Consero seamlessly integrates new acquisitions and supports due diligence for a profitable exit


Read Full Case Study

Merging three companies with granular data into a single entity is challenging, especially when there are multiple systems and no single-source-of-truth. Insurity needed better data organization and realigned priorities so they could spend less time on data creation and more time on analysis.
Before Consero, Insurity suffered from:

  • NetSuite not optimized and Order to Cash inefficiencies Turnover in accounting team
  • Time-consuming data distillation with vaguely defined recurring revenue KPIs
  • Lack of analytical views for two distinct functions:
    Corporate (CRO, G&A) and product levels and owners
  • Preparing for sale by PE firm

The Consero Solution

Consero’s Finance as a Service (FaaS) provides experienced finance professionals, customized operational processes and robust software needed to support the daily financial operations and strategic decision making.

The Client’s Results

Rollups Made Easy:

Consero developed a systematic, repeatable process to onboard acquisitions quickly and get a clear understanding of the true financial and operational status of the business.

Realigned KPIs: Consero defined KPIs and delivered accurate hardline data with targeted analysis so critical decisions could be made.

Successful Exit: From initial discovery to final exit of the portfolio company, Consero provided readily available financial information for corporate, product owners, and interested buyers. Consero seamlessly supported the sale process of Insurity to GI Partners.

Increased Enterprise Value: The 37% cost reduction over its previous in-house solution maximized returns upon the exit.

“Consero seamlessly supported the sale process of our portfolio company. Financial information was readily available and Consero quickly addressed the buyer’s due diligence requests. This resulted in a smooth process and helped maximize the value of the business.”

Kevin Masse,
Chief Portfolio Officer

Consero FaaS: Disrupting the Outdated Traditional F&A Model

  • 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