An Interview with Bill Klein – Using technology to deliver amazing customer experiences – Season 1: Episode 1

Updated: September 14, 2021

In this episode, Bill Klein, the Co-founder and President of Consero, discusses the way they are changing the way business build and maintain the finance function with their innovative Finance-as-a-Service (FaaS) solution.

We talk about their technology strategy and their technology platform, appropriately named “SIMPL”, which is a brilliant unification platform that simplifies their customer’s lives. They are bringing meaningful tech to middle-market, high-growth businesses and investment management executives.

Instead of reinventing the wheel, Consero pursued a strategy of using a best-to-class solution stack that is already available but building their differentiator which is a unified delivery platform. This platform gives their clients access to a fully integrated finance & accounting software platform with role-based, self-service tools – allowing for more insight and control in the business. Think of it as ‘Mint’ for business.

Listen to podcast on Spotify

Related Resources

47
ArticleCFO Support

How the CFO role is evolving with the corporate controllers becoming more crucial

Finance and accounting teams in high-growth companies cannot operate without high-level strategic guidance from a finance executive, like a CFO. In recent times, this is ...
Blue background title card for BigCommerce case study
Case StudyFinance as a Service

Fueling a $75M Raise: Why BigCommerce Chose Consero for Financial Scalability

“As a fast-growth company with investors, one of our biggest issues is: how to move as quickly as possible from where we are, to where ...
Abstract finance and accounting visualization with a cloud and graphs
ArticleTalent

How to know you are working with a smart accountant

Being an accountant in the smart modern era of new technologies and automation is not an easy job. Accountants can quickly lose a job or ...
CEO / CFOEvents and Webinars

Investor Roundtable: Raising Capital Amidst COVID-19 – Investors Perspective

(filmed June 4, 2020) Consero’s Private Equity Roundtables enable Investors & Portfolio CEO’s/CFO’s the opportunity to gain valuable understanding and share actionable information for the middle-market tech ...
Futuristic visual showing code snippets and symbols
Accounting SoftwareAccounting Software

13 Best Accounts Payable Software Solutions to Automate AP [2025]

The top AP solutions automate your processes, streamline workflows, and connect seamlessly with your other systems.
OutsourcingOutsourcing

The ROI of Outsourced Finance & Accounting

The Finance as a Service solution offers growing organizations greater flexibility, efficiency, scalability, and cost savings than traditional F&A department building.

Finance as a Service

Cutting edge technology, processes, and people in a fully-managed solution to deliver precise financial visibility and improved operational scalability, plus a lower and more predictable cost structure. 

Flex Finance

Keep your existing technology and processes. We can manage the back-office F&A function from end-to-end process, including closing the books. When you need skilled talent, we can supplement your F&A team.

Advisory Services

Expert advice and strategies to help you grow.

• CFO Advisory Services
• FP&A and Reporting
• Technical Accounting & Clean-Up

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