Consero Press Article

Consero Global Acquires BridgeView CFO Solutions, Expands FaaS Offerings, Payroll, HR Services

AUSTIN, Texas–(BUSINESS WIRE)–Consero Global LLC, a leader in Finance as a Service (FaaS), today announced that it has acquired BridgeView CFO Solutions, a San Francisco-based finance & accounting, HR, and business management firm. The combined company will have more than 800 employees serving over 150 clients nationwide and around the world.

The acquisition expands Consero’s suite of solutions to include HR and payroll services for its existing client base of institutional backed companies. And because BridgeView brings extensive expertise in finance & accounting solutions for financial services organizations including Private Equity & Venture Capital Firms and Hedge Funds, the deal will allow Consero to deliver its cutting-edge FaaS platform to those organizations as well as portfolio companies of some of those same firms.

“BridgeView is a leader in outsourced accounting and business services for the financial services industry, which is why we’re excited to welcome them into the Consero family,” said Scott Tynes, CEO of Consero. “Not only will their expertise and solutions complement and expand our offerings to clients, but as a combined firm, we’ll be able to reach even more mid-level companies that need professionalized finance and accounting support.”

Read Article

With Consero’s Finance as a Service, you gain financial clarity, operational efficiency, and the power to scale, effortlessly.

Consero FaaS: Disrupting the Outdated Traditional F&A Model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