A multi-location healthcare company was preparing for significant growth through roll-up acquisitions and a potential exit within three years.
Recognizing that their inefficient, manual finance function was a barrier to these goals, they partnered with Consero to implement the scalable, tech-enabled Finance as a Service (FaaS) model.
The Challenge: Manual Work and Fragmented Reporting Slowed Growth
The company’s existing setup couldn’t deliver timely, consolidated insights or support the COO’s dual CFO responsibilities.
- Reliance on QuickBooks and Excel created clunky workflows with 20+ linked tabs just to produce consolidated and clinic-level P&Ls.
- Operational data lived in multiple transactional systems, requiring manual reconciliations to ensure revenue rolled up correctly.
- The COO/CFO was bogged down re-engineering finance instead of driving strategy.
- Back-office finance & accounting ran inefficiently with no plan to roll up acquisitions.
- A shortage of skilled staff created business continuity risk and an ineffective in-house approach.
The Solution: FaaS for Rapid Transformation
Within 30 days, Consero deployed our pre-integrated, cloud-based tech stack and expert team to professionalize reporting and streamline operations.
- Cloud-based finance and accounting tech stack instantly produced real-time financial visibility and automated workflows.
- Provided reliable back-office services that streamlined transaction processing and enabled a consistent 10-day month-end close.
- Delivered accurate, audit-ready reporting with automated consolidated financials and clinic-level P&Ls at the click of a button.
- Established a cost-effective and long-term finance solution built to scale as the business opened new locations and acquired others.
“You [Consero] rolled up your sleeves and learned the nuances of our business and helped us put structure in place so that we had repeatable, reliable processes to manage our books.”
ROI: Lower Cost, Faster Close, and Better Decisions
The company gained real-time visibility and freed leadership to focus on growth initiatives with Consero supporting the company’s strategic objectives.
- Increased Capacity: By taking over CFO and Controller responsibilities, Consero freed the COO to focus entirely on strategically impactful projects like executing roll-up acquisitions.
- Automated Reconciliation: A new three-way reconciliation process between the ops system, merchant processor, and bank account immediately discovered and resolved a $25,000 monthly revenue leakage.
- Improved Reporting: Timely and audit-ready financials enabled leadership to execute fast diligence and prepare for a smooth exit.
- 34% Cost Savings: The combination of a skilled virtual finance team and a sophisticated software stack drove 26% cost savings in year one and 34% in year two compared to building an in-house function.
“You put us in a strong position and enabled us to confidently go out to the market for growth capital and you helped us with so many ad hoc data requests along the way.”
Prepare Your Business for Its Next Milestone
Consero transformed this healthcare company’s finance function into a scalable growth engine—delivering real-time visibility, faster closes, recovered revenue, and double-digit cost savings.
If you’re preparing for acquisitions or an exit, we provide the people, processes, and technology to transform your back office into a strategic asset that supports multi-location growth and transaction-readiness.
Schedule a call to operationalize your finance function before your next acquisition or exit.
