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.

Related Resources

Video

Consero’s Finance as a Service (FaaS) includes a fully integrated software platform called Simpl®.

For growing middle-market businesses, supporting financial operations is tough. You want to make good business decisions, provide the right insight and guidance, invest wisely, and ...
Blue and white title card with Brian Falahee, Delta Global and Julee Nevarez, Consero
Events and WebinarsInvestment Managers

Delta Global Management: A Hedge Fund’s Financial Efficiency Journey with Consero [Webinar]

Learn how Consero helped Delta Global establish best practices and scalable F&A infrastructure from day one of the hedge fund's launch.
Hand stacking blocks with dollar signs into a pyramid
ArticleMetrics

The Ultimate Guide to Monthly Recurring Revenue (MRR)

MRR is like a power plant for subscription-based businesses, fueling growth when understood properly.
The Benefits of FaaS for Professional Service Firms
ArticleFinance as a Service

The Benefits of FaaS for Professional Service Firms

Finance as a Service (FaaS) is quickly becoming one of the most popular ways for Professional Service firms to save money. Professional Services organizations, such ...
CEO / CFO

Consero Answers: How To Get Paid in Full

Its one of the most gut-wrenching moments for any business owner or executive (and we have all been there!) – the moment when you realize ...
consero_inhouse_vs_outsource_infographic
Finance as a ServiceVideo

3 main concerns when evaluating Finance as a Service

At Consero Global, your peace of mind is important to us. So, let’s discuss some potential concerns you might have when evaluating the Finance as ...

Finance as a Service

Cutting edge technology, processes, and people in a fully-managed solution to deliver precise financial visibility and improved operational scalability, plus a lower and more predictable cost structure. 

Flex Finance

Keep your existing technology and processes. We can manage the back-office F&A function from end-to-end process, including closing the books. When you need skilled talent, we can supplement your F&A team.

Advisory Services

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