Inspiration from the Texas Conference for Women

Recently, Consero’s female colleagues were given the opportunity to attend the Texas Conference for Women. So, we asked them what they experienced at the conference.

Deana Davis, Sr. Implementation Manager, said she really enjoyed Issa Rae’s keynote address where Rae stated, ‘’I realized I didn’t have the luxury of being tired,’’ in reference to the current state of affairs for Black women. “2020 has indeed been an awful year, with the deaths of icons such as Kobe Bryant, the pandemic, recession, and then all of the underlying racial tensions that are boiling to the surface,” said Deana. “It’s been exhausting for so many reasons, but her quote made me realize that I can’t give up, I need to be the change I want to see, and there is so much more that I need to and absolutely will start doing to have the conversations to make a change for my daughters and their friends in the future.” 

Erica Sanchez, Executive Recruiter, found the conference to be inspiring, thoughtful and empowering. “As a BIPOC woman [Black, Indigenous and People of Color, ed.] woman in HR and specifically, recruiting, diversity, and inclusion is something I take pride in. How do we contribute to creating opportunities for an underrepresented community but not only create opportunities, but also ensure we have a platform for all to succeed?” Sanchez loved hearing Melinda Gates say at the conference that, “We can’t be what we can’t see.”

Kristen Bridgeman and Bridget Howard are Senior Director of Product and Senior Director of Marketing respectively. They both enjoyed listening to Reshma Saujani. “Listening to Reshma’s discussion on being perfect was so inspirational. Too often, women are afraid to raise their hand or speak up because they haven’t formulated the perfect question or they are worried about what other people might think,” said Kristen. “She showed us that it’s more important to be brave than to be perfect. It’s okay to fail because failure leads to increased knowledge and understanding.” 

Bridget had a similar take: “Reshma’s discussion on perfectionism helped me see that re-wiring your mind for bravery is important. When we build courage in our minds, we can challenge those things that we fear.”

 

Consero FaaS: Disrupting the Outdated Traditional F&A Model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