5 Powerful Advantages of Finance as a Service (FaaS) for Investment Management Firms

Consero’s Finance as a Service (FaaS) is a fully-managed back office solution that blends leading financial technology and a skilled finance & accounting team designed specifically to help investment managers run their business efficiently and profitably.
Updated: April 3, 2025

This eBook explores the top five ways FaaS enables investment managers like you can overcome common challenges and accelerate your time to value.

Whether you’re growing your investment management business, launching a new fund, or launching your first fund, increasing your clients’ wealth is your passion. Your investors are the lifeblood of your business, and you know how to nurture those relationships. When you can focus on your clients and their financial success, your firm can also be successful.

But running a business is more complicated and time-consuming than you expected. From human resources to accounting tasks to compliance and security risks, it’s easy to get bogged down with managing the day-to-day instead of being able to focus on what you are best at—managing client investments.

The good news is you can streamline the entire back office of your investment management firm and scale on demand, effortlessly. Consero’s Finance as a Service (FaaS) is a comprehensive solution that blends leading financial technologies and expert advisory services designed specifically to help investment managers run their businesses efficiently and profitably.

Keep reading to learn how FaaS helps you:

1.Take the Stress Out of Financial Management

2.Leverage Industry Experts to Support Your Unique Operations

3.Ensure Best Practices for Human Resources

4.Minimize Risk While Boosting Control and Transparency

5.Scale Your Business on Demand

Related Resources

Case Study

Algo leverages Consero’s Strategic CFO Services to get the finance function in order before they could pursue acquisitions

Client leverages Consero’s Strategic CFO Services to get the finance function in order before they could pursue acquisitions. Background: PE-backed enterprise software company was looking ...

Consero Global delivers a robust financial solution

Below is a recent interview with Scott Tynes, CEO of Consero Global. This interview was originally posted by TechCompanyNews.com on May 21, 2018. Q: Could you ...
7 Ways to Boost Your Cash Flow Right Now
ArticleFinancial Leadership

7 Ways to Improve Your Cash Flow Right Now

Cash flow is the lifeblood of any business. Consider these strategies to boost your cash flow today.
CEO / CFO

Rollup: How finance can prepare to execute a rollup

  Today’s corporate leaders are increasingly finding their traditional financial playbooks to be outdated to the point of obsolescence. Sales can be volatile, while low ...
Four men in business suits shaking hands
ArticleOutsourcing

What are the services provided by an outsourced finance & accounting firm?

When the CFO and finance department spend all their time trying to keep their financial statements and records straight, there is little time left to ...
Gray and white image of a deconstructed compass
Accounting SoftwareArticle

9 Best QuickBooks Alternatives for Scaling Businesses [2025]

The best QuickBooks alternatives are easy to use, unite disparate systems, and eliminate manual processes.

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
• Business Process and Technology Transformation

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