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Article

What should private equity firms do if their portfolio companies are always late in providing financials?

March 18, 2019
In our cooperation with many private equity firms, we’ve realized one thing – they all have very similar problems with their portfolio companies. It is ...
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Article

Finance & Accounting Turnover: Why Key Members Leave + What to Do

March 11, 2019
Key members tend to leave F&A teams when they're overworked and lack the tools to be successful. Third party providers help address the core reasons ...
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Article

In-House vs. Outsourcing Finance & Accounting: How to Decide Which is Right for Your Business

March 4, 2019
Evaluate whether you should leverage a finance and accounting partners or build your finance function in-house.
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Article

Why PE portfolio companies struggle to generate timely & accurate financials

February 25, 2019
The private equity firms of the world deal with a lot of money – the whole market is worth around 3 trillion dollars according to ...
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Article

How does Consero prepare a portfolio company for the exit?

February 18, 2019
Every private equity firm out there, when they make an investment and acquire a company, they are already thinking about their end game – their ...
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Article

Why does private equity often fail at hiring the right CFOs?

February 11, 2019
First of all, we have to start by saying that this is a very hot topic right now. Many people want to be Chief Financial ...
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Article

5 Reasons Private Equity Firms use Finance as a Service (FaaS)

February 5, 2019
PE firms are turning to Finance as a Service (FaaS) partners to handle finance and accounting at portfolio companies.
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Article

Five ways to reduce turnover in the finance department

January 14, 2019
According to Consero’s 2024 data, attracting and retaining talent are one of the top challenges for investor-backed CFOs. Employee turnover is natural for any business, ...
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Article

7 Signs It’s Time to Outsource Your Accounting

December 17, 2018
When growing businesses experience these warning signs, it's time to find a capable finance & accounting partner.
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Article

5 Metrics Private Equity Investors Want to See

December 10, 2018
During the due diligence process, PE investors look at key metrics to feel confident in your company's financial health and growth prospects before investing.
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Article

7 Things Private Equity Firms Look For in Companies

November 26, 2018
These characteristics show PE firms that a business is a compelling investment opportunity to add to their portfolio.
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Article

Pros and Cons of Outsourcing F&A for Growing Businesses

November 19, 2018
Outsourcing finance and accounting offers numerous advantages, but may not be right for every business.
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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