TESTCo, an Austin-based on-demand software testing company, faced a common challenge for growing businesses: senior management was spending nearly two days each week managing accounting functions instead of building the business.
CEO Jeff Hotz needed a solution that would transition the company from cash to accrual accounting, streamline payment processes, and deliver timely financial reports without overwhelming internal resources. Consero provided a comprehensive Finance as a Service solution that fully transitioned TESTCo’s invoicing and reconciliation processes within 30 days, allowing leadership to refocus on strategic growth.
“We would spend almost two days of every week just managing the accounting function… It was distracting us from our primary objective — building the business.”
Company Profile
- Industry: Software Testing Services
- Location: Austin, Texas
- Consero Solution: Finance as a Service
Partnership Highlights
- Reduced leadership time on finance from 2 days to ~2–3 hours per week, spent on ROI/analysis instead of AP/AR administration
- Complex invoicing and reconciliation processes were fully transitioned to Consero within 30 days
- Improved gross and net margins and cash flow as focus shifted to strategy and decision-making
- Digital processes and tight scheduling eliminated manual invoicing chores
- Successful transition from cash to accrual accounting
Skip complexity and gain clarity with Consero’s cutting-edge solutions.
⚡ Rapid implementation • Real-time dashboards • Scalable technology
The Consero Solution
Consero delivered a completely outsourced finance solution tailored to TESTCo’s specific needs, providing a scalable finance application and a dedicated staff to manage end-to-end financial operations:
- Rapid Onboarding: Consero professionals learned TESTCo’s complex invoicing and reconciliation processes and had them fully operational within one month
- Timely Financial Reporting: Weekly financial housekeeping completed by Monday noon, giving leadership clear visibility into the company’s financial position
- Strategic Financial Analysis: Thorough analysis of decision impacts, coordinating with the company’s CPA on tax management, cash flow, and accrual management
- On-Demand Expertise: Senior manager assigned part-time to analyze and resolve cash management challenges
- Electronic Payment Implementation: Web-based system for queuing and approving payments, eliminating paper checks and trips to the bank
- Tight Invoice Scheduling: Met strict requirement to send invoices by the second business day of each month to optimize customer payment cycles
- Transition to Accrual Accounting: Consero provided the resources necessary to shift TESTCo from cash accounting to accrual accounting.
“Within a month, Consero had completely nailed it… their accuracy has been overwhelming.”
Transform Your Finance Operations
By outsourcing its financial functions to Consero, TESTCo transformed its accounting department from a source of daily frustration into a strategic engine for growth, run with disciplined processes, accurate reporting, and expert support. Today, TESTCo leadership spends a fraction of the time on finance—and uses that time to drive better decisions and stronger performance.
If your team is dealing with manual finance processes, tight invoicing cycles, cash management complexity, or inconsistent reporting, request a Consero consultation to explore how Consero can help you improve visibility, strengthen cash flow, and free leaders to focus on growth.
