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Article

The complete guide to outsourcing finance and accounting

December 11, 2019
Because an organization’s financial operations are a core function and crucial to sustaining its long-term success, it’s easy to assume that its finance and accounting ...
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Case Study

Consero seamlessly integrates new acquisitions and supports due diligence for a profitable exit

December 10, 2019
Background Read Full Case Study Merging three companies with granular data into a single entity is challenging, especially when there are multiple systems and no ...
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Case Study

Consero helped PE-backed software firm get clean, accurate, audit-ready financials, and streamlined processes

December 10, 2019
Five Elms Capital’s portfolio company Flywheel was faced with accounting practices that didn’t keep up with the company’s growth, but took a chance on Consero ...
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Case Study

Private equity firms embrace Finance as a Service to ensure a swift and smooth due diligence

November 17, 2019
The Situation Read Full Case Study Sound financials are essential to exits, and with a $400 million transaction at stake, mobile banking company Hyperwallet needed ...
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Article

How to Keep Track of Your Company’s Financial Health

November 11, 2019
Keeping track of your company’s financial health is crucial because it’s the only way to measure how your business is doing financially. Doing that can ...
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Accounting Software

The Benefits of Moving to a Consolidated Financial Platform

November 4, 2019
Many growth companies today still use in-house financial and accounting teams. It was the norm in the past, and it’s still useful today in some ...
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Investor - Initial Acquisition

How to Build a Scalable Finance & Accounting Platform for Successful Rollups

November 1, 2019
For those Private Equity (PE) firms employing a rollup strategy, it’s critically important to develop a systematic, repeatable process to onboard acquisitions quickly and get ...
Back Office Holding Back 3
Article

Graceful exits: Why Private Equity firms embrace Finance as a Service to ensure a swift and smooth due diligence

October 31, 2019
Private equity firms shouldn’t discount the role that sound financial operations and processes can play in selling a portfolio company, says Chris Hartenstein of Consero ...
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Article

Valuation How the finance & accounting function has hidden risks for investors

October 29, 2019
Investors rely on valuation, i.e., several metrics and numbers that tell them an investment is worthwhile. These numbers and metrics must paint a good picture. ...
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Article

How the CFO role is evolving with the corporate controllers becoming more crucial

October 21, 2019
Finance and accounting teams in high-growth companies cannot operate without high-level strategic guidance from a finance executive, like a CFO. In recent times, this is ...
47
Article

Why mergers and acquisition deals often fail

October 14, 2019
Mergers and acquisitions (M&A) deals tend to fail. We all know that to be the case. Research supports this knowledge as well, as the rate ...
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Article

3 ways private equity firms get post-acquisition value creation

October 11, 2019
Private equity firms experience many problems in the post-acquisition period. The portfolio company is acquired, but now what? How do you turn the company into ...
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Consero Global LLC
1717 West 6th Street, Suite 410
Austin, TX 78703
866.588.0495

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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