3 Tips To Be Audit And Due Diligence Ready, And Why It Matters with Mike Dansby

How can you maximize the value from your audit and/ due diligence process? You may have had challenges with your audit or be in the midst of planning for the next one. It’s possible your company may be pursuing the next round of funding. How can you be better prepared? How can you maximize the value of your business?

Join Consero’s webinar to hear real stories – the good, the bad, and the ugly – directly from Mike Dansby, a CFO with more than 35 years of combined management and consulting experience in multiple industries including software, tech, and services.

You’ll learn how you can reduce your audit risks and help your organization to be audit and due-diligence-ready.

In this 45-minute webinar, you’ll discover:

* How to improve your process for preparing audit and due diligence-ready financials
* Why having buttoned-up financials at all times is critical to valuation
* Ways to ensure your company successfully completes an audit and due diligence

Learn more about how you can quickly get an efficient and audit-ready finance function: https://conseroglobal.com/request-a-c...

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Signs Your Organization Has Outgrown its Finance & Accounting Software

According to a survey by Sage Intacct, over one-third of financial executives are actively searching for finance and accounting software alternatives. Whether you are on QuickBooks, or Zero, you may be experiencing some limitations of the finance & accounting software you implemented early on in your startup days. But when is the right time to migrate to a new, more advanced solution?

Watch this on-demand webinar where our presenters identify the major signs an organization has outgrown its current finance and accounting software. They will provide suggestions on what alternatives your peers are using. We will also be speaking with a finance leader who has recently moved off QuickBooks, and why.

If you would like to discuss your unique circumstance and how to accelerate your finance function, connect with us here.

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CFO of Roberson Stephens Gets Efficient Finance & Accounting Function From Scratch

David Westbrook, CFO of Robertson Stephens, shares his past experience joining the company under the sponsorship of Long Arc Capital and a brand new management team.

Learn how Robertson Stephens leveraged Consero’s Finance as a Service to reduce time spent on building an F&A function and how Consero provided:

  • A turnkey, fully managed back-office
  • Access to a reliable and skilled finance team
  • Advanced reporting to support digital transformation
  • Support for add-on acquisitions
  • A back-office team to offload transactional roles so David could focus on investment growth
  • Take a look at why Finance as a Service and a fully managed financial solution could be a fit for you

Quotes from David Westbrook:

  • “Consero gives me time to put my attention on the growth thesis. 50% of my time is on M&A which I would not have time to do without Consero’s support. “
  • “The story is simple, Long Arc came to me and said “David, we can hire you and only you. You wouldn’t need to hire a team or find an accounting system, Consero can bring all of that to the table.””
  • “We receive a full suite of services from Consero – from HR, payroll, benefits, interface for AP to general ledger – Consero takes care of everything. I just sit at the top of the pyramid and complete final approvals.”
  • “Consero helps significantly with getting audits done timely and providing the reports auditors need. I can actually go away on winter vacations, which was something I was never able to do previously. I know Consero has things under control with the auditors and I don’t need to worry.”
  • “We have well thought out processes and appropriate segregation of duties, all thanks to Consero. That makes not only the auditors happy but also our investor because they can see that we have the proper controls and have mitigated risk of financial fraud. There is a dual protection from having auditors and Consero review the finances.”
  • “As much as I like QuickBooks for small businesses, I hate QuickBooks from a control perspective. I have audited many firms that use QuickBooks, and it is painful from an audit point of view.”
  • “In regard to SAP implementation, I have never met one that was on time or on budget ever. Consero had us up and running within a week. I wouldn’t have even been able to produce a list of accounting packages to consider in the same amount of time that we went from having nothing, to being fully functional.”
  • “When they brought me on board, I could have focused on all the building blocks needed to get a finance function in place but then I would not have been focused on building the business which is what they needed me to do.”

Schedule a 30-minute intro today: reserve your time here.

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2022 CFO Survey with Consero and Jack McCullough

We invite you to review the full results of the survey by clicking here:

In this video, we explore what CFOs of institutionally backed companies are grappling with. Special guest Jack McCullough, the Founder of the CFO Leadership Council, provides insights to this conversational webinar on trends and topics uncovered in the survey results.

Bartley O’Dwyer and Tony Esposito join Jack to discuss:

-The optimal state, size and organizational structure for a F&A function as a business scales
– Where CFOs should consider investing at different inflection points as a business scales
– Hidden costs and spending time on value-driving activities

The results were based on the responses of 100 PE-backed CFOs. Please feel free to download this complimentary report to discover how CFOs are optimizing for growth.

