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Article

How to Keep Track of Your Company’s Financial Health

November 11, 2019
Keeping track of your company’s financial health is crucial because it’s the only way to measure how your business is doing financially. Doing that can ...
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Accounting Software

The Benefits of Moving to a Consolidated Financial Platform

November 4, 2019
Many growth companies today still use in-house financial and accounting teams. It was the norm in the past, and it’s still useful today in some ...
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Article

Graceful exits: Why Private Equity firms embrace Finance as a Service to ensure a swift and smooth due diligence

October 31, 2019
Private equity firms shouldn’t discount the role that sound financial operations and processes can play in selling a portfolio company, says Chris Hartenstein of Consero ...
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Article

Valuation How the finance & accounting function has hidden risks for investors

October 29, 2019
Investors rely on valuation, i.e., several metrics and numbers that tell them an investment is worthwhile. These numbers and metrics must paint a good picture. ...
47
Article

How the CFO role is evolving with the corporate controllers becoming more crucial

October 21, 2019
Finance and accounting teams in high-growth companies cannot operate without high-level strategic guidance from a finance executive, like a CFO. In recent times, this is ...
47
Article

Why mergers and acquisition deals often fail

October 14, 2019
Mergers and acquisitions (M&A) deals tend to fail. We all know that to be the case. Research supports this knowledge as well, as the rate ...
47
Article

3 ways private equity firms get post-acquisition value creation

October 11, 2019
Private equity firms experience many problems in the post-acquisition period. The portfolio company is acquired, but now what? How do you turn the company into ...
47
Article

The best type of CFO for a private equity-backed company

September 16, 2019
When private equity firms invest in a company, it is inevitable that changes will be made. There are several key factors that they look for ...
47
Article

Strategic controller vs. operational controller

September 9, 2019
A day in the life of a Controller can be diverse. The basic function of the controller position is to be responsible for the accounting ...
Article

The future of finance 6 ways that artificial intelligence will change the finance department

September 3, 2019
The finance department has been undergoing a lot of change in the past two decades. The modern technology of the 21st century has had a ...
Article

The carve-out conundrum: Effective steps to fast track the finance & accounting function

August 27, 2019
When a private equity firm carves out a business unit from its parent company, they’re left having to build a new infrastructure for that stand-alone ...
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Article

Optimizing the finance function as part of your 100-day plan

August 12, 2019
Every private equity firm needs to have the finance function of their portco optimized through a 100-day plan. In most cases, the job is placed ...
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1717 West 6th Street, Suite 410
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