Resources

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Financial Leadership

Beer with a CFO – The top 3 things you need to do to defend a technology investment to your board

  On the recent episode of Beer with a CFO, our own Bridget Howard talked to Lynn Atchinson, former CFO of HomeAway and Spredfast, two ...
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Video

How do private equity firms add value to their porfolio’s finance & accounting function?

Why start from scratch each time you need to establish a finance and accounting function? Plug into a pre-built finance factory. Consero’s Finance as a ...
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Article

The best type of CFO for a private equity-backed company

When private equity firms invest in a company, it is inevitable that changes will be made. There are several key factors that they look for ...
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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 ...
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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 ...

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