How Outsourcing Finance & Accounting Helps CFOs

With the success of the organization’s finance department resting on the Chief Financial Officer’s ability to manage the business finance operations properly, the typical CFO at a growing business must fight and win three battles:

1. Protecting the bandwidth they need to drive strategy
2. Attracting and keeping qualified finance talent
3. Finding budget to evaluate and deploy best‑in‑class accounting technology

To eliminate these hurdles, nearly 4 in 5 investor-backed CFOs rely on finance and accounting partners to outsource specialized tasks and optimize costs, with impressive results.

For growing businesses that want to provide their CFO with the tools needed to succeed, we’ll cover the major advantages of outsourcing F&A and how the right outsourced finance services provider will help the CFO maximize impact.

Focus on High-Value Strategy, not Transactions

In a perfect world, the investor-backed CFO’s focus should include stewarding the company’s financial health and capitalization, analyzing its strengths and weaknesses, and leading the company to market. 

In reality, CFOs in middle-market businesses are usually pulled into too many high-volume and time-consuming transactional processes like reporting.

Outsourcing lifts routine bookkeeping, payables, and close tasks off the CFO’s plate. With a reliable Finance as a Service (FaaS) provider, a team of finance experts support the CFO and work to ensure the company’s financial reports are accurate and completed on time.

Replace Spreadsheets with Real‑Time Reporting

Manual consolidation breeds errors and delays. Consero provides access to a cloud-based platform, SIMPL, that unifies all the software and people needed to run your back office behind a single, intuitive portal. 

Acting as an engagement layer, it funnels data from a pre‑integrated stack of best‑practice applications into real‑time dashboards, while ControlDock® workflows automate approvals, segregation of duties, and audit trails. 

The result is a single source of truth that delivers instant visibility, stronger controls, and Fortune‑500‑level scalability without the cost or complexity of stitching systems together yourself.

You shift from processing entries to analyzing performance, modeling scenarios, and presenting insight to the board.

Slash Fixed Costs and Hiring Headaches

Maintaining a full-time accounting staff is expensive and time-consuming:

• HR and recruitment teams need to attract candidates, screen resumes and interview shortlisted applicants
• If and when the position fills, the new hire needs onboarding and training
• The productivity loss turns into financial loss, as new employees take time to ramp to full productivity
• In-house finance and accounting staff also means budgeting for payroll and employee benefits

Rather than contending with the rising cost of full-time accounting talent, FaaS partners offer a unique, cost-effective, and dynamic alternative to building the back-office.

Scale with an Elastic Finance Team

Working with a partner like Consero means you receive a fully staffed finance function (controllers, accountants, FP&A analysts) from day one for a predictable monthly fee. 

No need to worry about recruitment, onboarding, and retention risks.

Flex with Seasonal Workloads

Transaction volume rises during quarter‑end, audit prep, or fundraising. An elastic FaaS team can scale up when activity peaks and back when it quiets down, avoiding over‑ or understaffing.

Modernize Back-Office Systems and Processes

As a cloud-based service, a FaaS partnership also means you can upgrade clunky, outdated accounting and bookkeeping software and systems. 

Providers like Consero bring deep expertise to take a company with weak processes and controls and improve them with robust technology solutions and systems, streamlined processes, and proper controls virtually overnight.

Best of all, the CFO can achieve all this and benefit from advanced software and streamlined processes without purchasing the technologies or maintaining them in-house.

How it works:

When you onboard with Consero:

• We align goals, securely gather your data, and activate best‑practice ledgers and workflows on our pre‑built platform
• We migrate history, run a parallel close for accuracy, then go live running daily AP, AR, and cash management through one portal. 

From there you get timely controller closes, rolling forecasts, KPI dashboards, and a finance manager who translates insights. 

Result: A fully staffed, tech‑enabled, audit‑ready finance function delivering clear intelligence every month—without hiring, building, or waiting 9‑18 months for an ERP implementation.

Streamline M&A and Entity Integration

CFOs own the financial narrative of every deal, from target evaluation through post‑close performance. Once the ink dries, they need to merge ERPs, align charts of accounts, establish common controls, and present consolidated results to investors—all while daily operations continue. 

Limited internal bandwidth can slow integration, erase early‑stage synergies, and tarnish credibility with stakeholders.

Outsourced finance and accounting augments the office of the CFO with an integration playbook, surge capacity, and cloud technology. 

• Map data from legacy systems, migrate historical balances, and rebuild workflows around a single platform, often inside 60–90 days. 
• Create entity‑level reporting that rolls up seamlessly and automate recurring eliminations

This specialized support enabled PixelMEDIA’s CFO to complete two acquisitions in twelve months. Consero shifted the combined group from QuickBooks to Sage Intacct in 90 days, converted three entities from cash to accrual accounting, and delivered lender‑ready consolidated statements on schedule.

Stay Exit Ready for Inbound Offers

CFOs at investor‑backed companies juggle routine closes while preparing for the next liquidity event. Buyers demand audit‑ready books and a clear story that links operational KPIs to valuation before they issue a term sheet. 

Companies that scramble to assemble this after an offer risk delays, purchase‑price reductions, or a lost deal. 

A FaaS team specializes exit readiness support so the CFO can step into diligence without skipping a beat:

• Audit‑ready and GAAP-compliant financials prepared monthly
• Quality‑of‑earnings and valuation support from specialists who have navigated hundreds of exits
• Operational coverage so internal staff maintain payroll, AP, and revenue operations while the CFO focuses on negotiations.

This is how Consero helped the new CFO of FlyWheel stand up a full, exit-ready finance stack in 21 days. When an unsolicited offer arrived, the FaaS team turned diligence requests in 24 hours and freed the CFO to lead negotiations and complete a successful sale.

Controller Services to Help Take Up the Slack

Controllers within the FaaS model can offer analysis and strategic guidance and cash flow management that provide insight and lead your company towards financial stability and scalability. 

As the CFO, you can delegate tactical work to your outsourced financial controller to ensure you’re not taken away from your high-value activities and financial strategies, including:

• Monthly close and reporting
• Compliance management
• Vendor communication 
• Transactional processing
• Policy and procedure adherence
• Internal audit support

Need board‑level reporting, cash‑flow forecasting, or scenario modeling? Consero’s controllers and analysts deliver the insight when you need it, so you always have the right level of support.

Drive Growth with Consero

Outsourcing finance and accounting frees you to raise capital, fund innovation, and scale operations. Consero combines talent, technology, and process so you can focus on what matters most—building a stronger, more valuable business.

1. Skip the build‑out: Consero has already hired the people, built the systems, and documented the processes.
   
2. Fast‑track to optimization: Configuration + first close happen in weeks, not quarters.
   
3. Layered service model: Transaction processing → Controller close → FP&A → Operational finance are delivered month‑after‑month, with CFO expertise available when you need extra horsepower.

By the end of the first 90 days you have a fully staffed, tech‑enabled finance function that produces reliable historicals and forward‑looking insight so you can focus on running the business instead of building an accounting department.

Schedule a meeting with our team for a tailored support plan.