Consero Private & Confidential CLOUD COMPUTING “Plug & Work” IT Applications Finance & Accounting Outsourcing (FAO) 5/26/2011 Consero - High Performance Finance Bill Klein - President 1

Consero Private & Confidential Consero Overview Consero 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. 2

Consero Private & Confidential SAAS AND SMB F INANCE 3

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 4 “(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 When the subscription period expires, the software is no longer valid.”Software - P.C. Magazine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 Impact  CFO or other valuable staff consumed by low-value accounting activities instead of strategic initiatives  Lack of timely and accurate financials  Limited mgmt. reporting & KPIs  Business continuity risks & disruptions  Exposure to internal fraud risk Challenge  Disparate non-integrated systems  Lack of formal processes & controls  Inefficient, paper based business process workflows  Limited budget for capital investment & higher level staff  Knowhow 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 6

Consero Private & Confidential Empower: SAAS Based FAO Service Delivery 7 Leverages 3 rd 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 Simple CFO 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 Q UESTIONS & D ISCUSSION Contact: Bill Klein – President Office: (512)