How You can Benefit from Fractional CFO Services

How You Could Benefit from Fractional CFO Services

Growing middle-market businesses today face a number of financial challenges, from improving cash flow and profit margins to managing inflation and high interest rates.

Many are turning to fractional CFOs to help them meet these challenges.

A fractional CFO is an experienced finance professional who provides strategic financial guidance on an outsourced basis. This can be beneficial for businesses that aren’t big enough to employ a full-time CFO but need a higher level of financial expertise than a controller can provide.

A Cost-Effective Alternative to Hiring a Full-Time CFO

By obtaining fractional CFO support, middle-market companies can receive high-level CFO expertise at a lower cost than hiring a full-time CFO. This is especially critical for middle-market companies that may be too small to afford a full-time CFO but need a higher level of strategic guidance.

Strategic financial planning is critical for middle-market businesses that want to reach the next level of growth. But these companies often find themselves in a Catch-22: To grow, they need a higher level of financial expertise than they have on staff, but they can’t afford the six-figure salary, generous benefits package and other overhead it takes to hire a full-time CFO

To learn more about Consero and the benefits of using CFO Services, you can request an introduction here: https://conseroglobal.com/request-a-consultation/

Consero FaaS: Disrupting the Outdated Traditional F&A Model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