Resources

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Article

How Private Equity Firms Help Their Clients By Outsourcing Finance & Accounting?

We can all agree that efficient communication is the most critical bridge between private equity firms and their clients. Since regulatory requirements are constantly changing, ...
Article

The 5 Laws of Cash Management in a Crisis

Everyone understands that cash management is a top priority when trouble hits, but the scale and intensity of the fallout from COVID-19 leaves little room ...
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Article

How Does BPO Financial Accounting Work For Private Equity Firms

Business process outsourcing (BPO) has seen a considerable increase in market demand during the last few years. According to research, the BPO industry is expected ...
Article

COVID19: Making finance remote (and resilient)

In the wake of COVID-19, businesses must remain agile and disciplined, which requires making finance teams fully operational out of the office. Consero’s President Bill ...
Article

How Private Equity Firms Maximize Portfolio Value by Outsourcing Finance & Accounting

To strengthen and continuously improve their private equity portfolio, private equity firms need to go beyond the traditional role of being a mere provider of ...
Article

How Could Outsourcing Finance & Accounting Help Your Private Equity Firm?

To achieve the level of productivity and efficiency that allows a private equity firm to maintain financial stability and ability to scale, many PE firms ...
Article

The Guide To Outsourcing Finance & Accounting For Investor-Backed Businesses

If you want to grow your business as a private equity firm, lowering operational costs and maximizing ROI across all portfolio companies should be your ...
Article

Fail-safe finance for roll-ups

Private equity firms embarking on buy and build strategies should have a plan to effectively scale the finance function, says Consero Global’s President, Bill Klein. ...
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Article

What are the services provided by an outsourced finance & accounting firm?

When the CFO and finance department spend all their time trying to keep their financial statements and records straight, there is little time left to ...
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Article

What is digital transformation and why is it important?

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 ...
Article

How is machine learning used in finance?

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 ...
Justin Kustka of BV Investment Partners
Private Equity Solutions

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

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

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