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 function would be handled properly. Watch the on-demand video (recorded Sept, 2021).

Top 3 takeaways:

  • CFOs can’t be a strategic partner to the CEO if they are stuck in the finance & accounting function
  • Passing an audit and closing the books in a timely fashion is essential when exploring capital markets
  • Building a finance function piece by piece will be more costly and result in a longer timeline because implementations always take longer than promised

Take a look at why Finance as a Service and a fully managed financial solution could be a fit for you:

You can also read the MedFirst case study and learn more about how the CFO was able to get an investor-grade financials and upgrade the finance function without having to build it from scratch.

Would you like a short introduction to Consero and learn about how your organization can benefit from Finance as a Service?

  • Connected Data
  • More Time on Strategic Initiatives
  • Audit & Due Diligence Ready
  • Process & Controls
  • Financial Visibility
  • Poised for Growth

Schedule a 30-minute intro today: reserve your time here.

Consero FaaS: Disrupting the Outdated Traditional F&A Model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