BV Investment Partners is a middle-market private equity firm that invests in tech-enabled and services companies. When they bring an investment into their portfolio, the biggest pain that they see:
- Under-developed finance teams
- Lack of timely, accurate and up-to-date reporting
- CFO’s strategy sidelined for time-consuming daily financial operations
The Traditional Solution:
Building a finance team with a recruiter was a prolonged process and there was no guarantee that hires would be a success. Updating the unsophisticated finance & accounting systems was a time-consuming implementation taking 9-10 months without confidently knowing if they would get a fully optimized finance function.
The Consero Solution:
Consero Finance as a Service (FaaS) provides:
- Efficient and scalable finance & accounting software and workflows
- Experienced and on-demand finance team (to address fluctuating needs)
- Accurate, timely audit-ready financial reporting
- Consistent and reliable back-office services including, transaction processing, closing and reporting, to scale as needed
The Client’s Results:
- New Systems: Updated with best-in-breed systems and processes mapped to the business within 30-90 days. This improved the quality, efficiency, and cost structure of financial operations.
- Quick & Accurate Reporting: SIMPL’s standardized and accurate financial reporting enables a clear finance picture and sharp decision making.
- Scalable Team: Resources can scale as quickly as the portfolio can grow.
- Repeatable Results: Consero has seamlessly supported 6 BV portfolio companies