Outstanding Idea: Outsourcing Trade

For today’s corporations, the ground is shifting. Issues such as globalization, business efficiency, increased specialization and product innovation are percolating upwards in priority. And corporations are now focusing more intently than ever on profitability, working capital, cash flow, technology, risk management and investments.

To manage these priorities successfully, organizations are moving away from a longstanding business model. The traditional model has been subsumed by a new organization in which employees focus on customers, information is leveraged to gain valuable business insights, and working and physical capital are optimized. Amid this upheaval, today’s CFOs and other senior financial professionals are expanding their focus beyond merely reducing costs, and taking a hard look at three primary areas:

  1. Operational Efficiency – reducing the cost of operations, automating once-manual processes, managing global/regional businesses, and improving accuracy of transactions
  2. Financial Efficiency/Effectiveness – increasing transparency, mining actionable financial information, and complying with regulations as corporations expand into different markets
  3. Cash Flow and Risk Management – minimizing market and client risks, improving cash flow from operations, and reducing Days Sales Outstanding (DSO).

To manage all of the above with maximum efficiency, financial professionals are employing a collaboration model that achieves a delicate balance of people, systems, performance, processes and policies. This is especially efficacious in the area of receivables management – specifically in three key functions: order receipt and fulfillment; invoicing; and collection and banking.

Originally posted by Citigroup Inc | SOURCINGmag.com | US Jul 21

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Consero FaaS: Disrupting the Outdated Traditional F&A Model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