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Fail-safe finance for roll-ups

February 27, 2020
Private equity firms embarking on buy and build strategies should have a plan to effectively scale the finance function, says Consero Global’s President, Bill Klein. ...
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Article

What is digital transformation and why is it important?

February 10, 2020
The term “digital transformation” has been thrown around a lot, particularly in the past decade. But what is it? Is it a trend or the ...
Article

How is machine learning used in finance?

February 10, 2020
With artificial intelligence (AI), robotic process automation (RPA) and smart analytics powering the future of finance and accounting, manual bookkeeping and spreadsheet-based solutions will soon ...
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Article

What are the services provided by an outsourced finance & accounting firm?

February 10, 2020
When the CFO and finance department spend all their time trying to keep their financial statements and records straight, there is little time left to ...
Article

What is the future of finance and accounting?

February 3, 2020
To survive in today’s highly competitive business environment, you need to increase efficiency and agility, particularly if your business goals include driving growth, introducing new ...
consero_inhouse_vs_outsource_infographic
Article

The ultimate guide to modernizing your finance department

January 15, 2020
Today’s highly competitive, data-driven business environment demands that organizations let go of traditional finance activities and embrace the digital revolution. Because modernizing your finance operations ...
Article

How does finance and accounting affect the valuation of your company?

January 6, 2020
Your company’s investors will want to know where their money will go, while creditors will want to ensure you can repay your debt. This makes ...
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Article

How do I find a great outsourced finance as a service provider

December 30, 2019
Outsourcing finance and accounting to a third-party service provider is advisable for any company that has gaps in their in-house finance and accounting department. An ...
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Article

How does outsourcing finance and accounting help CFO’s?

December 23, 2019
With the success of the organization’s finance department resting on the Chief Financial Officer’s ability to manage the business finance operations properly, it is crucial ...
Carveouts Culture counts
Article

Carveouts: Enhancing the culture of the finance & accounting group

December 19, 2019
When PE firms carve out a business unit to create a standalone entity, they shouldn’t neglect the culture surrounding the finance group, according to Mike ...
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Article

Why Do Companies Outsource Accounting & Finance? 9 Top Reasons to Consider

December 16, 2019
Outsourcing helps growing businesses realize cost-savings, gain operational efficiency, and maintain a competitive edge.
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Article

The complete guide to outsourcing finance and accounting

December 11, 2019
Because an organization’s financial operations are a core function and crucial to sustaining its long-term success, it’s easy to assume that its finance and accounting ...
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Austin, TX 78703
866.588.0495

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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