Linkedin Youtube Facebook
Free Outsourcing ROI Calculator
Main Menu

Finance as a Service quickly builds a scalable finance function during a private equity carve out

Updated: May 13, 2022

Jared, CFO of Springbrook (acquired by Accel-KKR), shares his experience with an unsteady finance function, the challenging impact of a Carve-Out scenario on the finance & accounting function and how to overcome the void that is left.

Learn how Jared leveraged Consero’s Finance as a Service to reduce time spent on building a finance & accounting function and:

  • Quickly implement a scalable, cloud-based system with advanced functionality
  •  Access a reliable and skilled finance team
  • Get automation to support contracts, project accounting and CRM integration
  •  Develop workflows for AP, Collections, Expenses, and Cash forecasting
  • Get support for upcoming acquisition
  •  Offload transactional roles so he could focus on strategic initiatives

To learn more about how you can quickly build a scalable and efficient finance function, visit www.conseroglobal.com.

Related Resources

ArticleArtificial Intelligence

The rise of AI: How automation will affect the CFO’s role in the future

September 4, 2018
Automation is one of the most transformative forms of technology in existence. From assembly lines to high-level financial and accounting work, the ability of digital ...
Bill Klein, former Consero President
TalentVideo

Why Are Companies Hiring Over and Over Again for Finance & Administration?

March 24, 2016
In a small business, capital often takes over, compromising the quality of in-house finance to fit budgetary restraints. We’ve all seen it … small- to ...
Blue and gray depiction of solar system with orange center
ArticlePrivate Equity Solutions

7 Things Private Equity Firms Look For in Companies

November 26, 2018
These characteristics show PE firms that a business is a compelling investment opportunity to add to their portfolio.
Robert Alvarez from Big Commerce in interview
CFO SupportIndustry - Marketplace/eCommerce

BigCommerce

July 30, 2019
Robert Alvarez is a two-time winner of the Austin Business Journal’s “CFO of the Year”. Hear how he gained efficiency and control.
Events and WebinarsFinance as a Service

Financial Transformation in 90 Days: How Neil Wainwright and Consero Revolutionized Cira Apps’ Operations

November 18, 2024
Neil Wainwright, CEO of Cira Apps, discusses how partnering with Consero helped establish an efficient and cost-effective finance function within his first 90 days in-seat.
Back Office Holding Back 3
ArticleTalent

How Do You Keep Your Financial Team Aligned With Your Company’s Needs?

August 29, 2016
It’s a paradox. One moment you have your finance team aligned with your company’s needs and then you decide to make an acquisition that will ...

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

What's Included in FaaS
What's Included in Advisory Services
Industries We Serve
Contact Us

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

Privacy Policy  |  Cookie Policy  |  Terms of Use
SOC 2 Type II Certification in blue text and AICPA logo
Sage Partner in green and white letters

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