Resources

CEO / CFO

Building out an F&A team: Putting tech and talent to work

This guest blog by Consero was originally published by Accounting Today on April 12, 2018. In recent years, the key role of the CFO in ...
Back Office Holding Back 3
CEO / CFO

3 keys to IPO success

After a sluggish stretch, initial public offerings surged worldwide in 2017. According to data from Ernst and Young, last year brought the most IPOs and ...
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Video

Finance as a Service (FaaS): Going beyond outsourced accounting

Consero's solution combines traditional CFO, controller and bookkeeping services with proven processes and integrated software.
Corporate

3 tips to make a corporate turnaround possible

We hear a lot about corporate turnaround stories, either as historic examples or hypothetical musings. Most executives have probably wished for a significant transformation at ...
Back Office Holding Back 3

5 reasons why strategic CFOs outsource accounting

Accounting remains a challenge to businesses both large and small. It’s not just because the need for accurate and timely accounting data is constant – ...
A provision of the Dodd-Frank Act protects internal whistleblowers.
Article

Reducing compliance risk with better finance systems

Recent court cases, including a particularly consequential Supreme Court decision, have changed the calculus around compliance and fraud reporting. These new developments only bolster the ...
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Funding Events

Top challenges faced after your company receives funding

If you’ve recently received funding, then you’re familiar with how challenging it is to provide timely, insightful financial information to your investors. Challenges This could ...
Article

The expanding role of the CFO

The Austin Chapter of the CFO Leadership Council met recently for a panel addressing industry-wide changes to the role of Chief Financial Officers. Thought leaders from BigCommerce, ...
A provision of the Dodd-Frank Act protects internal whistleblowers.
Article

Five tips to ensure your portfolio companies are audit ready

If you are the owner of any sort of for-profit organization, preparing for an audit can be quite stressful. An audit is designed to objectively ...
A provision of the Dodd-Frank Act protects internal whistleblowers.

How much is accounts payable costing you?

  Do you have a hunch that the cost of processing invoices is bleeding your bottom line by a thousand cuts? Or do you simply ...
CEO / CFO

Have you outgrown your accounting solution?

“If it ain’t broke, don’t fix it.” This adage serves as a common refrain in criticism of business management practices. Of course, time and again, ...
CEO / CFO

How CFOs enable growth through technology

In almost every industry, the role of the finance department has changed dramatically over just the last few years. Now there is greater pressure on ...
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Outsourcing

Top questions when thinking about outsourcing your finance & accounting

Key questions and answers to better understand the value of Consero's Finance as a Service model.
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Finance as a Service

3 main concerns when evaluating Finance as a Service

At Consero Global, your peace of mind is important to us. So, let’s discuss some potential concerns you might have when evaluating the Finance as ...
A provision of the Dodd-Frank Act protects internal whistleblowers.
Article

How to use finance as a marketing tool to increase value with investors

Too often, the work of finance and accounting teams within growing businesses seems perfunctory and inconsequential. That remains true even in the high-stakes world 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