Resources

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The art of the roll-up, part II: Integrating acquisitions into a roll-up

As a private equity firm completes an acquisition, it’s vital that certain finance and accounting activities at the portfolio company continue uninterrupted, regardless of the ...
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Article

How private equity investors can get the most from their CFO

GPs may be eager to leverage the talents of portfolio company CFOs, but managing the tactical responsibilities of the finance department can interfere with the ...
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Article

5 Most Important SaaS Metrics Investors Need to See

These are the five most important metrics at each stage of your journey to reach $100 million with your SaaS company.
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Article

Bad Books Can Cost You With Private Equity Investors

Your books can make or break your next transaction.
Article

The art of the roll-up, part I: The value of a smooth integration of the finance function

As buy and build strategies became a staple strategy for private equity firms, it’s important for firms to remember the value of a smooth roll-up ...
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Article

How to get your F&A function at or under 1% of revenue

Here's how to build and optimize a lean and agile finance function.
Article

Why private equity firms get meaningful partnerships by outsourcing

Choosing to outsource accounting and the administration role is a huge decision for every private equity fund manager. With that in mind, we are here ...
Skyscrapers
Article

The impacts of ASC 606 and why private equity firms need to pay more attention

You have probably heard by now about the new revenue recognition standard that goes by the acronym ASC 606. If you have, you know its ...
How Bill.com is an essential part of Consero’s FaaS model
Accounting Software

How Bill.com is an essential part of Consero’s FaaS model

Consero founded in 2006, and from the very start, we wanted to focus on providing high-quality service to high-growth companies. We aimed at offering a ...
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Article

Consero Global’s Inside the Portfolio Series: How Gimmal found a new gear

Gimmal’s private equity backers saw the potential for the records management company to transition from services to software, but first, Gimmal had to ensure the ...
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Article

How Automation and AI Will Reshape the Financial Close

Leveraging advances in automation and artificial intelligence will transform empower financial teams to achieve greater accuracy, efficiency, and strategic value in the financial close process.
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Article

A new revenue recognition standard for GAAP companies

All companies in the US, mostly private companies that follow the U.S. Generally Accepted Accounting Principles, or GAAP, need to start implementing the new revenue ...

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