Resources

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 ...
Abstract green and blue geometrical symbols
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 ...
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 ...

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 ...
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 ...
consero_inhouse_vs_outsource_infographic
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 ...

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