How CFOs can be a strategic partner to the CEO and investors [Webinar]

Updated: May 20, 2025
YouTube player

Longtime Consero client, Scott Sanders, CFO of Broadway Technology, a software and fintech company backed by Long Ridge Equity, BC Partners and HPS Investment Partners, discusses his experience with Finance as a Service and describes the value it brings to his role as CFO and to the organization overall.

During the discussion, Scott tells us how Consero’s Finance as a Service model enables him to:

  • Free his time from managing the back-office so he can spend most of his time adding value to CEOs and Investors
  • Keep the cost of the F&A function low and reduce business continuity risk with Consero managing all hiring, training and backfilling of the finance team
  • Easily pass an audit and quickly turn around large info requests during due diligence
  • Have “less worry” because of Consero’s checks and balances and a solid process for closing the books

Related Resources

Consero webinar title card, top considerations when rolling out an ERP
Accounting SoftwareAccounting Software

6 ERP Implementation Best Practices + Considerations [2025 Webinar]

A complete guide on how to select an ERP implementation partner, avoid common pitfalls, and plan a successful roll-out step-by-step.
A provision of the Dodd-Frank Act protects internal whistleblowers.
ArticleFinancial Leadership

How to use finance as a marketing tool to increase value with investors

Too often, the work of finance and accounting teams within growing businesses seems perfunctory and inconsequential. That remains true even in the high-stakes world of ...

Examining broader effects of new revenue reporting standard

For some companies, time is running out to meet compliance standards for the new revenue recognition rule issued by the Financial Accounting Standards Board. With ...
dynamic upward flow of light trails in blue, green, and yellow
Accounting Software

How Finance as a Service Helps SaaS Companies Grow

FaaS combines financial expertise with best of breed tech to automate the back-office and investor reporting.
Back Office Holding Back 3

4 long-term concerns around the finance talent gap

Today’s executives and financial leaders across all sectors are always looking for what’s next. Sometimes, that planning can feel more like concern for the future. ...
Featured Insights & SuccessesFinance & Accounting

The ROI of Outsourced Finance & Accounting

The Finance as a Service solution offers growing organizations greater flexibility, efficiency, scalability, and cost savings than traditional F&A department building.

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