One of ways that poor finance & accounting can really hurt your business is when a transaction is taking place. Many things determine the value of a business: future performance, financial leverage, financial return expectation, cash flow (not profits), deal structure, asset type and exit strategy. However, if you have poor finance & accounting, people are not going to pay you for things you can’t prove.

If you are raising money or trying to sell your business you need to have support documentation and buttoned up processes. If you don’t, it is a tedious transaction process that will lead to delays or cause a transaction not to happen. Or worse, the outcome can be lower valuations.

Structure and process ensures there are detailed support schedules around all the items that are in your financials. Anything stated in your financials needs to be backed up by the proper support documentation and must be proven. When it comes time for a transaction, the buyer has confidence in the information and the maturity of the business. So, make sure your processes are defined and documented. Prepare support documentation for all of the things your financials say. This will allow you to have a smooth, easy and fast due diligence process. It will also result in a maximized value that will be paid for your business.

The typical finance department at a small or medium business has immature processes and controls while relying heavily on paper-based financial processing. Most troubling, many lack formal policies and documentation with limited or non-existent financial controls to safeguard and monitor revenue and expenditures. This leads to inefficient transactional processing as well as inaccuracies and delays in the production of financial information and reporting. Now the company is susceptible to lost revenue, overpayments or even internal fraud. It also exposes the company to personnel-based “single point of failure” risks, which can derail growth efforts.

Consero has experienced people that that can improve the quality, efficiency and cost structure of financial operations. Our people, processes and technology has helped many businesses gain a substantial upgrade to the processes and controls that typically exist at a small company. Because Consero has finance & accounting completely buttoned up, including all supporting documentation, our clients have able to complete transactions with a very quick and easy diligence process and maximize the valuation of the business. For more information, please visit us at: www.conseroglobal.com

Consero is a Latin word that means “To Join” or “Connect”. In this video, Bill Klein, President of Consero Global, outlines why he and Scott Tynes chose this name for the company they founded in 2006. They encountered so many companies that lacked access to basic financial information and were drowning in all the financial decisions they had to make on a day to day basis. Bill and Scott knew that finance & accounting could efficiently create understanding and certainty to drive businesses forward.

Consero’s goal is to join companies together with an enterprise-level finance and accounting solution that provides them with the people, process and software that their businesses need to succeed. We give companies the proven process and the tight financial controls to efficiently manage their financial activities. This frees up their time so they can focus on strategic initiatives. Next, we deliver complete and comprehensive financial reporting so companies can actually make informed decisions about their business.

While some companies understand that their financial system is broken, they are very hesitant to change. Consero has the proven experience with over 200 company implementations, so we can quickly upgrade a company’s financial process with minimal disruption. Within weeks not months, companies will now have a complete picture of the overall health and direction of the financial performance of their business via high level metrics and key performance indicators (KPIs). Plus, companies can access all their financial information on demand, with up to the minute reporting on financial standing via iPad or laptop. With our talented people, proven experience and robust software, we help businesses efficiently solve their financial difficulties so they can drive their business forward.

We’ve all seen it: an employee hands over a large amount of data or reports, expecting someone to parse through them to find the important information. However, the executive is overwhelmed by the data and can’t find this information because he or she didn’t even know the purpose of the report. At Consero Global, we strive to make sure this never happens. That’s why we constantly reinforce the role of finance: to provide clarity and understanding to business owners so that they can confidently make decisions. In this video, Bill Klein, President of Consero Global, elaborates more on the role of finance and back office administration.

In a small business, capital often takes over, compromising the quality of in-house finance to fit budgetary restraints. We’ve all seen it … small- to mid-sized businesses can only afford to hire one person, so they aim for the middle. They hope this middle person will provide the higher level of work more strategically, while also doing the lower transactional work in the business. That’s just not going to happen today. The result is an employee questioning his or her own confidence, and feeling little self worth. On the flip side, entrepreneurs and business owners are spending money, yet not getting any information in return to help run their businesses more efficiently and grow. That’s where Consero Global can help. Consero provides a small company with a team of financial experts to bridge this gap.

Consero Global provides companies with more insightful financial information and scalable back office operations. Consero’s fully managed platform of robust software, experienced finance professionals and proven, customized operational processes give you more insight and control, while reducing time spent managing your finance department. Your dedicated finance team intimately understands your business and is available whenever you need them, taking care of all of your back office needs while providing the key performance indicators you need to make informed decisions. Consero’s software integrates “best of breed” financial software packages and puts ALL of your financial information in one place. From paying bills, to approving expense reports, to viewing and analyzing cash, revenue and profitability, your custom portal provides it all! Your personal dashboard instantly gives you an all-inclusive understanding of how your business is performing each and every day. Best of all, Consero’s efficient and variable cost model reduces your fixed operating costs and scales up or down, based on the needs of your organization. To learn more about Consero visit our website: www.conseroglobal.com