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- Improved financial visibility by increasing the cadence of revenue reporting from monthly to weekly due to Campfire’s automation
- Audit readiness through migrating from manual processes to auditable software
- Ready to scale transaction volume by moving to software that can handle tens of millions of transactions to support future growth
- Has built the world’s first licensed sports stock market
- Raised $100M+ in funding to pioneer a new category of sports betting at the intersection of sports and finance with complex engineering, advanced data science, sophisticated market making
- Previously worked at Postmates
- Knew that the current manual process for revenue accounting and reporting would not scale with the company's tremendous growth and expansion into Fantasy Sports
- Introduced Campfire and it had an immediate impact on the financial operations
- The process was fully automated, saving one day every month on the revenue accounting and reporting
- Migrating to Campfire has been to prepare for accounting audits
- Campfire’s auditable rules engine has added clarity around the technical accounting methodology for audit testing and audit trails of the work that is being performed
- The Campfire engineering leadership team met with Mojo to understand their needs and reviewed sample data
- The result was a seamless migration from spreadsheets to Campfire that only lasted a few weeks, primarily to securely setup the Looker integration
- Campfire exceeded expectations by allowing for full automation of the revenue reporting while maintaining flexibility of the rules engine that was in place with spreadsheets
- Campfire onboarded Mojo to its transaction rules engine that allows Dan and team to easily make adjustments to the accounting entries as the company grows and evolves
- Previously spending five hours every month on the revenue accounting close process and it was fragile due to the manual effort required to perform the calculations in spreadsheets
- Migrating to Campfire has reduced the revenue reporting and accounting process down to a few clicks while unlocking additional reporting for executive decision support
- Migrating out of spreadsheets and into Campfire prepared Mojo for its next phase of growth
- Automating revenue reporting allowed Mojo to switch from monthly to weekly reporting for executive decision support while driving operational efficiency through 90% reduction in time spent
- Flexibility of the platform has allowed for the Mojo accounting team to make their own adjustments via Campfire’s self-serve interface
About Campfire
Campfire, based in San Francisco, is a modern accounting platform for startups and mid-size tech companies, offering features like multi-entity support and advanced financial reporting.
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