2022 CFO Survey with Consero and Jack McCullough

Updated: August 2, 2022

We invite you to review the full results of the survey by clicking here:
https://conseroglobal.com/2022-cfo-su…

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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Expert advice and strategies to help you grow.

• CFO Advisory Services
• FP&A and Reporting
• Technical Accounting & Clean-Up

Consero FaaS: Disrupting the Outdated Traditional F&A Model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