"Tech Finance" with Sasha Orloff: B2B Fintech | AI | Finance Tech E49: Why Accel Backed Campfire to Build the Modern GL, with John Glasgow, CEO
4 snips
Jul 16, 2025 
In this engaging discussion, John Glasgow, CEO and CFO of Campfire, shares his journey of building an AI-native ERP system designed for finance teams. Fresh off a $35 million funding round, he dives into the challenges of modernizing legacy systems and the critical role of automation in finance workflows. Glasgow also emphasizes the urgent need for innovation in accounting tech, highlighting real-world impacts and success stories that showcase the shift toward strategic finance in today's fast-paced business landscape.
AI Snips
Chapters
Transcript
Episode notes
GL: The Last Legacy System
- The general ledger (GL) has remained outdated while the rest of the finance stack modernized.
- The AI wave presents an opportunity to finally modernize this last part of the ERP stack.
Migrating From 30-Year ERP
- Campfire successfully moved a customer off a 30-year old on-prem ERP system purely through inbound interest.
- The customer decided it was time for a modern GL with better integration and faster close capabilities.
Customer Cuts Close Time Dramatically
- A customer reduced their month-end close from two weeks to three days by switching from NetSuite to Campfire.
- This gave them extra time to improve working capital, billing, and procurement processes.