Consero Press Article

BTQ Financial’s Andrew S. Perumal Named to City & State’s 2024 Responsible 100

Andrew S. Perumal, Partner and Head of Client Operations at BTQ Financial

Andrew S. Perumal Earns Recognition for His Work Supporting Nonprofits

Andrew S. Perumal, Partner and Head of Client Operations at BTQ Financial, a division of Consero Global, was named one of City & State’s 2024 Responsible 100 in recognition of his work supporting nonprofits and driving transformative community change.

City & State, a premier media organization covering New York’s local and state politics and policy, annually honors exceptional individuals across business, government, nonprofit, and advocacy sectors who work to tackle New York’s biggest challenges.

“I’m honored to be named among City & State’s Responsible 100 for 2024, alongside so many inspiring New Yorkers,” said Perumal. “Supporting nonprofits who are strengthening our communities is a privilege, and I’m grateful to see their impact celebrated through this award.”

As Partner and Head of Client Operations, Perumal leads BTQ Financial’s efforts to help nonprofit clients strengthen their financial management and improve grants and contracts processes, enabling them to achieve sustainability and expand their reach.

“Andrew’s dedication to social impact and responsibility exemplifies BTQ’s core values and inspires us all,” says Renée Bonilla, Managing Partner at BTQ Financial and Chief Transformation Officer of Consero.

“We’re extremely proud of Andrew’s leadership and relentless efforts to empower nonprofits to deliver greater value and achieving meaningful outcomes,” added David Sawatzky, Chief Executive Officer of Consero.

About BTQ Financial

As a division of Consero, a pioneer in Finance as a Service (FaaS), BTQ Financial offers a full-suite of outsourced financial management services to help nonprofit organizations better fulfill their missions. Core offerings include financial & accounting services, revenue cycle management, interim financial management, and grants & contracts management.

About Consero

Consero Global, backed by BV Investment Partners, is the pioneer of Finance as a Service (FaaS) disrupting how Investment Managers and PE/VC-backed software, professional services, healthcare firms, and nonprofit organizations build and scale their finance departments. Consero’s cloud-based platform combines cutting-edge technology, processes, and people into a fully managed solution that delivers precise financial visibility, operational scalability, and a lower, more predictable cost structure. Serving more than 350 clients and their portfolio companies, Consero also offers FlexFinance, FlexResources, and Advisory Services to meet our partners’ needs at every stage of growth. Connect with us to learn more about optimizing your financial operations.

View the original Newswire coverage here.

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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