What If Your ERP Could Do Your Accounting Team's Manual Work? | Meet Campfire

Why It Matters

Campfire’s AI‑first ERP eliminates manual accounting bottlenecks, giving CFOs secure, real‑time insights that can reshape finance operations and accelerate migration away from legacy systems.

Key Takeaways

• Campfire built an AI-native ERP to replace legacy general ledger systems
• Founder leveraged corporate finance experience to launch product in June 2023
• Campfire uses its own foundation model for secure, high‑accuracy accounting AI
• AI agents automate journal entries, forecasts, and audit checks, reducing manual effort
• Early adopters migrated from NetSuite and SAP, citing speed and scalability

Summary

The discussion centers on Campfire, an AI‑native enterprise resource planning platform that reimagines the general ledger for midsize tech firms. Co‑founder John Glasco, a former CFO at Adobe and other public companies, launched Campfire after experiencing the limitations of legacy ERPs at a 100‑person startup. Leveraging his finance background, he entered Y Combinator in 2023, released a paying product in June 2023—initially as an Excel‑based prototype—and quickly attracted subsidiaries and large enterprises seeking modern, scalable solutions. Key insights include Campfire’s focus on transaction‑level data ingestion, enabling AI agents to process billions of rows and handle complex multi‑subsidiary structures. The platform distinguishes itself by developing its own foundation model, rather than relying on third‑party LLMs, which enhances data security, auditability, and confidence scoring for automated journal entries and forecasts. Early customers have migrated from NetSuite, SAP and other entrenched systems, citing faster reporting, higher accuracy, and the ability to run sophisticated financial analyses on demand. Notable examples underscore the product’s impact: companies with $400 million revenue moved to Campfire when the team was only three people; users generate 50,000‑row journal entries and manage over 100 subsidiaries without performance degradation. Glasco emphasizes that AI at Campfire is designed to act as a team member—sending Slack alerts, updating cash forecasts, and validating human work—while maintaining full ownership of outputs to mitigate hallucination risks. The implications are significant for finance functions. By automating routine GL tasks and delivering real‑time insights, Campfire promises to free FP&A teams for strategic work, reduce reliance on error‑prone spreadsheets, and set a new standard for secure, AI‑driven accounting platforms across the enterprise.

Original Description

Campfire is the modern accounting ledger that accountants have been demanding.

Flux analysis. Accruals. Month-end close tasks your team has done manually for years. What if AI agents just… did that for you? In this session, Paul Barnhurst (The FP&A Guy) joins Campfire founder John Glasgow for a discussion of Campfire the AI-Native ERP to include live walkthrough of Ember Agents. AI agents built specifically for modern accounting teams inside an AI-native ERP. It's a live demo. You will see how Ember and custom agents automate the repetitive, high-effort work in accounting. You will leave with an understanding of what is possible in the age of AI.

Learn more about Campfire at https://campfire.ai/