Do You Need to Audit Your Time To See How Much You Are Wasting?

Back Office Holding Back 3

This blog post was originally posted on Austin Technology Council’s weekend update on December 10, 2016.

While there are many factors that determine a company’s success that are outside of their control (the economy, competitors), there are many factors that they can control. One of the most important factors is how a company’s management team decide to spend their time. The more time they are able to spend on strategic evaluation and decisions, the more likely the company will be successful.

Now think about your time.

Are you spending your time being strategic or are you consumed by tactical decisions?


Think about what percentage of your time over the past week was dealing with seemingly routine financial and accounting decisions? 10%? 20%? 30%? Or more? If you are spending a good chunk of time on the tactical decisions, you may not be maximizing that finite amount of time you have every week.

Many companies are frustrated that that their top executives are wasting too much of their time dealing with financial and accounting decisions. These decisions include performing or managing transactional activities, trying to establish or fix basic operational processes, manually compiling profitability views, generating reports, calculating available cash and manually projecting revenue and profitability. These activities are time consuming and debilitating for a growth company. There is better way.

Over the past 10 years, our experienced financial team has developed our financial solution and a process that can correctly and efficiently make these financial and accounting decisions for our customers. While every company is unique, we have found that most of the underlying financial transactions are remarkably similar from company to company. This allows us automate your financial transactions as much as possible rather than creating them from scratch. The result is that your management team can focus on the strategic operation of your company and leave the tactical financial activities to Consero.

You shouldn’t have to reinvent the wheel over and over. You shouldn’t spend too much of your time “stuck in the weeds.” We believe that you should conserve your capital; whether it be money, time, energy or intellectual.

Connect with us (866.588.0495) to set up time when we can discuss how we can save you some precious time.

Consero FaaS: Disrupting the Outdated Traditional F&A Model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