3 main concerns when evaluating Finance as a Service

Updated: January 22, 2025

At Consero Global, your peace of mind is important to us. So, let’s discuss some potential concerns you might have when evaluating the Finance as a Service model:

1. We’ve outgrown an outsourced solution.

Consero’s Finance as a Service model is different than the traditional accounting consulting model. We help companies by implementing a turnkey accounting system, complete with processes and a team of experts. We work with companies that generate several hundred million in revenue, so we can scale and grow with you. And, we do it at the most cost-effective price point, in the shortest amount of time.

2. I’ll just hire one person to figure it out, since I don’t have time to manage this.

This is actually how many companies fail—by hiring just one person to do everything. But in order to have a world class accounting and finance department, you need a variety of skillsets. With us, that’s exactly what you get—a team of experts in every area. Whether it’s design and implementations or daily accounting activities, we have experts trained and ready. Our clients have found that our expert team approach has significantly better outcomes than just hiring one individual and hoping they can take care of everything.

3. As a CFO, what will there be left for me to do once Consero is implemented?

The role of CFO comes with many responsibilities, including both operational and strategic tasks. Consero works with some of the best CFOs in the nation. We’ve supported them by taking over the operational duties so they can confidently focus on the strategic ones, like being the best CEO’s right hand they can be. Save your time for the strategic parts of the job the tasks that need your experience, intellect, and insight like interacting with the CEO/Board, and employees, M&A, Funding, and growing the company.

We can help. Contact us to find out how.

Related Resources

Secondary share offerings change fundraising dynamic

Among the most noticeable changes in modern financial markets is the trend away from initial public offerings and a tendency for private companies to continue fundraising ...
Events and Webinars

Finance as a Service: Buy + Build Strategy – Creating Amazing Customer Experiences and Services

Bill Klein, President of Consero, is an entrepreneur with over 20 years of experience with technology and services organizations ranging from startups to large organizations. ...
consero_inhouse_vs_outsource_infographic
Funding EventsFunding Events

Top challenges faced after your company receives funding

If you’ve recently received funding, then you’re familiar with how challenging it is to provide timely, insightful financial information to your investors. Challenges This could ...
Video Testimonials

Discussion with Base10 Partners – First Black-Led VC Firm To Cross $1 Billion AUM

In this Consero client discussion with Jarred Morales-Mckinzie, Director of Finance at Base10 Partners, shares his experience in a venture capital firm with $1.8B in ...
Events and Webinars

Rapid Growth: Lessons and Learnings with Keel Digital COO, Jay Fischbach

As the economy gains momentum post-downturn, business leaders and investors are refocusing on revenue growth. In this on-demand event, Keel Digital, COO, Jay Fischbach shares ...
ArticleOutsourcing

Top objections and concerns about outsourcing your finance & accounting function

Consero Global is a top Finance as a Service (FaaS) company that provides a plethora of robust solutions for CEOs, CFOs, and investors regarding all ...

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