Tactical Solutions Can’t Fix Strategic Problems

Updated: May 28, 2025
YouTube player

Bill Klein, President of Consero Global explains that many companies realize they have a broken financial process and usually try to fix it by doing one of two things. They hire new people or a financial accounting consultant. Or they purchase new financial software. Unfortunately, neither of these choices addresses the crucial third piece in the puzzle: the process. Most new hires or financial experts don’t have the breadth of experience necessary nor are they usually working with financial software that is powerful enough to support your financial needs.

The key to fixing the broken financial process is combining the people, software and the process. We provide experienced people with enterprise-class financial software and implement a financial process that will work for each customer. Our team goes into an engagement with clear understanding of financial best practices backed by dozens of implementations under their belt.

The Consero Financial Solution is a completely managed financial solution that delivers companies with a greater level of financial insight and control. Once a company chooses Consero, we provide a quick implementation of our financial solution with minimal disruption to your business. Once operational, companies are now able access all their financial information on demand, with up-to the-minute reporting on financial standing via a phone, iPad or desktop.

Consero clients receive superior financial information to support executive decision making, reliable back office processes and greater operational scalability while reducing the time executives spend managing their finance function. With our talented people, robust software and proven process — you will be glad that you switched to Consero.

Related Resources

Back Office Holding Back 3
ArticlePrivate Equity Solutions

How private equity investors can get the most from their CFO

GPs may be eager to leverage the talents of portfolio company CFOs, but managing the tactical responsibilities of the finance department can interfere with the ...
Funding EventsFunding Events

How to Get Venture Capital Funding at Every Stage [8 Proven Steps]

Take these steps now to simplify future fundraising.
consero_inhouse_vs_outsource_infographic
Case StudyService - Strategic CFO Support

PE firm leverages FaaS to quickly build finance teams, get streamlined reporting and enable CFOs to focus on strategy

The Situation 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 ...
consero_inhouse_vs_outsource_infographic
Service - Transactional Bookkeeping

Why do private equity portcos struggle with their finance & accounting function?

Everything changes. We’ve changed the way we taxi. We’ve changed the way we get our groceries. We’ve even changed the way we watch TV. So, ...
Pxl in white letters on blue background
Case StudyFinance as a Service

How PixelMEDIA Integrated Two Acquisitions in One Year with Consero

Consero helped PixelMEDIA's new CFO complete an ERP transition in 90 days, plus two acquisition integrations and three cash-to-accrual transitions within one year.
ArticlePrivate Equity Solutions

Why private equity firms get meaningful partnerships by outsourcing

Choosing to outsource accounting and the administration role is a huge decision for every private equity fund manager. With that in mind, we are here ...

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