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, why are we still trying to fix accounting and finance the same way we were 30 years ago?

You’ve experienced this time and time again. The accounting and finance functions of the portfolio companies you acquire or manage are almost always broken.

Whether it’s the wrong systems, wrong personnel, turnover, or they aren’t staffed up to scale, it’s always a headache trying to right the ship when so many things aren’t being done correctly.

And to make matters worse, it’s nearly impossible to diagnose what’s wrong when you’re receiving inaccurate or untimely data or financials.

So, where does that leave you? This video shows you a new school approach to fixing the finance & accounting function.

Consero FaaS: Disrupting the Outdated Traditional F&A Model

  • 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