Consero Press Article

Consero recognized as one of the fastest growing companies in Central Texas, making the “Fast 50” for the fourth time

AUSTIN, TX, USA, November 29, 2022 /EINPresswire.com/ — Consero Global LLC, the pacesetter in Finance as a Service (FaaS), has, for a fourth time, been recognized by the Austin Business Journal on its Fast 50 list of rapidly growing companies in Central Texas.

Knowing this growth was driven by best-in-class service for our clients continues to drive our commitment to client success.”

— Bill Klein, President

Ranked #17 this year with a 36% percent compound annual growth rate, Consero has once again proven its outstanding revenue growth year-over-year since it was last named a Fast 50 company in 2020, when it landed #21 on that list.

“This award means so much since we’ve managed to thrive despite the market’s continued uncertainty even as the pandemic recedes,” said Scott Tynes, CEO. “Our technology and our team have proven we can maintain our performance no matter what the world throws at us, and we’re incredibly proud of that.”

“Knowing this growth was driven by best-in-class service for our clients continues to drive our commitment to client success,” said Bill Klein, President. “They rely on our timely, accurate and comprehensive FaaS model to truly understand where their business is, and where it is going. This is especially important crucial in times like these.”

This honor comes just as Consero was named Partner of the Year by Sage Intacct for the sixth straight year, and Best Services Partner by Private Equity Wire.

Consero combines innovative and integrated software, including the Consero SIMPL® financial management console, along 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, Consero disrupts the way businesses build and maintain their finance and 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 200 clients and their portfolio companies, Consero, backed by BV Investment Partners, provides the control and insight needed to steer businesses toward success. Contact Consero Global for more information about gaining greater control of your financial operations. More info at www.conseroglobal.com.

Bridget Howard
Consero
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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