Austin based accounting software provider has secured $50m in private equity funding from BV Investment Partners.
"This event further validates Consero's vision for the Finance as a Service market. Companies don't want another piece of software to cobble together, they want complete solutions," stated Scott Tynes, CEO, Consero Global. "With this partnership with BV Investment Partners we have the opportunity to grow our customer base exponentially, making Consero the go-to choice for companies who demand both financial excellence and operational efficiency." Small and mid-market companies struggle to establish cost-effective finance and accounting functions. Instead, in-house F&A consumes resources, drives higher costs and distracts management time away from addressing corporate objectives. Traditional attempts to solve common struggles of the finance department have been based on a consulting approach. Consero's Finance as a Service solutions take a managed platform approach as opposed to a consulting project.