Insights from Around the Campfire - July 2024
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Welcome back to Insights from Around the Campfire. We’ve had some great conversations and events this month, and are excited to share these key updates with you.
CASE STUDY SPOTLIGHT
Populi migrates from Xero to Campfire to support it's next stage of growth
Populi, an all-in-one software platform for colleges and universities, hit a growth ceiling with Xero, their previous accounting solution. Facing transaction limits, sluggish searches, and sync issues, they turned to Campfire for a scalable solution.
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Working with Campfire not not only solved these pain points for Populi, but also accelerated their monthly close, automated data syncing, and gained a voice in product development. Read the full case study.
JUST MISSED IT
SF Finance Leadership Dinner
This week we hosted a dinner for Finance leaders in the Bay Area, and had a great time meeting with connections both old and new. Thanks to all who joined!
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If you're looking for ways to connect with other like-minded finance and accounting professionals -> Join our Slack community.
FOUNDER Q&A
Product questions answered by CEO, John Glasgow
Does Campfire allow a single transaction to be tagged to a customer as well as vendor name? We currently view customer level P&Ls, and tagging customers at the line level of each bill/expense helps with this. However, it is a custom build in Netsuite.
We do have customer P&L and allow tagging at the customer level for both revenue or expenses.
In terms of contracts (for the revrec module), how manual/automated is the process? Does accounting have to manually enter the contract details or can Campfire "read" the contract and input details?
Our revenue automation product is truly automated from “closed won” contract in your CRM to Campfire’s revenue reporting and general ledger. Customers also connect Campfire to BI and database software like Looker and Snowflake to automate the end-to-end flow, so you do not need to manually enter anything in. We have native integrations with Salesforce, Hubspot, and other CRMs.
How are board/stakeholders typically reviewing the data on a monthly basis? Do they connect directly to the platform or is key data being outputted to PDF/PPT?
Typically we’ve seen that people don’t auto-connect for board reporting as they want more control over how the story is shared, alongside a narrative and commentary. Instead, our clients use our in-product charting and reporting, or download financial reports so they can build out the story that they are looking to tell.
Do you have any tools to simplify data migration to Campfire?
We have all of the tools in place to migrate your historical financial data with transaction-level detail on your behalf. We have a strong migration playbook whether it’s from QuickBooks or Netsuite, everything is easy for your team.