Resources

Bill Klein, former Consero President
Financial Leadership

How CFOs can run a better meeting

In corporate life, it seems like meetings are treated with equal amounts of praise and contempt. The most productive meetings are energizing and engaging, a ...
CEO / CFO

Tech disruption requires vigilance from CFOs

Among the many daily dilemmas facing the average CFO is the crucial task of risk management. Finance leaders must always weave together efficient solutions to ...

Inside the mind of a startup investor

The prevailing conception of a venture capital investor, as they are generally portrayed in media, is that of a sharp-dressed executive with a penchant for ...
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Whitepaper

Outsourced F&A Lets CFOs Stay Focused On Growth

What keeps CFOs up at night? According to a recent survey from The CFO Alliance, most heads of financial operations at businesses all over the ...
CEO / CFO

Why building an effective F&A department is so difficult

When it comes to organizing and leading any business, it can be easy to point to its strengths in times of growth, but often difficult ...
consero_inhouse_vs_outsource_infographic

In-house vs. Outsource Infographic

CEO / CFO

Changing tax policy only adds to CFO headaches

One needn’t be a business executive or a financial analyst to know that the current outlook on U.S. tax policy is murky at best. While ...
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Video

Lack of scalability will hinder your business growth

You have survived and thrived as a startup. You have customers and a healthy balance sheet. Does your business have the potential to multiply revenue ...
Finance
CEO / CFO

How CFOs utilize the best budgeting methods

  So much of corporate financial planning is about making room for liabilities while still freeing up funds to advance the business forward. Unfortunately, operating ...
Article

F&A partners can add strategic value without draining time

Research shows finding the right finance and accounting partner can unlock significant value for SMBs. However, the shared services space has become crowded.
CEO / CFO

Is finance robbing you of time and productivity?

The word “eureka” has long been used as an exclamation of shock or surprise after finally solving a vexing problem. Legend has it that Greek ...
CEO / CFO

The transformative potential of outsourced finance & accounting

In the business world, “outsourcing” has long been considered something disputable. But the rapid pace at which our web-enabled world has evolved is challenging that ...
CEO / CFO

CFOs can’t do it alone – finance solutions for a new era

The title of chief financial officer is certainly a coveted one, but it is arguably the most challenging of any of the C-suite positions. This ...
Back Office Holding Back 3
CEO / CFO

Important considerations when using non-GAAP measures

  Throughout much of 2016, the focus of the financial world was mostly tuned to political developments around the globe. However, some analysts in the U.S. ...

Accounting Industry Insights by Consero Global

This blog was originally posted on Intacct.com We recently sat down with Bill Klein, President at Consero Global, and spoke about what it’s like being ...

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