Summary
This case study details the implementation of Consero's Finance as a Service (FaaS) for a multi-location healthcare company aiming to enhance its finance function. The document outlines the challenges faced by the company, including inefficient manual processes and a lack of effective financial reporting tools. Consero took over the CFO and Controller roles, allowing the COO to focus on strategic projects. The implementation of a cloud-based finance and accounting technology stack was completed in 30 days, resulting in timely and audit-ready financials, improved reporting, and a streamlined reconciliation process. The case study highlights significant cost savings, achieving a 34% reduction in expenses by leveraging a skilled finance team and advanced software solutions. It emphasizes the importance of reliable back-office services and the ability to support roll-up acquisitions, ultimately preparing the company for a potential exit in the next few years.
