Resources

Screenshot of QuickBooks logo and customer rating
Accounting Software

Why Companies are Outgrowing QuickBooks

Rapidly scaling businesses are finding that QuickBooks tools weren't built to grow along with and support their advanced reporting requirements. Fortunately, better alternatives are available.
CEO / CFO

Why Outsourced Finance and Accounting Services Are Cost-Effective Solutions

The traditional business structure incorporates various departments within an organization – production, advertising, marketing, sales, accounting, IT, HR, etc. Each department is led by the ...
CEO / CFO

How To Outsource Finance and Accounting Services

The concept of outsourcing is relatively straightforward – it refers to contracting out a segment of the work that a company regularly performs in hours ...
CEO / CFO

How Outsourced Finance and Accounting Services Increases Business Efficiency

If you want to meet regulatory requirements, increase profits, and reduce overhead costs, you should take advantage of finance and accounting outsourced services. With the ...
Article

The Complete Guide to Outsourced Finance and Accounting Services

Financial planning and accounting are two critical components of running a successful business. This article will guide you through the concept of outsourced finance and ...
CEO / CFO

Finance Organization Strategy and Structure in 2022

Growing the business, improving operational excellence and performance management, and executing business transformation are top priorities and responsibilities for most organizations in 2022. Yet, high ...
consero_inhouse_vs_outsource_infographic
Industry - Marketplace/eCommerce

Creating Value Out of the Finance & Accounting Function: 5 Common Mistakes PE-Backed Companies Make…And How to Fix Them

Private Equity firms need the Finance & Accounting team to deliver clear insights quickly. But too often, they are re-creating the wheel—implementing software, hiring professionals ...
CEO / CFO

2020 Finance Analytics

Thanks to today’s digital technologies, the finance sector is doing things that were previously unimaginable. Tools such as end-to-end multi-dimensional data access, for example, make ...
CEO / CFO

Every Day is CX Day at Consero

The first Tuesday of every October is Global CX Day (Global Customer Experience). This is a day when the CX community celebrates the professionals and ...
CEO / CFO

Finance Technology Optimization in 2020

For a very long while, new market entrants found it difficult to break into the financial service industry. However, this is not the case anymore. ...
Man standing in front of holographic 3D screen
Article

Key Initiatives of the Finance Function in 2020

Over the past several years, emerging technologies have had a significant impact on finance organizations. Companies feel increasing pressure to let go of their traditional ...
CEO / CFO

Operational vs. Strategic Financial Leadership

The CFO (Chief Financial Officer) role has changed significantly over the past ten years. The traditional role of the chief financial officer included reporting, preparing ...

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