Lack of scalability will hinder your business growth

Mergers Acquisitions pic

You have survived and thrived as a startup. You have customers and a healthy balance sheet. Does your business have the potential to multiply revenue with minimal incremental cost?

Lack of scalability can hinder your business growth. The challenge of a scaling company is the number of increasing transactions which need more complex financial oversight. Not having the right foundation in place to facilitate an effective workflow is like turning on a fire hydrant without connecting the hose — no one knows what’s going on and it’s flooding.

Some of the ways finance departments limit the scalability of companies is: process inefficiency, lack of clear information and inadequate controls.

4 tips to make sure you have scalability in your operations:

• Make sure you have the right skillsets on their team for different situations that arise
• Implement efficient processes that bring best practices from their industry
• Capture information in a way that you can report on the back end
• Have systems that are integrated and don’t require manual data manipulation and maintenance of data across different systems.

In this video Bill Klein, President of Consero, discusses how to avoid the most dangerous pitfalls and problems that arise when you are trying to get your company on a more scalable operational platform.

Consero FaaS: Disrupting the Outdated Traditional F&A Model

  • 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