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
Key Takeaways
- Proactive Preparation is Critical: Preparing for audits and due diligence ahead of time prevents last-minute stress and potential deal delays.
- Finance as a Service (FaaS): Outsourcing finance functions to experts like Consero can ensure consistent audit readiness.
- Monthly Account Reconciliation: Regularly reconciling accounts minimizes surprises during audits and due diligence.
- Stay Updated on Standards: Understanding and implementing the latest accounting standards, such as ASC 606, is essential.
- Strong Documentation Systems: Maintain well-organized employee documents, contracts, and financial records for easy retrieval.
- Leverage Technology: Tools like Blackline and Intacct streamline reconciliation and financial reporting.
- Relationships Matter: Cultivating good relationships with auditors and advisors ensures smoother audits and quicker resolution of issues.
- Standardized Contracts Save Time: Avoiding custom contracts simplifies both revenue recognition and due diligence processes.
- Clean Audits Add Value: Companies with clean financials often secure better valuations and avoid unnecessary consultant fees.
How Finance as a Service Supports Audit-Readiness
- Scalable Support: Consero provides ongoing managed financial support that can scale with the company’s growth, from routine month-end close processes to on-demand CFO services.
- Process Optimization: Offers finance transformation to optimize financial systems, processes, and documentation, helping companies reach an “audit-ready” state.
- Comprehensive Coverage: Supports the full finance stack, including human capital, process management, and systems optimization.
- Proactive Documentation: Ensures critical policies, procedures, and best practices are documented for ease of compliance and audits.
- Access to Expertise: Clients benefit from Consero’s deep experience with private equity and venture-backed businesses, ensuring alignment with investor expectations.
Get in touch to learn more about how you can quickly get an efficient and audit-ready finance function,
