Controller moves her role from transactional to strategic and carves a path for professional growth

Updated: March 5, 2025

The Situation

PE-backed SaaS company with $48M in revenue was experiencing rapid growth. Future acquisitions were part of their growth strategy and they knew it was necessary to address the finance function. The goal was to have one streamlined process to quickly onboard and manage all entities.

  • Finance function was stretched after initial acquisitions
  • Internal processes could not scale as the company grew
  • No holistic visibility into all entities
  • Controller was buried with inefficient systems and processes with no time to add value to the CFO

The Consero Solution

Consero Finance as a Service (FaaS) provides:

  • Efficient finance & accounting software and workflows which include one GL for all entities with multidimensional views
  • Experienced and on-demand finance team to address fluctuating needs
  • Accurate, timely audit-ready financial reporting
  • Consistent and reliable back-office services including, transaction processing, closing and reporting, to scale as needed

“I would recommend Consero to other controllers. You are partnering with an extended team. You can let go of those transactional areas and grow yourself more operationally and strategically. It just opens up more opportunity to strengthen yourself personally and professionally ” – Michele Iovino (Senior Controller)

The Client’s Results

  • New Systems: Updated with best-in-breed systems and proven processes mapped to the business within 30-90 days. This improved the quality, efficiency, and cost structure of financial operations.
  • Quick & Accurate Reporting: SIMPL’s standardized and accurate financial reporting provides a clear financial picture of all entities and enables sharp decision making.
  • Scalable Team: Consero’s finance professionals tackle the routine back-office tasks and become part of the team with everyone working together to achieve the business goals.
  • Repeatable Results: An acquisition-ready ready finance function that can easily onboard and manage new acquisitions.
  • Professional Growth: Controller’s time freed up to focus on more strategic work such as budgeting, forecasting and more.

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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
• Business Process and Technology Transformation

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