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Secrets of Rockstar CFOs with Consero and Jack McCullough

In this video, Bridget Howard interviews Jack McCullough, 25x CFO and Founder of the CFO Leadership Council. Based upon conversations with elite CFOs, from Silicon Valley startups to Fortune 500 multinationals, in this Book Jack McCullough describes their key common traits regardless of their individual paths and journeys. You’ll learn the practices that make world-class CFOs, and how these people have become leaders in finance, strategy and operations. What Are The Secrets?
  • Think Strategically
  • Provide Ethical Leadership
  • Master Deal-Making
  • Build Elite Teams
  • Learn Continuously
  • Develop Board Relationships
  • Perform Cross-Functionally
  • Maintain Financial Expertise
  • Achieve Work/Life Balance
To learn more about how you can accelerate as a CFO, visit us at: https://conseroglobal.com/
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Finance as a Service quickly builds a scalable finance function during a private equity carve out

Jared, CFO of Springbrook (acquired by Accel-KKR), shares his experience with an unsteady finance function, the challenging impact of a Carve-Out scenario on the finance & accounting function and how to overcome the void that is left.

Learn how Jared leveraged Consero’s Finance as a Service to reduce time spent on building a finance & accounting function and:

  • Quickly implement a scalable, cloud-based system with advanced functionality
  •  Access a reliable and skilled finance team
  • Get automation to support contracts, project accounting and CRM integration
  •  Develop workflows for AP, Collections, Expenses, and Cash forecasting
  • Get support for upcoming acquisition
  •  Offload transactional roles so he could focus on strategic initiatives

To learn more about how you can quickly build a scalable and efficient finance function, visit www.conseroglobal.com.

VC-backed CEO discusses how Finance as a Service drives value in the finance function

Consero visits with longtime client, Corey Gross, CEO of Sensibill, a software and Fintech company. Corey has successfully raised Seed, Series A, and Series B funding across a number of venture funders including: Radical Ventures, Information Venture Partners, First Ascent Ventures, Mistral Venture Partners, Impression Ventures, and Operative Capital.

During the discussion, Corey tells us how Consero’s Finance as a Service model enables him to:

  • Be due diligence ready as Sensibill raised a SEED, Series A, Series B in addition to debt agreements with financial institutions and government grants and loans, all of which required diligence
  • Get experienced CFO advice that helped navigate Board interaction, funding rounds and business fluctuations
  • Have timely and accurate financial reporting that allowed for consistent clean audit opinions and timely investor and bank reporting
  • Access a sophisticated accounting platform including a cloud-based finance & accounting technology stack with workflows and automation to deliver real-time visibility into key financial data

Take a look at why Finance as a Service and a fully managed financial solution could be a fit for you: www.conseroglobal.com

CFO of Broadway Technology discusses how CFOs can be a strategic partner to the CEO and investors

Longtime Consero client, Scott Sanders, CFO of Broadway Technology, a software and fintech company backed by Long Ridge Equity, BC Partners and HPS Investment Partners, discusses his experience with Finance as a Service and describes the value it brings to his role as CFO and to the organization overall.

During the discussion, Scott tells us how Consero’s Finance as a Service model enables him to:

  • Free his time from managing the back-office so he can spend most of his time adding value to CEOs and Investors
  • Keep the cost of the F&A function low and reduce business continuity risk with Consero managing all hiring, training and backfilling of the finance team
  • Easily pass an audit and quickly turn around large info requests during due diligence
  • Have “less worry” because of Consero’s checks and balances and a solid process for closing the books

Finance as a Service: Buy + Build Strategy – Creating Amazing Customer Experiences and Services

Bill Klein, President of Consero, is an entrepreneur with over 20 years of experience with technology and services organizations ranging from startups to large organizations. He speaks with Anand Krishnan, Managing Partner of Thinkbridge, seed investor, and technologist who is specifically focused on helping growth stage companies become technology companies.

In this discussion, Bill and Anand discuss how businesses can keep up with the number of software platforms that are required to run a typical business, yet provide amazing customer and employee experiences. They also explore Consero’s SIMPL platform for Finance as a Service. The SIMPL platform abstracts the complexities of using multiple platforms and people powered services, to deliver a simplified and targeted user experience.

CFO Client Discussion with Wes Edwards, CFO of Multi-Location Healthcare MSO (backed by Sverica)

Consero’s Finance as a Service enabled the newly hired CFO to focus on being a strategic partner to the CEO with confidence that the basic finance function would be handled properly. Watch the on-demand video (recorded Sept, 2021).

Top 3 takeaways:

  • CFOs can’t be a strategic partner to the CEO if they are stuck in the finance & accounting function
  • Passing an audit and closing the books in a timely fashion is essential when exploring capital markets
  • Building a finance function piece by piece will be more costly and result in a longer timeline because implementations always take longer than promised

Take a look at why Finance as a Service and a fully managed financial solution could be a fit for you:

You can also read the MedFirst case study and learn more about how the CFO was able to get an investor-grade financials and upgrade the finance function without having to build it from scratch.

Would you like a short introduction to Consero and learn about how your organization can benefit from Finance as a Service?

  • Connected Data
  • More Time on Strategic Initiatives
  • Audit & Due Diligence Ready
  • Process & Controls
  • Financial Visibility
  • Poised for Growth

Schedule a 30-minute intro today: reserve your time here.