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Campfire reels in $35M for its AI-powered ERP platform

  • Campfire Software Inc. secures $35 million in funding for its cloud-based ERP platform, with Accel leading the Series A investment.
  • The company's ERP platform accelerates accounting workflows and allows faster completion of financial tasks compared to competitors like Oracle Corp.'s NetSuite.
  • Campfire's platform is based on a general ledger and provides integrations for importing financial data from various systems, aiding in consolidation for companies with multiple subsidiaries.
  • The funding will be used to enhance the platform with new AI capabilities, allowing finance teams to accelerate monthly processes, gain deeper financial insights, and foster smarter decision-making.

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