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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.

 

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Consero FaaS: Disrupting the Outdated Traditional F&A Model

Transformation
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  • Clean-up work
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Build it Yourself Solution

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Consero FaaS Solution

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Build it Yourself Solution

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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:
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