Consero Global Launches New Advisory Services To Support Business Growth At Every Stage

In a significant move to enhance its Finance as a Service (FaaS) offerings, Consero Global LLC today unveiled its Advisory Services. This new division aims to provide business executives with expert advice, options, and strategies to achieve their financial and operational goals. Leveraging the expertise garnered from its award-winning FaaS solutions, Consero's Advisory Services encompass three main areas: Fractional CFO Services, Financial Planning & Analysis and Reporting, and Technical Accounting & Clean-Up Projects.

Tyler Nelson, EVP of Corporate Development and General Manager of Advisory Services at Consero, emphasized the client-centric nature of this initiative. "Our goal is to tailor our offerings to meet the specific needs of our clients," Nelson stated. This approach stems from a demand for services that allow businesses to utilize Consero's expertise while maintaining their existing staff, software, and technology infrastructure.

Consero's Advisory Services are designed to support clients through special projects, audits, or other pivotal moments, providing the precise type of assistance needed. The company has established a strong presence in the private equity sector with its FaaS solutions. However, there was a clear demand for more flexible finance function solutions for portfolio companies. "Our experience in the private equity sector has uniquely positioned us to fill a gap in advisory services tailored to the specific needs of enterprises," Nelson added.

With over 15 years of serving clients and working with hundreds of companies, Consero's Advisory Services are proven in real-world applications. Nelson highlighted the firm's expertise in managing pre- and post-acquisition scenarios for private equity firms, emphasizing a disciplined and scalable approach to back-office functions.

Moreover, these services are led by seasoned senior executives, setting Consero apart from practices that might rely on less experienced staff for similar projects. The changing role of CFOs in today's business landscape is also addressed through these services. Nelson noted that CFOs are now expected to deliver more sophisticated financial intelligence crucial for business planning and leading change management initiatives.

The comprehensive suite of CFO Services offered by Consero includes funding readiness and support, debt financing, treasury support, cash management, strategic planning, operational & management reporting, transaction support for M&A, and board reporting and representation. For Financial Planning & Analysis and Reporting, Consero provides an array of services including annual budgeting and rolling forecasts, a 3-statement model covering balance sheet, P&L, cash flow; KPIs tailored to specific industries such as SaaS, healthcare, and investment management; variance analysis; weekly cash forecasting; industry-specific reporting packages; bank covenant or debt reporting; and investor and board reporting.

In the area of Technical Accounting and Clean-Up Projects, Consero's team offers services such as cash to accrual conversion, GL cleanup for audit readiness and due diligence, revenue recognition and required restatements, purchase price accounting, adoption of new accounting standards and financial restatements, equity cleanup and maintenance including cap table management, balance sheet schedules and reconciliations, and three-way reconciliations from operating system to merchant to bank.

Scott Tynes highlighted that these Advisory Services represent a natural evolution of Consero's client-first business philosophy. "Our clients have already shown great enthusiasm for these new services which allow them to leverage our expertise in a more focused manner," Tynes remarked.

Founded in 2006 and backed by BV Investment Partners, Consero Global disrupts traditional finance and accounting functions through its cloud-based platform. Serving over 350 clients and their portfolio companies, Consero aims to provide the financial clarity and efficiency businesses need to propel forward. For more information about how Consero can help gain greater control over your financial operations, visit www.conseroglobal.com.