Austin Technology Council

ATC is the voice of Central Texas’ diverse and thriving technology and life sciences industries. By convening Austin’s top technology executives, ATC is leading …
Updated: October 26, 2021

ATC is the voice of Central Texas’ diverse and thriving technology and life sciences industries. By convening Austin’s top technology executives, ATC is leading the effort to meet the future needs of the industry through increased access to technical talent, increased access to later-stage capital, the support of a thriving life sciences ecosystem, and connectivity across the industry and with key stakeholders in Texas and around the world. As ATC continues to grow, it became apparent that their F&A services were very limited. They were relying heavily on using spreadsheets and manual transactions were labor intensive. Julie Huls brought on Consero to help them with these challenges. The biggest improvement Consero has made has been on the reporting functions. Bringing sophisticated reports to the board of directors has made a huge difference. Consero was also able to bring them a full team rather than a one person show. This allowed Julie to focus more on planning, forward thinking and strategy.

Related Resources

Fanned out hundred dollar bills
ArticleFinance & Accounting

4 Ways Finance & Accounting Can Increase Your Company’s Valuation

You’ve launched your venture, survived due diligence and raised initial start-up funding. Congratulations! Now what? A longer-term view would entail building out the infrastructure of ...
Audits & Due DiligenceControls, Governance, Compliance

Due Diligence Readiness: Navigating State and Local Tax Complexities in M&A Deals

Consero partners with Source Advisor to help sellers prepare for a future sale and minimize historical liabilities. We will also explain how companies currently in ...
CEO / CFO

Meeting the Digital Transformation Challenge in Today’s Challenging Economic Environment

Many CFOs and finance managers are currently facing the most challenging economic environment they’ve ever encountered. Near-record inflation is putting pressure on corporations to cut ...
Robot

The future of finance automation

Are robots swooping in to take our jobs? Not exactly, according to recent research on the subject, particularly as it relates to corporate finance and ...
Charts and graphs against gray background
ArticleFinance & Accounting

7 Signs It’s Time to Outsource Your Accounting

When growing businesses experience these warning signs, it's time to find a capable finance & accounting partner.
Events and Webinars

2022 CFO Survey with Consero and Jack McCullough

We invite you to review the full results of the survey by clicking here:https://conseroglobal.com/2022-cfo-su… In this video, we explore what CFOs of institutionally backed companies ...

Finance as a Service

Cutting edge technology, processes, and people in a fully-managed solution to deliver precise financial visibility and improved operational scalability, plus a lower and more predictable cost structure. 

Flex Finance

Keep your existing technology and processes. We can manage the back-office F&A function from end-to-end process, including closing the books. When you need skilled talent, we can supplement your F&A team.

Advisory Services

Expert advice and strategies to help you grow.

• CFO Advisory Services
• FP&A and Reporting
• Technical Accounting & Clean-Up

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