Finances, Security

Consero Roundtable: Security and Controls in the Finance Function

In the Age of Rising Cyber Crime: Security and Controls in the Finance Function (Filmed on May 21, 2021)

Panel:
Vinay Pai, SVP of Engineering – Bill.com
Brian Koref, Sr. Director of Information Security – Sage Intacct
Jeanine Nosker, VP of Delivery Transformation – Consero

Host:
Bill Klein, President – Consero

Listen to this Roundtable to learn about best practices in cyber security and hear from experts on what financial systems and internal controls you can impart to mitigate risk in the finance function and protect your business from losing cash.

Consero Global LLC
1717 West 6th Street, Suite 410
Austin, TX 78703
866.588.0495

Consero FaaS: Disrupting the Outdated Traditional F&A Model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