitigation and drive efficiency in the teach stack
 

Client Profile: $25M Revenue

Software  |  PE-Backed  |  Arizona

Pain Points:

  • Recently carved out from a larger entity and did not have a general ledger or related systems, processes and team
  • CFO wasn’t confident in the accuracy of business contracts

Consero Impact:

  • Implemented full finance and accounting tech stack, established standard procedures and policies and provided a team to support PE-backed reporting
  • Consero’s “Wolf Team” provided resources to review all contracts to ensure proper revenue treatment
 

Client Profile: $23M Revenue

Healthtech  |  PE-Backed  |  Texas

Pain Points:

  • CEO didn’t have the capacity to take on accounting duties
  • Company required accurate reporting of KPIs and metrics

Consero Impact:

  • Consero implemented its scalable best-in-class finance and accounting systems and infrastructure to automate processes and workflows
  • Consero aligned with management to ensure all KPIs are placed in an automated fashion, providing clear visibility into critical areas to grow the business

Client Profile: $10M Revenue

Data Analytics Software  |  VC-Backed  |  Illinois

Pain Points:

  • Extensive reporting requirements from more than ten investors
  • Capacity constraint was a barrier to growth with only two people on the finance team
  • Needed to support international expansion into new markets

Consero Impact:

  • Consero proposed a KPI package that provides strategic and operational analytics to support business decision making
  • Implemented a full finance and accounting function in only 30 days to support transactional accounting
  • Consero provided expertise in U.S. GAAP and IFRS to include consolidated reporting in U.S. and local currencies

Client Profile: $10M Revenue

Payment Platform  |  PE-Backed  |  New York

Pain Points:

  • Preparing for exit and needed professionalized finance and accounting function to ensure readiness
  • Lacked standard processes for vendor management and contract management

Consero Impact:

  • Ensured due diligence readiness based on optimizing and standardizing the finance and accounting function to meet investor needs
  • Established and documented standard processes, internal controls and accounting policies within 30 days
 

Client Profile: $5M Revenue

Healthcare Franchise  |  PE-Backed  |  Tennessee

Pain Points:

  • Lacked ability to make strategics decision based on actual financial results on a real-time basis
  • Goal to increase total franchise agreements quickly over next 1.5 years

Consero Impact:

  • Consero assigned a VP of Finance to manage the finance and accounting team and provided monthly financial highlights
  • Consero’s implementation team supported additional franchise setup and ensured month-end close support was not impacted
 

Client Profile: $5M Revenue

Integrated Workforce Platform  |  VC-Backed  |  Colorado

Pain Points:

  • Managed all deferred revenue manually in Excel with no ability to tie milestones and subcontracts within the general ledger
  • No system for tracking bookings versus accounts receivable
  • No team to support due diligence readiness

Consero Impact:

  • Proposed revenue management module that fully automated revenue recognition and created a single source of truth
  • Optimized process to track bookings at the Sales Order level and include milestone date targets
  • Consero provided a dedicated team experienced in investor requirements to manage reporting and Saas metrics

Client Profile: $5M Revenue

SaaS  |  Florida

Pain Points:

  • Lacked the skilled staff to manage the back-office activites and the day-to-day transactional accounting
  • Top priority was raising capital and needed documented processes in place that allow audit and due diligence readiness

Consero Impact:

  • Consero provided a VP of Finance and CFO level resource with cost savings over hiring in-house staff
  • Consero defined GAAP compliant accounting policies, recorded financials historically and transacted according to GAAP to ensure timely and accurate reporting

Client Profile: $4.5M Revenue

Healthcare Software  |  PE-Backed  |  Pennsylvania

Pain Points:

  • Organization had outgrown QuickBooks and needed a scalable general ledger platform
  • Used a mix of cash and accrual accounting and needed conversion to accrual

Consero Impact:

  • Migrated company off QuickBooks and implemented a fully integrated, scalable technology stack with Consero’s SIMPL® including Intacct, Bill.com, Nexonia and Blackline in just 30 days
  • Consero implemented its defined standard accounting processes that currently supports over 2 customers
 

Client Profile: $20B AUM

Venture Capital  |  Management Company  |  California

Pain Points:

  • Turnover within the finance and accounting function led  to risk in timeliness and accuracy of deliverables
  • Lacked a general ledger system
  • Reporting was Excel spreadsheet-based

Consero Impact:

  • Delivered industry expertise and aligned the correct  scale and level of HR and Administrative resources
  • Implemented best-in-class processes and automated  visibility with SIMPL®, powered by Intacct and other 3rd party applications such as Bill.com
 

Client Profile: $125M AUM

Venture Capital  |  Management Company  |  California

Pain Points:

  • CEO ran payroll and managed expenses on an unscalable system
  • No accounting processes in place to ensure compliance or audit readiness

Consero Impact:

  • Provided guidance on HR/Payroll best practices and implemented a tech stack to support growth
  • Designed, developed and executed accounting process to ensure the fund will be auditable and compliant with all standards
 

Client Profile: $3.5M Revenue

Social Platform  |  VC-Backed  |  California

Pain Points:

  • Accountant was unable to manage the finance & accounting function and close was often delayed
  • Required optimize systems to include scalable general ledger with Salesforce integration
  • Needed three-statement model and a skilled resource to manage

Consero Impact:

  • Consero’s solution included controller level down transactional accounting team that managed all accounting activities to include month-end close by business day 10
  • Provided a fully-integrated finance and accounting tech stack with Salesforce integration
  • Implemented FP&A budget and forecast model which included a three-statement model and an analyst to manage the system
 

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1717 West 6th Street, Suite 410
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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