Resources

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Article

Strategic controller vs. operational controller

A day in the life of a Controller can be diverse. The basic function of the controller position is to be responsible for the accounting ...
Metrics

Beer with a CFO: Which KPIs your investors want to see

Tom Kieley, CEO and Co-Founder of SourceDay, sits down with Consero to discuss the most important KPIs private equity-backed companies with recurring revenue models need ...
Article

The future of finance 6 ways that artificial intelligence will change the finance department

The finance department has been undergoing a lot of change in the past two decades. The modern technology of the 21st century has had a ...
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Case Study

Setting up a successful rollup platform for $300M PE-backed software firm

How Consero helped large acquisition-driven business establish a rollup platform and accelerate acquisition returns. A large provider of systems and applications management software backed by ...
Article

The carve-out conundrum: Effective steps to fast track the finance & accounting function

When a private equity firm carves out a business unit from its parent company, they’re left having to build a new infrastructure for that stand-alone ...
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Article

Optimizing the finance function as part of your 100-day plan

Every private equity firm needs to have the finance function of their portco optimized through a 100-day plan. In most cases, the job is placed ...
Back Office Holding Back 3
Article

4 Things private equity should look for in an outsourced provider

Many private equity firms are looking to outsource their finance and accounting needs. We have long since reached a point where using a third-party provider ...
Robert Alvarez from Big Commerce in interview
CFO Support

BigCommerce

Robert Alvarez is a two-time winner of the Austin Business Journal’s “CFO of the Year”. Hear how he gained efficiency and control.
Article

Why private equity firms are turning to professional finance and accounting providers

It’s relatively well known today that private equity firms always turn to ROI when they are contemplating making specific buying decisions. PE firms do this ...
Article

Top 6 traits of strategic CFOs

The role of the CFO is an ever-changing one. In the last decade or so, with the emergence of new technologies and new ways of ...
Article

What should a CFO do to become personally effective?

We took a look at what Gartner has found, and we were honestly surprised: Only one in every five CFOs can be considered as personally ...
Article

How should the CFO build a data-driven company

Many companies are already operating in a data-driven manner. While plenty of them are useful in their efforts, we would contend that there is still ...
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Accounting Software

Sage Intacct gets another highest product score for financial management solutions

Sage Intacct is the market leader when it comes to cloud-based financial management solutions, which is why we at Consero have integrated them into our ...
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Article

The Most Important KPIs You Need For Better Decision Making Are Data-Driven

Tracking and monitoring key data-driven KPIs will help make more consistently sound business decisions to propel your company's growth forward.
Financial Leadership

Beer with a CFO: Consero discusses “The Granularity of Growth” with John Gimpert

In this episode of “Beer with a CFO”, Bridget Howard, our Director of Marketing, recently had the chance to discuss the book ‘The Granularity of ...

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