Economic Downturn Tech & Trends: The role of Finance as a Service in today’s marketplace

New data underscores the critical role that outsourcing plays in the overall finance and accounting market today. Finance is now the 2nd most outsourced function among corporations, behind IT and ahead of payroll and customer service, with 44% of businesses outsourcing the finance function.

Join us for an engaging virtual info session where we will discuss a Big Four Market Study about the critical role Finance as a Service (FaaS) plays in today’s finance and accounting marketplace. You’ll hear real stories directly from a CFO with over 35 years of combined management and consulting experience in multiple industries, including software, tech, and services.

Key discussion points will include:

  • How can you free up money to support the core business
  • How to button up financials in a challenging funding environment
  • How outsourcing adds efficiency and expertise
  • Case study showing a 34% cost savings using FaaS vs. building in-house

To learn more, please visit us at:…

Consero FaaS: Disrupting the Outdated Traditional F&A Model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