Financial Transformation in 90 Days: How Neil Wainwright and Consero Revolutionized Cira Apps’ Operations

Neil Wainwright, CEO of Cira Apps, discusses how partnering with Consero helped establish an efficient and cost-effective finance function within his first 90 days in-seat.
Updated: December 2, 2024

Share these insights:

YouTube player

 

In this video, you’ll hear from Neil Wainwright, the visionary investor-backed CEO of Cira Apps. Following Cira Apps’ acquisition by a private equity firm, Neil faced the challenge of establishing robust financial reporting systems as he stepped into his new role. With the support of Consero, he successfully established an efficient and cost-effective finance function within his first 90 days, revolutionizing the company’s operations. In this session, Neil will share:

  • Improved Reporting Needs: How Consero’s team provided tailored financial solutions that addressed Cira Apps’ immediate reporting needs
  • Quickly Upgraded Technology: The strategic transition from QuickBooks to a powerful multi-entity reporting system
  • Rapid Implementation: His firsthand experience with Consero’s onboarding process and its profound impact on Cira Apps’ growth

Request a consultation to learn more about how Consero can help you solve your finance and accounting challenges.

Related Resources

Mergers Acquisitions pic

Consero Answers: Why Can’t I Get Good Financial Reporting?

Is your company flying blind? Timely, reliable financial reports are the eyes and ears of effective decision-making. Without good data, ...
Back Office Holding Back 3 CEO / CFO

How Outsourcing Your Finance and Accounting Will Save You Time And Money

Sound financial management and accurate financial reporting are essential for any growing business. A skilled finance department requires full-time employees that ...
1398690352-7-deadly-sins-financial-management-infographic

Three Reasons Why Financial Outsourcing is on the Rise

There is an upward trend of outsourcing in every area of business.  This trend is supported by an overall improving ...
consero_inhouse_vs_outsource_infographic Case Study

Tritium Partners taps Consero before hiring a full-time portfolio company CFO

The private equity firm Tritium Partners tapped Consero Global before hiring a full-time portfolio company CFO, so when the ideal ...
Article

F&A partners can add strategic value without draining time

Research shows finding the right finance and accounting partner can unlock significant value for SMBs. However, the shared services space has become crowded.
CEO / CFO

Planning a Successful Exit: Understanding the Various Stages of Venture Capital Financing (Part I)

Like kindling to a campfire, most startup businesses need capital in order to grow. This capital comes in two main ...

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