Resources

Article

What is a Good Accounts Receivable Turnover? [+ How to Improve]

Higher AR turnover ratios indicate efficient payment collection, but more is needed to determine if your accounts receivable turnover is "good."
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Article

Common Finance Mistakes Made by Private Equity Portfolio Companies

The finance and accounting team of a Private Equity portfolio company needs to deliver clear financial insights and do it quickly. However, these teams often ...
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Accounting Software

Where to Go When You Outgrow QuickBooks

There are several finance and accounting solutions for companies that have outgrown QuickBooks, but one clear winner.
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Accounting Software

Are There Disadvantages of Using QuickBooks Online?

Some of the major disadvantages of QuickBooks Online include maintenance costs, the cost of additional features, and lack of control over your data.
Screenshot of QuickBooks logo and customer rating
Accounting Software

Why Companies are Outgrowing QuickBooks

Rapidly scaling businesses are finding that QuickBooks tools weren't built to grow along with and support their advanced reporting requirements. Fortunately, better alternatives are available.
Article

How To Outsource Finance and Accounting Services

The concept of outsourcing is relatively straightforward – it refers to contracting out a segment of the work that a company regularly performs in hours ...
Article

The Complete Guide to Outsourced Finance and Accounting Services

Outsourcing F&A offers a disruptive alternative to building in-house teams.
Article

2020 Finance Analytics

Thanks to today’s digital technologies, the finance sector is doing things that were previously unimaginable. Tools such as end-to-end multi-dimensional data access, for example, make ...
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Article

Key Initiatives of the Finance Function in 2020

Over the past several years, emerging technologies have had a significant impact on finance organizations. Companies feel increasing pressure to let go of their traditional ...
Article

What is Financial Leadership?

The CFO role is evolving from "number cruncher" to strategic partner.
Article

The Complete Guide on Financial Leadership

In today’s shifting and highly globalized world economy, proper financial leadership and a well-organized finance function are proving extremely valuable to business longevity and success. ...
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Article

Finance as a Service (FaaS) vs. In-House Finance Department

FaaS offers a disruptive alternative to building an in-house finance team.

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