Consero Press Article

Finance as a Service Hits Record Growth: Consero Ranks #21 in Central Texas’ Fastest Growing Companies

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AUSTIN, Texas–(BUSINESS WIRE)–Consero Global LLC, a leader in Finance as a Service, has, for a third time, been recognized by the Austin Business Journal in its Fast 50 list of rapidly growing companies.

Ranked number 21 this year with a 35.5 percent compound annual growth rate, Consero has once again proven its outstanding revenue growth year-over-year since it was first named a Fast 50 company in 2014.

“At a time when uncertainty has rocked our economy, Consero continues to grow rapidly because our people are dedicated to making sure our clients don’t miss a beat, no matter the obstacles,” said Scott Tynes, CEO, Consero Global. “Standing on our innovative technology, our employees consistently deliver on our unique vision of Finance as a Service to streamline processes and deliver financial transparency.”

“Our growth has a direct relationship with our ability to deliver client financial information clearly, quickly and succinctly,” said Bill Klein, President, Consero Global. “Our customers directly rely on us to help them make the best, most informed financial decisions, and this is especially important in a time of economic upheaval for so many industries.”

A brief snapshot of Consero’s growth over the past three complete fiscal years:

Consero combines innovative integrated software, including the Consero SIMPL® financial management console and Simon voice-activated artificial intelligence 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 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 130 clients and their portfolio companies, Consero provides the control and insight needed to steer businesses toward success.

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