CFO Roundtable – Managing OpEx During Economic Downturn

Updated: December 28, 2022

Surviving and even thriving in times of economic uncertainty may seem like a lofty challenge. However, there are certain metrics and prompt actions executives can take to manage operational expenses and prepare for an economic downturn.

In this virtual roundtable, you’ll hear from a panel of CFOs experienced in the software, IT services and telecommunication industry:

David Dolmanet, CFO of BryComm
Jessica Hamilton, CFO of Active Prospect
Steve Isom, CFO of Bloomerang

Learn how Finance as a Service can transform your organization and: Unify and clarify your numbers and processes

– Reduce the time you spend on the finance function by 90%

– Alleviate the need to hire and train finance & accounting staff

– Get an enterprise-level and accelerated finance function within as little as 30-90 days

– Enable growth as a driving force behind your business’s momentum and profitability

Let’s discuss how Consero can help your company, contact us here:

Request a Consultation

Related Resources

Depiction of CFO role in blue and orange
ArticleFinancial Leadership

What is the Evolution of the CFO?

Certain CFO responsibilities will remain the same for years to come, but others may change rapidly for this increasingly important member of the C-suite. The chief ...

Outstanding Idea: Outsourcing Trade

For today’s corporations, the ground is shifting. Issues such as globalization, business efficiency, increased specialization and product innovation are percolating upwards in priority. And corporations ...
ArticleArtificial Intelligence

What is the future of finance and accounting?

To survive in today’s highly competitive business environment, you need to increase efficiency and agility, particularly if your business goals include driving growth, introducing new ...
Corporate

3 tips to make a corporate turnaround possible

We hear a lot about corporate turnaround stories, either as historic examples or hypothetical musings. Most executives have probably wished for a significant transformation at ...
How Finance as a Service Helps Professional Service Organizations
ArticleFinance as a Service

How Finance as a Service Helps Professional Service Organizations

Professional services have seen a tremendous boom in recent years, with the number of companies in this sector growing significantly over the last decade. Professional ...
CEO / CFO

Driving Change Through Finance & Accounting What Issues Are CFOs Grappling with Today?

A company’s need for an optimized and rigorous finance and accounting (F&A) function becomes critical after it closes an investment from private equity and venture ...

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