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Article

How is machine learning used in finance?

February 10, 2020
With artificial intelligence (AI), robotic process automation (RPA) and smart analytics powering the future of finance and accounting, manual bookkeeping and spreadsheet-based solutions will soon ...
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Article

What is digital transformation and why is it important?

February 10, 2020
The term “digital transformation” has been thrown around a lot, particularly in the past decade. But what is it? Is it a trend or the ...
Justin Kustka of BV Investment Partners
Private Equity Solutions

Why BV Investment Partners uses Finance as a Service for their portfolio companies

February 4, 2020
Justin Kustka of BV Investment Partners discusses why they turned to Consero for help with the finance teams at their portfolio companies.
Article

What is the future of finance and accounting?

February 3, 2020
To survive in today’s highly competitive business environment, you need to increase efficiency and agility, particularly if your business goals include driving growth, introducing new ...
Blue background with white text highlighting quote from Right Networks case study
Case Study

Controller moves her role from transactional to strategic and carves a path for professional growth

January 30, 2020
The Situation PE-backed SaaS company with $48M in revenue was experiencing rapid growth. Future acquisitions were part of their growth strategy and they knew it ...
Quote from RightNetworks CFO in white letters on blue background
Case Study

PE-Backed SaaS Company Finds Fast, Flexible, Scalable Solution to Easily Handle Acquisitions

January 30, 2020
Consero helps PE-backed SaaS company resolve post-acquisition challenges and seamlessly integrate future acquisitions.
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Case Study

PE firm leverages FaaS to quickly build finance teams, get streamlined reporting and enable CFOs to focus on strategy

January 30, 2020
The Situation BV Investment Partners is a middle-market private equity firm that invests in tech-enabled and services companies. When they bring an investment into their ...
Finance & Accounting

Beer with a CFO: What finance & accounting mistakes can lead to a lower valuation?

January 21, 2020
Have you heard about outsourcing a company’s finance and accounting with a Finance as a Service model? It is by far the best way to ...
consero_inhouse_vs_outsource_infographic
Video Testimonials

Private equity firm leverages Finance as a Service to quickly build strategic finance teams and get streamlined reporting

January 16, 2020
Investment Partners is a middle-market private equity firm that invests in tech-enabled and services companies. When they bring an investment into their portfolio…
consero_inhouse_vs_outsource_infographic
Article

The ultimate guide to modernizing your finance department

January 15, 2020
Today’s highly competitive, data-driven business environment demands that organizations let go of traditional finance activities and embrace the digital revolution. Because modernizing your finance operations ...
Article

How does finance and accounting affect the valuation of your company?

January 6, 2020
Your company’s investors will want to know where their money will go, while creditors will want to ensure you can repay your debt. This makes ...
Two hands next to laptop with blue charts.
Article

How do I find a great outsourced finance as a service provider

December 30, 2019
Outsourcing finance and accounting to a third-party service provider is advisable for any company that has gaps in their in-house finance and accounting department. An ...
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Article

How Outsourcing Finance & Accounting Helps CFOs

December 23, 2019
More CFOs look to F&A partners to quickly build scalable finance teams, upgrade systems, and for major transactional support.
Carveouts Culture counts
Article

Carveouts: Enhancing the culture of the finance & accounting group

December 19, 2019
When PE firms carve out a business unit to create a standalone entity, they shouldn’t neglect the culture surrounding the finance group, according to Mike ...
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Article

Why Do Companies Outsource Accounting & Finance? 9 Top Reasons to Consider

December 16, 2019
Outsourcing helps growing businesses realize cost-savings, gain operational efficiency, and maintain a competitive edge.
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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