Sparksight

When finance & accounting is not your core competency: outsource. Kelly Shores, CEO of Sparksight, leverages Consero’s Finance as a Service model to offload critical …
Updated: October 26, 2021
When finance & accounting is not your core competency: outsource. Kelly Shores, CEO of Sparksight, leverages Consero’s Finance as a Service model to offload critical tasks that are outside of his expertise. Consero frees his time so he can focus on his business.

Related Resources

Consero webinar title card, top considerations when rolling out an ERP
Accounting SoftwareAccounting Software

6 ERP Implementation Best Practices + Considerations [2025 Webinar]

A complete guide on how to select an ERP implementation partner, avoid common pitfalls, and plan a successful roll-out step-by-step.
Title card for Consero and Springbrook webinar
Events and WebinarsFinance as a Service

How Springbrook Software Rapidly Built a Scalable Finance Function During Private Equity Carve-out

Jared Hale, CFO of Springbrook Software (acquired by Accel-KKR), shares his experience with an unsteady finance function, the challenging impact of a Carve-Out scenario on ...
CEO / CFO

The finance solution set is broken. How do we fix it?

  The modern CFO faces some of the same challenges that have puzzled business leaders for a long time. According to a survey of CFOs ...

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 ...
Article

Recession Survival Guide: Remember L.I.K.E. as You Plan for an Economic Slowdown

Depending on which economic forecaster you’re listening to, a recession or economic slowdown in the U.S. is probably likely sometime this year. Therefore, now is ...
Laptop page showing charts and graphs
Accounting SoftwareAccounting Software

Are There Disadvantages of Using QuickBooks Online?

Some of the major disadvantages of QuickBooks Online include maintenance costs, the cost of additional features, and lack of control over your data.

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