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How do private equity firms add value to their porfolio’s finance & accounting function?

Updated: October 26, 2021
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Why start from scratch each time you need to establish a finance and accounting function? Plug into a pre-built finance factory. Consero’s Finance as a Service is the alternative to building a traditional in-house finance & accounting function. What used to take 9-18 months, now takes 30-90 days. Get more efficiency, increased financial visibility, operational scalability – all at a lower cost and less time than building in-house. Our skilled accounting team, pre-integrated software stack and best-practice based processes will have you outpacing your competition. Connect with us for a complimentary demo today. www.conseroglobal.com

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An Interview with Bill Klein – Using technology to deliver amazing customer experiences – Season 1: Episode 1

September 14, 2021
In this episode, Bill Klein, the Co-founder and President of Consero, discusses the way they are changing the way business build and maintain the finance function with ...
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SMBs Get Connected with Enterprise-Level Accounting Solutions

October 6, 2016
Consero is a Latin word that means “To Join” or “Connect”. In this video, Bill Klein, President of Consero Global, outlines why he and Scott ...
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Solving for the CFO: Staying Ahead of Growing Challenges and Demands with Consero’s Advisory Services

May 16, 2024
As the role of the CFO has evolved in recent years and become both strategic and more complex, the difficulty of sourcing CFO talent has ...
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Consero helps Managed Services Organization deliver “investment grade” financials

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Cocktails and Consero: Client Discussion with CFO of Pelitas

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CFO of PE-backed Pelitas shares his story of how he was able to stay focused on strategy and the 100-day plan vs. managing the finance ...

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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.

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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