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Consero Private & Confidential
CLOUD COMPUTING“Plug & Work” IT Applications
Finance & Accounting Outsourcing (FAO)
5/26/2011
Consero - High Performance Finance
Bill Klein - [email protected]
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Consero Private & Confidential
Consero OverviewConsero is a financial consulting and outsourcing firm that helps improve financial operations for small and mid-size companies (SMBs) who are:
– Frustrated that they are wasting time on tactical accounting headaches instead of addressing strategic objectives
– Worried that F&A staff turnover disrupts business continuity– Concerned that current F&A processes, controls & systems
bottlenecks will hinder growth
Headquartered in Austin, Texas– Field office in Dallas, TX– Service delivery center in Bangalore, India– Approximately forty five clients
Nation wide client base across multiple industries– Software/Technology, Business Services, Wholesale/Distribution, etc.
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Consero Private & Confidential
SAAS AND SMB FINANCE
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Consero Private & Confidential
What is SaaS?
Ideal for Cloud Computing– Application hosted on centralized data center server– All users access single application via web browser
applications on any desktop or mobile device– Users always access the latest version.– Data can also be stored in the provider's datacenter.
Rapid Growth– SaaS sales grew 15.7% in 2010 to $9 Billion and are
projected to increase by 16% in 2011 *– SaaS applications expected to comprise 16% of
worldwide software sales by 2014 (from 10% in 2010) ** Gartner Group
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“(Software-As-A-Service) - Software that is rented (i.e. subscription based) rather than purchased …all upgrades are provided during the term of the subscription. When the subscription period expires, the software is no longer valid.” - P.C. Magazine
Consero Private & Confidential
Common F&A Challenges for the SMB
SMBs have unique challenges in managing their financial operations when compared to large organizations
ImpactCFO or other valuable staff consumed by low-value accounting activities instead of strategic initiativesLack of timely and accurate financialsLimited mgmt. reporting & KPIsBusiness continuity risks & disruptionsExposure to internal fraud risk
ChallengeDisparate non-integrated systemsLack of formal processes & controlsInefficient, paper based business process workflowsLimited budget for capital investment & higher level staffKnowhow of a given process rests w/ a single individual
Consero Private & Confidential
Defining an FAO platform for the SMB
Requirements
Variable cost model
Scalable modular architecture
Minimize ongoing IT platform support
Simplified location independent work
High levels of security, redundancy and backup for information access & storage
Ability to bring on new clients via financial architecture knowledge vs. IT expertise
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Consero Private & Confidential
Empower: SAAS Based FAO Service Delivery
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Leverages 3rd party applications w/ customization & integration
100% of financial operations supported w/o servers or IT staff
“Pay as you grow” model
24/7 secure access to financials & support documents
Enables location independent work for onsite or offsite staff support
Open API for integration with client operational systems
Workflow automation
Standard best-practice based processes & controls
Document digitization & storage
Accounting System
Reporting
Customized Client PortalPlatform Administration
Consero Private & Confidential
Leveraging the Cloud in F&A
Results: F&A Made SimpleCFO offloaded of tactical accounting issues and IT infrastructure headaches
Increases scalability through defined processes, paperless workflows & integrated systems
On-time, audit ready financials
24/7 secure access to all financial reports & support documents from anywhere
On demand F&A expertise
20% to 40% F&A expense reduction vs. in-house solutions
Workflow Automation
Accounting & Reporting System
Client
Professional local & remote finance staff
Established processes& controls
Document Storage & Collaboration
Consero Private & Confidential
QUESTIONS & DISCUSSION
Contact:
Bill Klein – President
Office: (512) 535-6553
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