KIMBIA

KIMBIA provides an online fundraising and crowdfunding platform, plus digital services that are built with one goal in mind: to help customers grow their …
Updated: October 26, 2021

KIMBIA provides an online fundraising and crowdfunding platform, plus digital services that are built with one goal in mind: to help customers grow their revenue. Technology should not hinder the donor or participant experience. It should speed and enhance it.

Before working with Consero, Phil Murray, VP of Finance & Administration, was challenged with high volume transactions and a limited team with processes and controls that needed improvement. It became time consuming to moderate processes and work at the transaction level. He was not sure if Consero could take their half-baked processes and run with them. During implementation, they discovered that it took Consero 6-8 weeks to accomplish what would have taken 6-8 months to do on their own.

Consero brought better systems, processes and software that KIMBIA didn’t have the budget or expertise to implement on their own. The result was progress and a streamlined accounting function. Now, Phil has a level of comfort to step out of the accounting function and operate in a more strategic role.

Related Resources

CEO / CFO

Building out an F&A team: Putting tech and talent to work

This guest blog by Consero was originally published by Accounting Today on April 12, 2018. In recent years, the key role of the CFO in ...
Back Office Holding Back 3
CEO / CFO

Is finance adding value or just consuming time?

There’s no debating that every business needs to set aside some time (read: money) for basic finance operations. Whether it’s filing taxes, generating legally mandated ...
Abstract finance and accounting visualization with a cloud and graphs
ArticleTalent

How to know you are working with a smart accountant

Being an accountant in the smart modern era of new technologies and automation is not an easy job. Accountants can quickly lose a job or ...
Audits & Due DiligenceEvents and Webinars

3 Tips To Be Audit And Due Diligence Ready, And Why It Matters with Mike Dansby

Lack of audit readiness can result in costly errors, delays in deals, or a reduction in company valuation during due diligence. Here's how to avoid ...
ArticleMetrics

Why Customer Retention Is So Important For A Recurring Revenue Business

Customer retention is defined as the act of keeping existing customers that your company has already spent money to acquire. Attracting and acquiring new customers ...
Back Office Holding Back 3
CEO / CFO

Important considerations when using non-GAAP measures

  Throughout much of 2016, the focus of the financial world was mostly tuned to political developments around the globe. However, some analysts in the U.S. ...

Finance as a Service

Cutting edge technology, processes, and people in a fully-managed solution to deliver precise financial visibility and improved operational scalability, plus a lower and more predictable cost structure. 

Flex Finance

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.

Advisory Services

Expert advice and strategies to help you grow.

• CFO Advisory Services
• FP&A and Reporting
• Technical Accounting & Clean-Up

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