Rho launches Campfire accounting integration
Finance teams running on Campfire will save hours with Rho
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1 minute
July 25, 2024
Today, we’re excited to announce that Rho now integrates with Campfire, the modern accounting platform for startups and mid-size tech companies.
We started Rho to make finance frictionless for organizations, and one of the biggest points of friction that finance teams face is the speed at which they can complete transaction reconciliation as part of their close process.
Rho solves this problem by connecting our platform to our customers’ accounting software, syncing Rho Card transaction data in real time without requiring manual data entry. This is a massive benefit for finance teams tasked with supporting growth, as they can spend significantly fewer hours on bookkeeping and more time on strategic finance.
Control spend, boost efficiency, and earn up to 1.25% cashback with Rho.
Campfire is an accounting platform that bills itself as the modern version of NetSuite. We first heard about Campfire when it was announced as a member of the S23 class of Y Combinator, and we knew we would want to partner with it, given our shared values.
Co-founder and CEO John Glasgow was previously an executive at a Series C tech company. After that company was acquired, he launched Campfire to solve the frustration that he experienced first-hand with his finance team when they began to scale beyond what their small business accounting software or legacy ERP was able to support.
One product the platform offers is Core Accounting, a general ledger with advanced financial reporting, multi-entity accounting and currency support. The idea is that Campfire integrates with the rest of your financial stack, supporting real-time data sharing that enables a faster close and eliminates the need for manual data entry.
Two critical data points that impact the speed of your close are business banking and corporate credit card transactions. To support accurate financial reporting and statement generation, accounting teams must ensure transactions match their general ledger, which can be a manually intensive process.
With Rho, customers enjoy the benefit of managing all corporate credit card and banking transactions in one platform and experience a faster closing process thanks to our suite of native accounting integrations.
With today’s news, Rho customers who run on Campfire can now send all Rho’s transactions to their general ledger in seconds. That means finance teams can spend more time on what really matters to the business - strategy - and less time on bookkeeping.
Activating the Rho Campfire integration is as seamless as connecting our financial automation platform to our other supported integrations.
From the Campfire settings page, enter your Rho credentials to integrate the two products and begin syncing Rho transaction data onto your Campfire general ledger and financial reports.
If, at any point, a customer needs help, a dedicated Rho Client Service team member will guide them through the integration setup.
The Rho platform is designed to reduce the time and energy demanded by the operational side of accounting, freeing financial leaders from the day-to-day so they can be more strategic.
As Rho continues its mission to make finance frictionless for organizations, we recognize that a transformational change is occurring in business accounting. More and more small businesses are electing for modern accounting solutions from the start, and their mid market peers are opting out of lengthy, expensive ERP upgrades.
Today’s announcement underscores our commitment to continue innovating to support growth organizations with ambitious visions by eliminating financial busywork that gets in their way.
Learn how Rho business checking accounts, corporate cards, and AP automation can automate busy work, speed up accounting, and control spending for your team today.
Rho is not a bank. Rho partners with FDIC-insured banks to offer banking products and services. Applying will not impact your personal credit score.