Insurity, a leading provider of cloud-based insurance software and analytics, needed support merging three companies into a single entity. As a private equity-backed business preparing for sale, the company required a solution needed better data organization and realigned priorities so they could spend less time on data creation and more time on analysis.
Here’s how Consero’s Finance as a Service (FaaS) model enabled Insurity to rapidly realign KPIs, rationalize systems, and deliver audit-ready financials that maximized purchase price at exit.
Consero Impact
Rollups successfully integrated
Completed sale to GI Partners
Cost reduction over previous in-house solution, maximizing enterprise value upon exit
Due diligence and audit readiness
Insurity Background
Pre-Consero Challenges
Before Consero, Insurity suffered from:
Fragmented Systems
- NetSuite instance not optimized
- Order-to-Cash bottlenecks and manual revenue recognition
- Separate ledgers for each acquisition required time-consuming consolidation
Talent & Process Gaps
- High turnover on the accounting team
- No FP&A cadence or clearly defined recurring-revenue metrics
Software Challenges
- Lack of analytical views for Corporate (CRO, G&A) and product levels and owners
Preparing for a sale, Insurity needed a holistic solution to produce reliable, segmentation-level reporting and unify disparate systems.
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Schedule ConsultationSolution: Consero’s FaaS Implementation
Consero’s Finance as a Service (FaaS) solution provided the experienced finance professionals, customized operational processes, and robust software Insurity needed to support the daily financial operations and strategic decision making.
Dedicated Finance Pod
- VP Finance oversight and Controller leadership
- Weekly steering meetings with portfolio officer and PE team
System Transformation
- NetSuite re-architected for multi-entity, product, and corporate views
- Integrated Bill.com, BlackLine, and proprietary SIMPL dashboards
Acquisition Roll-Up Playbook
- Repeatable template loaded each new entity in under 90 days
- Standardized chart of accounts and month-end close checklist
Data & KPI Realignment
- Defined hard-line ARR, gross margin, and product P&L metrics
- Live dashboards gave CRO, product owners, and G&A leaders the same source of truth
Results: Rapid Audit and Exit Readiness
Rollups Made Easy: Consero developed a systematic, repeatable process to onboard acquisitions quickly and get a clear understanding of the true financial and operational status of the business.
Realigned KPIs: Consero defined KPIs and delivered accurate hardline data with targeted analysis so critical decisions could be made.
Successful Exit: From initial discovery to final exit of the portfolio company, Consero provided readily available financial information for corporate, product owners, and interested buyers. Consero seamlessly supported the sale process of Insurity to GI Partners.
Increased Enterprise Value: The 37% cost reduction over its previous in-house solution maximized returns upon the exit.
“Consero seamlessly supported the sale of our portfolio company. Because the numbers were always at our fingertips, buyer diligence moved quickly—ultimately protecting value and smoothing the entire process,” said Kevin Masse, Chief Portfolio Officer of TA Associates.
Building in-house vs. FaaS
- Hiring at least 2–3 full-time employees (potential controller, staff accountant, etc.).
- Typical ERP implementation timeline of 9-12 months per entity + fees for a third-party to handle the integration.
- Business Continuity: ❌
- CFO Focused on Strategic Activities: Less
- Due Diligence / Audit Ready: Less
- Scalable Platform for Growth: ❌
- Reporting Requirements Met: Less
- EBITDA Improvements & Value Creation: ❌
- Forward-Looking Metrics and KPIs: Less
- Speed to Optimization: 12-18 months
- Full team handling day-to-day operations, including VP of Finance, Controller, and Staff Accountants.
- Modern finance tech stack (Intacct, Bill.com, Nexonia, BlackLine) implementation and handling cash-to-accrual transitions in 2–3 months.
- One fee for both the technology and people.
- Business Continuity: ✅
- CFO Focused on Strategic Activities: ✅
- Due Diligence / Audit Ready: ✅
- Scalable Platform for Growth: ✅
- Reporting Requirements Met: ✅
- EBITDA Improvements & Value Creation: ✅
- Forward-Looking Metrics and KPIs: ✅
- Speed to Optimization: 90 days
Cost
A Partner for Every Stage of Growth
For nearly two decades, Consero has guided hundreds of private equity-backed companies through consolidating roll-ups, taming fragmented ERPs, eliminating Order-to-Cash bottlenecks, and producing audit-ready metrics under tight exit timelines.
Our Finance as a Service model, powered by our AI-enabled SIMPL platform pairs elite finance talent with proven playbooks and a best-of-breed tech stack, giving you a single source of truth in as little as 90 days. The result? Crystal-clear financial visibility, scalable operations that flex with add-on acquisitions, and a lower, predictable cost structure – all backed by Consero’s expertise in turning complex finance challenges into premium valuations.
Request a consultation for a tailored plan to optimize your finance function.
