Consero Global Acquires BTQ Financial, Expanding Its Reach to the Non-Profit World With a Leading Provider of Finance as a Service to the Sector
AUSTIN, Texas, April 5, 2022 (Newswire.com) – Consero Global LLC, a pacesetter in Finance as a Service (FaaS), today announced that it has acquired BTQ Financial, a leading provider of financial and accounting services to the non-profit sector, offering clients every function from CFO to accounts payable processing to medical billing.
The New York-based BTQ complements Consero’s offering and expands its expertise to meet the unique needs of the non-profit space. BTQ was founded in 2001 when a partnership of non-profit organizations and financial professionals launched an experiment to revolutionize non-profit financial management. It grew rapidly, by building off the insights of its collaboration among government entities, nonprofits, foundations, and individuals who believed outsourcing the finance function offered tremendous value.
The approach of BTQ Financial closely mirrors Consero’s, with a commitment to an all-inclusive offering to create a fully outsourced finance function. Since its founding, BTQ, like Consero, has delivered a customized solution with every client receiving senior management attention, in a process that’s both rigorous and transparent. Both companies have developed their services with the aim of a true partnership with clients so that the outsourced finance solution always feels like an in-house team.
“We appreciate that non-profit groups have distinct needs for their financial operations,” says Consero’s CEO Scott Tynes. “BTQ Financial has been meeting those needs for over two decades, with the same discipline, focus and commitment to innovation that’s made Consero what it is today.”
“We serve the non-profit sector, so values and culture are always top of mind,” says David Terrio, President and co-founder of BTQ Financial. “Consero is a great partner for us because they reflect the same integrity and customer-centric approach that built the reputation we have today.”
“There are so many opportunities for this partnership to help us better serve our clients, with the additional resources, technology and talent that Consero offers,” says Kevin Quist, Executive VP of BTQ. “We see this partnership as the best way for BTQ Financial to further its mission in providing the optimal financial solution to the non-profit world.”
BTQ Financial is Consero’s third acquisition in the last year. In March, the Company acquired BridgeView CFO Solutions, a San Francisco-based finance and accounting, HR and business management firm. And, in December, Consero acquired Positive Venture Group, Canada’s market leader in providing a complete suite of outsourced finance services, virtual CFO services and executive consulting solutions.
About Consero Global
Founded in 2006 — by Scott Tynes, Bill Klein, and Kiran Jagannath — Consero Global disrupts the way businesses build and maintain their finance and accounting function. Through a cloud-based platform, Consero delivers the financial clarity and efficiency needed to drive a business forward. Strategic CFOs are adopting Consero’s cutting-edge Finance as a Service model to free up time and understand how the business is performing. Serving more than 130 clients and their portfolio companies, Consero, backed by BV Investment Partners, provides the control and insight needed to steer businesses toward success. Contact Consero Global for more information about gaining greater control of your financial operations. More info at www.conseroglobal.com.