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.