A multi-location healthcare company was preparing for significant growth by attracting outside investment and de novo location expansion.
The company’s manual, inefficient finance processes wouldn’t support their goals, so they partnered with Consero to modernize the back-office.
Here’s how the scalable, tech-enabled Finance as a Service (FaaS) model delivered the visibility, speed, and control needed to withstand investor due diligence and scale confidently.
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.
- Inefficient Systems: Reliance on QuickBooks and Excel created clunky workflows, with 20+ linked tabs to produce consolidated and clinic-level P&Ls.
- Data Silos: Operational data lived in multiple transactional systems, requiring manual reconciliations to ensure revenue was captured and reported accurately across locations.
- Leadership Drain: The COO/CFO was bogged down re-engineering finance instead of driving the strategy for new location openings and investment readiness.
- Scalability Gap: The back-office lacked the repeatable structure needed to support new location openings, increasing transaction volume, or the rigorous due diligence required by institutional investors.
- F&A Talent: 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.
- Real-Time Visibility: The cloud-based stack provided automated workflows and instant financial clarity across the entire footprint.
- Operational Excellence: Consero provided reliable back-office services that enabled a consistent 10-day month-end close.
- Audit-Ready Reporting: Delivered automated consolidated financials and clinic-level P&Ls at the click of a button.
- Built for Growth: Established a cost-effective finance solution designed to scale seamlessly as the business launched new locations.
“You 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 Investment Readiness
The company gained real-time visibility and freed leadership to focus on growth initiatives with Consero supporting the company’s strategic objectives.
- Increased Leadership Capacity: By taking over CFO and Controller responsibilities, Consero freed the COO to focus entirely on strategic growth.
- Automated Reconciliation: A new three-way reconciliation process discovered and resolved a $25,000 monthly revenue leakage, immediately adding to the bottom line.
- Transaction Readiness: Timely and audit-ready financials enabled leadership to respond quickly to investor and diligence requests and maintain a high level of transaction readiness.
- 34% Cost Savings: The virtual finance team and software stack drove 26% cost savings in year one and 34% in year two compared to 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 the Next Milestone
In months, not quarters, Consero helped the company transform its finance function from a cost center into a strategic asset, with real-time visibility, faster closes, recovered revenue, and double-digit cost savings.
For businesses with ambitious growth targets, a proven partner like Consero delivers the foundation of elite talent, refined processes, and advanced technology to professionalize your operations before your next milestone.
Schedule a call to scale with confidence, meet investor and lender expectations, and stay ready for what’s next.
