Resources

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Article

Top tech gadgets every CFO needs in their arsenal

Tech gadgets can certainly enhance our effectiveness. If you’re a CFO, some useful devices can make a difference in your daily life. With so much ...
Various credit cards on table
Article

Are Poor Financial Controls Costing You Money? Take the Consero Performance Assessment

Poor financial controls can create significant waste, fraud, or decreased credit rating – yet it happens to thousands of businesses every year.  A sound internal ...
Sage Intacct 2018 in green and grey letters
Article

Consero awarded Sage Intacct President’s Club distinction – third year in a row

This coveted sales and customer satisfaction award is given annually by Sage Intacct to its top-performing channel partners. The award recognizes value added resellers (VARs) ...
Article

6 Things Private Equity Firms Look for in Companies

When private equity (PE) firms look for companies to invest in or buy, they have a set of criteria in mind. For starters, these companies ...
Depiction of CFO role in blue and orange
Article

What is the Evolution of the CFO?

Certain CFO responsibilities will remain the same for years to come, but others may change rapidly for this increasingly important member of the C-suite. The chief ...
Hand shake between a person and a digital representation
Article

CFOs Need to Leverage Digital Finance or Risk Becoming Obsolete

In today’s data-driven business environment, CEOs and board members are applying extra pressure on their CFOs to provide them with real-time, data-backed decision support. However, ...
Statistic on in-house accounting cost in white and orange text over blue background
Article

How Much Does Outsourced Accounting Cost?

The right outsourcing partner can save you between 20-50% of building an in-house accounting team.
Supply chain
CEO / CFO

3 ways to integrate finance with the supply chain

The supply chain is truly integral to the functioning of any business. Not surprisingly, it also consumes a large portion of a company’s operating expenses ...
Back Office Holding Back 3
CEO / CFO

3 digital tools to aid mergers and acquisitions

Mergers and acquisitions are unavoidable in the modern economy. The Institute for Mergers, Acquisitions and Alliances reported more than 50,000 such transactions occurred in 2017, ...
CEO / CFO

Best practices for driving digital finance in your back office

  Improvement is a key consideration for business leaders throughout the modern economy, and finance is no exception. While the core concepts of managing a ...
Back Office Holding Back 3

4 long-term concerns around the finance talent gap

Today’s executives and financial leaders across all sectors are always looking for what’s next. Sometimes, that planning can feel more like concern for the future. ...
CEO / CFO

3 tips for improving relations between CFO and CEO

CEOs and CFOs have more skills and responsibilities in common than ever before. They also rely on each other to operate effectively in what could ...
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Article

8 Benefits of Outsourced Accounting & Finance Services

Outsourced finance and accounting offers a unique way for growing businesses to competitively scale.
CEO / CFO

3 finance & accounting trends that continue to deliver in 2022

  Finance and accounting continues to be the business function most primed for disruption through innovative technology. As in other examples of tech-enabled trailblazing, it’s ...

Consero Global delivers a robust financial solution

Below is a recent interview with Scott Tynes, CEO of Consero Global. This interview was originally posted by TechCompanyNews.com on May 21, 2018. Q: Could you ...

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