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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 Outsourcing Finance & Accounting Helps CFOs

December 23, 2019
More CFOs look to F&A partners to quickly build scalable finance teams, upgrade systems, and for major transactional support.
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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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 ...
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Consero Global LLC
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