Consero Named Finalist for ACG Central Texas 2014 Growth Award

The ACG Growth Awards is an annual event that honors market-leading companies who make Central Texas the thriving business community that it is.  These companies made their mark with sustained growth and financial performance in the four categories below.  Consero was proud to be one of three finalists in the category: Annual Revenue Up to $25M Headquartered in Austin.  Congratulations to The New Office for their accomplishments in 2014 and beyond.

The Central Texas Chapter of ACG encompasses Austin, San Antonio and surrounding areas, and is one of three Chapters in Texas.  They have over 250 members and are among the top 20 fastest growing chapter in all of ACG, world-wide.  They hold monthly meetings in both Austin and San Antonio.  In addition, they hold several special events throughout the year, including this Awards event, golf tournament and the Toast to Private Equity.

Here are the Nominees and Winners for 2014:

Annual Revenues Over $100M Headquartered in Central Texas

Annual Revenues Between $25M – $100M Headquartered in Central Texas

Annual Revenues Up to $25M Headquartered in Austin

Annual Revenues Up to $25M Headquartered in San Antonio

Consero FaaS: Disrupting the Outdated Traditional F&A Model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