Freedom-to-focus“Free my mind”

So said the CEO, responding to my question of what was wanted from finance and accounting. How could a CEO’s powerful intellect be held hostage? What would free the CEO’s mind?

“Receiving insightful financial information without thinking about accounting” was the response.

Finance professionals work with details. We protect the organization’s assets and future prospects, by providing objective information, good data and transparency about the numbers. We provide process for management controls, with tactical plans, forecasts, key performance indicators, measurements and evaluation of variances. We design controls that identify and resolve exceptions before they become crises.

We can be so willing to share the details. But the CEO needs to be free – trusting that the accounting and finance work is being done well. Process transparency and timely accurate reporting can help.

The CEO must focus on leading the organization, profitable growth, competitive markets, operational excellence, and customer satisfaction. Financial executives need to be partners with CEOs. As active participants in the business, helping the executive team drive cross functional strategic plans, build on strengths, identify and mitigate weaknesses, where to focus, organize, allocate resources, and direct activity. To do this, financial executives also need to free minds.

Transaction processing, bookkeeping, reconciling accounts, reporting, and preparing financial statements are no longer enough – when done well, these are the entry price for a seat at the table to be an active participant. New technologies now allow the detail work to be done by specialists more quickly, with better quality and lower cost. The transformation of finance and accounting is underway.

Are you an active participant? Are you free?

Consero FaaS: Disrupting the Outdated Traditional F&A Model

  • 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