Resources

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Article

CFOs Need to Leverage Digital Finance or Risk Becoming Obsolete

In today’s data-driven business environment, CEOs and board members are applying extra pressure on their CFOs to provide them with real-time, data-backed decision support. However, ...
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Article

How Much Does Outsourced Accounting Cost?

The right outsourcing partner can save you between 20-50% of building an in-house accounting team.
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Article

8 Benefits of Outsourced Accounting & Finance Services

Outsourced finance and accounting offers a unique way for growing businesses to competitively scale.
A provision of the Dodd-Frank Act protects internal whistleblowers.
Article

Reducing compliance risk with better finance systems

Recent court cases, including a particularly consequential Supreme Court decision, have changed the calculus around compliance and fraud reporting. These new developments only bolster the ...
A provision of the Dodd-Frank Act protects internal whistleblowers.
Article

Five tips to ensure your portfolio companies are audit ready

If you are the owner of any sort of for-profit organization, preparing for an audit can be quite stressful. An audit is designed to objectively ...
Article

The expanding role of the CFO

The Austin Chapter of the CFO Leadership Council met recently for a panel addressing industry-wide changes to the role of Chief Financial Officers. Thought leaders from BigCommerce, ...
A provision of the Dodd-Frank Act protects internal whistleblowers.
Article

How to use finance as a marketing tool to increase value with investors

Too often, the work of finance and accounting teams within growing businesses seems perfunctory and inconsequential. That remains true even in the high-stakes world of ...
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Accounting Software

When is it Time to Leave QuickBooks?

If you're thinking about leaving QuickBooks, then it may already be time. Companies tend to look for more scalable, automated solutions when growth and reporting ...
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Article

KPIs that every SaaS company should be measuring

Enabled by the ubiquity of the internet and adopted by businesses and consumers everywhere, the software-as-a-service model has proven itself a winner incredibly quickly. But ...
Article

Strategic CFOs are gaining greater control through outsourcing

Chief financial officers (CFOs) struggle to strike a balance between strategizing long-term business goals, while ensuring that short-term tasks get completed. It’s difficult to focus ...
Article

Transaction processing a prime target for improvement

Most CFOs are already well aware of the fact that routine transaction processing is costing their finance and accounting teams time, money and growth potential. ...
Article

F&A partners can add strategic value without draining time

Research shows finding the right finance and accounting partner can unlock significant value for SMBs. However, the shared services space has become crowded.

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