Consero Press Article

Consero Brings on Business Development Executive Bartley O’Dwyer to Lead Private Equity Practice

Business Development executive, Bartley O’Dwyer, joins Consero Global LLC, a pioneer in Finance as a Service, as Managing Director of Private Equity, beginning April 1, 2020.

A $50M investment from BV Investment Partners in 2018 provided an opportunity to grow Consero’s customer base exponentially, making Consero the go-to choice for PE sponsors and their portfolio companies who require financial excellence, sophistication, technological innovation, and operational efficiency within their finance and accounting function.

Private Equity sponsors and their portfolio companies face the unique challenge of needing accurate financials at their fingertips as part of their diligence process for add-on acquisitions, carve outs, and across their portfolio operations function. In partnership with Consero, PE backed companies gain access to the cutting-edge technology and sophisticated accounting and finance expertise typically employed only by much larger companies.

Mr. O’Dwyer joins Consero during the COVID-19 crisis, when companies have an even more acute need for Consero’s cloud-based and remote finance and accounting platform.

“Consolidating financial information and closing the books is challenging for middle-market, high-growth companies under normal circumstances,” said Natalie Townsend, Vice President of Sales. “It is even more difficult while employees are working remotely, and therefore may have even less access to information than during the course of normal operations. Consero has already solved this problem with a cloud-based tech stack, digital workflows and remote finance & accounting expertise.”

Mr. O’Dwyer will lead the Private Equity Practice for Consero, concentrating on Private Equity, growth equity, venture capital, and family offices throughout the United States. He will lead a team based in New York and be responsible for identifying and recruiting talent throughout the United States. He most recently served as Managing Director and Head of Private Equity Sales and Business Development for Gerson Lehrman Group (GLG). His tenure at GLG spanned over 15 years in various senior management roles. Prior to that, he was with J.P. Morgan Chase. He holds a BA from Providence College, and an MA from The London School of Economics.

“We are very fortunate to have someone of Bartley’s experience and expertise in this space,” added Bill Klein, President. “He has proven that he is able to grow a function and service Private Equity clients to our exacting standards.”

“I am excited to join such an innovative company with a fantastic culture,” said Mr. O’Dwyer. “Consero already has a significant presence in the Private Equity market. I look forward to helping grow the existing PE Practice, which already counts portfolio companies of blue chip investors such as Accel KKR, Warburg Pincus, BV Investment Partners as clients, and introducing Consero’s disruptive Finance as a Service model and new artificial intelligence technologies to similar like-minded investors.”

Consero combines innovative and integrated software, including the SIMPL financial management console and Simon voice-activated AI technology with traditional CFO, controller and bookkeeping services. All of this comes without the time, cost and effort of creating and managing a full in-house finance and accounting department. With Consero’s services, companies of all sizes can afford Fortune 500 level financial tools.

About Consero Global:
Founded in 2006 by Scott Tynes, Bill Klein and Kiran Jagannath, Consero Global disrupts the way businesses build and maintain their finance & accounting function. Through a cloud-based platform, Consero delivers the financial clarity and efficiency needed to drive a business forward. Strategic CFOs are adopting Consero’s cutting-edge Finance as a Service model to free up time and understand how the business is performing. Serving more than 150 clients, Consero provides the control and insight needed to steer businesses toward success. Contact Consero for more information about gaining greater control of your financial operations.

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

  • 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