C-Suite Roundtable with Consero: A Recession Playbook for Managing Finances & Operations

Updated: December 16, 2024
As the global economy faces uncertainty and the possibility of a recession, it’s essential for C-Suite executives to have a clear plan for managing finances and operations. Watch the on-demand C-Suite Roundtable: A Recession Playbook for Managing Finances and Operations where the executive panel shares practical strategies and insights on how to navigate these challenging times. You will learn about:
  • Key financial metrics to track during a recession
  • Best practices for reducing operational costs and maximizing efficiency
  • Strategies for securing funding and maintaining cash flow
  • The role of technology in enabling resilience and agility
Moderated by Consero Private Equity Director Tony Esposito, the panel includes the following C-Suite executives:
  1. John Araki, CFO of RecoveryOne https://www.linkedin.com/in/john-arak…
  2. Craig Fryar, COO of BankingON https://www.linkedin.com/in/craigfryar/
  3. Raj Lakhani, CFO of CORE https://www.linkedin.com/in/raj-lakhani/
To learn more about how Consero’s Finance as a Service solution can help you manage through turbulent times, request a 30-minute intro today: Request a Consultation

Related Resources

Business people looking at tablet with charts
ArticleReporting

Why PE portfolio companies struggle to generate timely & accurate financials

The private equity firms of the world deal with a lot of money – the whole market is worth around 3 trillion dollars according to ...
CEO / CFO

Why building an effective F&A department is so difficult

When it comes to organizing and leading any business, it can be easy to point to its strengths in times of growth, but often difficult ...
consero_inhouse_vs_outsource_infographic
Industry - Marketplace/eCommerceIndustry - Professional Services

Creating Value Out of the Finance & Accounting Function: 5 Common Mistakes PE-Backed Companies Make…And How to Fix Them

Private Equity firms need the Finance & Accounting team to deliver clear insights quickly. But too often, they are re-creating the wheel—implementing software, hiring professionals ...
Audits & Due DiligenceControls, Governance, Compliance

Due Diligence Readiness: Navigating State and Local Tax Complexities in M&A Deals

Consero partners with Source Advisor to help sellers prepare for a future sale and minimize historical liabilities. We will also explain how companies currently in ...
Pxl in white letters on blue background
Case StudyFinance as a Service

How PixelMEDIA Integrated Two Acquisitions in One Year with Consero

Consero helped PixelMEDIA's new CFO complete an ERP transition in 90 days, plus two acquisition integrations and three cash-to-accrual transitions within one year.
Events and WebinarsFinance as a Service

CFO Client Discussion with Wes Edwards, CFO of Multi-Location Healthcare MSO (backed by Sverica)

Consero’s Finance as a Service enabled the newly hired CFO to focus on being a strategic partner to the CEO with confidence that the basic ...

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