Resources

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Article

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

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)

PE firms are turning to Finance as a Service (FaaS) partners to handle finance and accounting at portfolio companies.
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Five ways to reduce turnover in the finance department

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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7 Signs It’s Time to Outsource Your Accounting

When growing businesses experience these warning signs, it's time to find a capable finance & accounting partner.
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5 Metrics Private Equity Investors Want to See

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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7 Things Private Equity Firms Look For in Companies

These characteristics show PE firms that a business is a compelling investment opportunity to add to their portfolio.
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Pros and Cons of Outsourcing F&A for Growing Businesses

Outsourcing finance and accounting offers numerous advantages, but may not be right for every business.
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Top objections and concerns about outsourcing your finance & accounting function

Consero Global is a top Finance as a Service (FaaS) company that provides a plethora of robust solutions for CEOs, CFOs, and investors regarding all ...
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Consero named top partner in the Sage Intacct Accountants Program [2018]

At this year’s Sage Intacct President’s Club organized by Sage Intacct, a record number of partners achieved membership. Among several other essential credits, Consero Global ...
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How to know you are working with a smart accountant

Being an accountant in the smart modern era of new technologies and automation is not an easy job. Accountants can quickly lose a job or ...
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Article

How Does the Finance as a Service Model Work?

Welcome to Consero Global! We are a Finance as a Service (FaaS) partner of many growth companies, as well as CEOs, CFOs, and investors. Why? ...
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Article

What challenges are faced after private equity funding?

Have you ever approached an investor for funding? If you did, then you know how challenging it can be to provide the relevant, insightful, and ...

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