Findhelp, a social care technology company experiencing massive growth, needed a finance function that could keep pace. CFO Chad Denton partnered with Consero to build a cost-effective, scalable, and data-driven finance function without expanding its in-house team.
Why Findhelp Chose Consero’s Finance as a Service (FaaS)
Findhelp’s leadership chose to eliminate the complexities of internal accounting to concentrate on high-value business activities. Denton sought a scalable model that delivered standardized financials and on-demand customization.
- Leveraged Consero’s SIMPL platform to receive a standard set of financials with custom reports as needed.
- Outsourcing allows the CFO to avoid tedious accounting tasks and instead focus on strategic and operational initiatives that drive the business forward.
- Adopted a pricing structure that scales with the business, enabling additional support and reporting when required.
- Consero’s comprehensive FaaS model handles all accounting and reporting software, removing the need for Findhelp to purchase and manage these systems directly.
Eliminating In-House Accounting to Focus on Strategy
Leadership wanted to redirect time from transactional work to strategic and operational impact.
- Denton’s prior experience with Consero convinced him to outsource: “That’s when I decided that I didn’t want to do accounting in-house ever again… I’d rather spend my time focusing on strategic and operational tasks for the business.”
- On joining Findhelp, Denton moved the company to Consero’s broader FaaS services to capture additional value.
- Consero’s team and platform replaced the need to build and manage an internal accounting function.
Turning Real-Time Data into Board-Ready Insights
The finance team needed timely, decision-ready information for investors and internal stakeholders. Consero provides the real-time financial data needed to streamline investor communications and drive better internal decision-making.
- The SIMPL software provides all necessary financial data and variances in real time.
- Easy access to financial insights allows leadership to show staff how their work directly impacts key performance indicators (KPIs), empowering them to make smarter decisions.
- Denton structures board materials as a concise three-to-four-page summary to drive efficient, interactive discussions instead of a “data dump.”
Solving Staffing Challenges to Fuel Hyper-Growth
Findhelp required a finance operation that could keep pace with rapid organic growth. By outsourcing its finance and accounting, Findhelp effectively solved major staffing challenges while scaling at an incredible rate.
- The company has been growing at 50% annually for the past four or five years, with a lean internal finance staff of just two employees, augmented by the expert Consero team.
- This model removed the significant burden of hiring internal finance and accounting staff to keep up with explosive growth, which now includes adding one million new users every month.
- The partnership has been a key factor in the company’s success, with Denton noting, “We’re on a path to profitability, and Consero has been a big part of this.”
If you need to create a scalable, investor-grade finance function without building it in-house, Consero’s tailored model streamlines operations, enhances board reporting, and supports profitable growth. Request an introduction to explore how FaaS can work for you.
