Why Does Finance and Administration Consume Your Time?

Updated: May 19, 2016

We’ve all seen it: an employee hands over a large amount of data or reports, expecting someone to parse through them to find the important information. However, the executive is overwhelmed by the data and can’t find this information because he or she didn’t even know the purpose of the report. At Consero Global, we strive to make sure this never happens. That’s why we constantly reinforce the role of finance: to provide clarity and understanding to business owners so that they can confidently make decisions. In this video, Bill Klein, President of Consero Global, elaborates more on the role of finance and back office administration.

Related Resources

consero_inhouse_vs_outsource_infographic
Artificial IntelligenceWhitepaper

How CFOs Maximize the Value of Software and AI to Drive Better Business Decisions

CFOs today must leverage software and artificial intelligence (AI) to improve their organization’s financial performance, decision-making, and competitive edge. This e-book covers the pathways to ...
Article

Startup Funding Continues to Fall: How FaaS Can Help Boost Efficiency and Lower Costs for Investor-Backed Startups

After peaking at the end of last year, venture capital funding in North America has started to decline. Total venture dollar volume for the quarter ...
Back Office Holding Back 3
ArticlePrivate Equity Solutions

How private equity investors can get the most from their CFO

GPs may be eager to leverage the talents of portfolio company CFOs, but managing the tactical responsibilities of the finance department can interfere with the ...
CEO / CFO

You have a growth strategy – how do you execute it?

We all know the famous admonishment regarding the tendency of our “best-laid plans” to be led astray, no matter if its designer is a mouse or ...
Events and Webinars

2022 CFO Survey with Consero and Jack McCullough

We invite you to review the full results of the survey by clicking here:https://conseroglobal.com/2022-cfo-su… In this video, we explore what CFOs of institutionally backed companies ...
CEO / CFOPrivate Equity

How CFOs Can Better Manage Key Relationships

Consero’s COO and CFO Mike Dansby recently served as the moderator for a panel hosted by The CFO Leadership Council’s Austin Chapter. Members of the ...

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

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