Recession-Proof - a podcast by Ramp
How Joe Garafalo is reimagining today’s finance tech stack
May 5, 2022
Joe Garafalo, co-founder of Mosaic and a finance tech expert, joins Alex Song, Head of Finance at Ramp. They discuss transitioning from outdated finance tools to innovative tech solutions. Joe highlights how financial models can transform business conversations and emphasizes the importance of hiring a controller. The duo explores the integration of software like Snowflake for automation and how understanding investor trends shapes company strategies. They also touch on why pricing accessibility is key to Mosaic's mission.
31:20
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Quick takeaways
- Mosaic streamlines financial processes by integrating technology, transforming cumbersome legacy systems into a centralized, efficient framework for decision-making.
- Joe Garafalo highlights the necessity of strategic finance roles, like hiring a controller first to ensure robust accounting practices in organizations.
Deep dives
The Genesis of Mosaic's Financial Infrastructure
Mosaic was founded by finance professionals who experienced the challenges of building financial infrastructure at Palantir. The team transformed cumbersome paper-based processes into a streamlined system using technology, enabling them to provide quick and reliable answers to complex business questions. By centralizing data and learning SQL, they created a golden framework that significantly improved decision-making efficiency. This foundational experience led to the development of Mosaic, aimed at helping B2B SaaS companies achieve better financial planning and analytics.
