Getting the right financial information to make growth decisions

This blog was originally posted by Sage Intacct

Cash is still the leading factor for business growth, which means it can also present a serious risk when it is misallocated. CFOs today need to prioritize timely, accurate and highly detailed reporting on cash flow and related metrics if they expect to achieve meaningful growth.

There are many consequences to not having the right information. Here are just a few examples:

1.     It may prevent businesses from getting financing.

2.     Future assumptions may be thrown off course if information is not accurate.

3.     Over calculating profits and under calculating spending can lead to inadvertent overspending.

Unfortunately, CFOs are not finding the time, talent or resources to achieve these goals – 89 percent of finance chiefs said their companies are not taking advantage of cash inflows to increase their net present value. In other words, they aren’t able to do the work that actually adds value to the business.

To make the decisions that move the needle, strategic CFOs rely on a combination of advanced technology, talented people who can fully utilize it, and a dose of something much harder to measure: confidence.

That is where Finance as a Service comes in. Read blog here.



Consero FaaS: Disrupting the Outdated Traditional F&A Model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