Finance as a Service for the Middle Market | Consero

## Consero: Finance as a Service for Middle-Market Companies

Consero is a Finance as a Service (FaaS) provider headquartered in the United States, built specifically for middle-market and growth-stage companies that have outgrown their internal finance function but are not yet ready to build out a full back-office finance team. The core promise is delivering an institutional-quality finance operation in 90 days or less, which is an unusually specific and verifiable commitment worth confirming on any discovery call.

Consero describes itself as a pioneer of the FaaS category. Whether that branding holds up is secondary to what matters for buyers: it is a fully managed outsourced finance and accounting operation, not a staffing agency, not a fractional CFO service bolted onto bookkeeping, and not a generic BPO that also does finance. The model bundles people, processes, and a proprietary technology platform called SIMPL into a single managed solution.

### What Consero Actually Does

The service offering breaks into three main tracks.

**Finance as a Service (FaaS)** is the flagship. It covers the full finance function: transactional bookkeeping, compliance and reporting, and financial close. This is a complete handoff of day-to-day finance operations to Consero's team, running on their SIMPL platform. For a company that currently has one overworked controller or a bookkeeper who also handles HR tasks, this replaces that entire layer with a managed team that uses a standardized, cloud-based process stack.

**Flex Finance** is a lighter-touch option for companies that want Consero to manage books and reporting while keeping their existing technology stack and processes in place. You can layer on CFO or FP&An expertise as needed. This suits buyers who are not ready for a full FaaS transition but want senior finance talent without the full-time overhead.

**Advisory Services** covers Financial Planning and Analysis (FP&A), CFO Advisory, and Technical Accounting. These are engagement-based services for specific situations: a fundraise, a M&A process, a financial restatement, or a board-level reporting overhaul. Advisory is add-on firepower, not a replacement for a finance function.

The SIMPL platform ties all of this together. Consero describes it as a cloud accounting system that handles invoicing, expense approvals, vendor billing, and financial reporting, with AI-enabled analytics layered on top. It delivers KPI benchmarking, predictive analytics, and what Consero calls enterprise-grade AI analytics. Buyers should ask for a live demo of SIMPL and understand specifically what the reporting output looks like before signing a contract. A platform that produces genuine exception-based reporting and real-time financial visibility is genuinely valuable; one that repackages standard accounting software outputs with a custom label is not.

### Who Consero Serves

Consero explicitly targets middle-market and growth-stage companies, and their industry list is worth reading carefully: Software and SaaS, Health Tech and Services, Professional Services, Marketplace eCommerce, Investment Management firms, Nonprofits, and Senior Living Services. This is not a generalist BPO claiming to serve everyone. The vertical depth in SaaS and Health Tech in particular suggests those are their most developed practice areas, though buyers in Investment Management and Nonprofits should probe specifically how many clients in those verticals they currently serve.

The client profile that fits best is a company that has real financial complexity (multiple entities, recurring revenue recognition, M&An activity, or board-level reporting requirements) but does not have the headcount or internal process maturity to handle it cleanly. If you are still running your books in spreadsheets or you have a controller who is three months behind on close, Consero's model is designed for that exact situation.

### Delivery Model and Pricing

Consero publishes pricing on their website, which is uncommon in the finance outsourcing space and a positive signal. The actual pricing tiers are worth verifying directly since they depend on company size and scope. The model appears to be a monthly retainer structure, which makes sense for a fully managed finance function where scope is relatively stable month to month.

The 90-day implementation timeline is the key commercial commitment. For a buyer mid-audit or preparing for a fundraise, the speed of standup matters. Ask specifically what is included in that 90 days, what the buyer's internal team needs to contribute, and what happens if the timeline slips.

### Technology and Compliance

Consero's SIMPL platform integrates with cloud accounting tools and uses AI tooling to automate exception-based processes and reduce manual effort in the financial close cycle. Consero describes itself as a trusted AI partner for CFOs, building workflows that curate third-party AI tools into a managed framework rather than building everything in-house. For buyers in regulated industries, particularly Health Tech, the compliance posture of both Consero and their tooling stack needs to be verified directly. No specific certifications (SOC 2, HIPAA, ISO 27001) are confirmed in available public information, so that is a first-call question for any regulated-industry buyer.

### Editor's Take

Consero occupies a specific and genuinely useful niche. The FaaS model, if executed well, solves a real problem: the messy, expensive, and distracting finance function that growth-stage companies frequently ignore until it becomes a crisis. The combination of a proprietary platform, a defined implementation timeline, and advisory services layered on top is a more complete proposition than a pure staffing or bookkeeping play.

That said, I would verify a few things before signing. First, ask what the team structure looks like day-to-day: who is your named controller, what is the review cadence, and how is escalation handled? Second, get specifics on the SIMPL platform's actual reporting outputs rather than screenshots from a sales deck. Third, if you are in a regulated vertical like Health Tech or Investment Management, confirm the compliance certifications that cover your data. Fourth, understand exactly what "90 days" covers: is the finance function fully operational, or is it the onboarding period that precedes full operation?

For a Series B SaaS company or a health tech firm that needs board-ready financials and a CFO-level strategic partner without hiring three full-time people, Consero is a vendor worth evaluating seriously. For a 10-person startup with simple books and no audit requirement, the overhead of a managed FaaS engagement is probably more than you need.