[Applause] Hi everybody. Thank you. Um, this is going to be a hard pivot from emotional friends to raw accounting ERP B2B software.
Um, cool. All right, here's the clicker. It is though a truly generational opportunity and that's why we're all here.
So, um, we're basically a group of accountants and engineers building accounting software, ERP software in an AI native way and I think we have a chance to make a dent in a really large industry. Every company out there needs an ERP. That is the beautiful thing.
So you have literally from small to big, Fortune 500 down, up and down. Um companies running on names like SAP. I'm going to say Oracle.
I met someone from Oracle today. Like that's not enough. But it's just mindful of the dynamics there.
But like um Oracle is just some of the products are really old that are being produced there. Um um um they make a lot of money. Um and it is a huge opportunity.
It's $2 trillion dollar opportunity. This is what these systems look like. So you have accountants every single uh month uh running through hundreds and hundreds of hours of repetitive monotonous work downloading spreadsheets from a stripe or another system or Salesforce merging them with other spreadsheets they pull from internal databases to then aggregate and calculate certain accounting metrics to upload into a system.
These are steps that happen every single month and literally wipe out two to three weeks of every single month in an accounting and finance team. We have a chance with AI today to reduce these two to three weeks down to zero. We got it done.
We have over 200 customers today which is awesome. And NPS this is not on the slide of literally 71. So people effing love what we're doing.
Um and this is a beautiful case study. So all of us in this room probably know Winurf. Um they uh they were one of our first customers.
I went from 10 to 100 million of AR on our platform on literally an accounting team of one. If they chose Netswuite, which is an Oracle product, they would have done the same thing with five to 10 people closing their books in literally two to three weeks and not getting even remotely the information that management or the board needs. This is the results with Relet.
Um one accountant, 36 hours. We've had a tremendous amount of traction um in the last couple of uh weeks and months. You may have heard of us.
Um so came out of stale last summer. Uh are the fastest growing system of record currently on the market. Um which and raised money from Sequoia uh and recently and iconic just in the last uh three to four months $100 million in aggregate.
The really interesting challenge that we're solving for everybody that's interested is getting into the depth of accounting workflows that are highly deterministic at its core and integrating AI and highly probabilistic probabilistic uh LLM models with these workflows. It's a really fun challenge. You're surrounded by phenomenal accountants and engineers that go built and help solve that challenge.
And that's what frankly drives us every day. This is the team. Um, uh, how I describe our team, it's basically a highly intense group of individuals.
We're really here to get done. We take our work very seriously, just not ourselves in the process. So, thank you everybody for uh, listening in.
Um, feel feel free to come talk to Amrit here in the room as well as myself if you're looking for product engineering, design, literally every sort of role under the sun we are hired for currently. Thank you.
