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(#14) Rohit Gupta: Auditoria, Transforming Corporate Finance Using AI, Entrepreneurship, Early Stages, M&A, Adaptability, Resilience, Curiosity & Getting Comfortable Getting Out Comfort Zones.

Kraig Ward

Rohit Gupta is the Co-Founder & CEO of Auditoria.AI – the leading cognitive automation provider for ERP and Corporate Finance teams, backed by top investors such as Venrock, Neotribe Ventures, Engineering Capital, KPMG and Workday Ventures.

Rohit is a serial entrepreneur, active angel investor, and software executive with over 25+ years of experience in building, scaling, and successfully acquiring and selling multiple companies.

His vision is to transform how work gets done in the back office with zero-touch, self-driving, autonomous solutions that leverage AI, machine learning, natural language processing, and cloud computing. He has a proven track record of creating and leading innovative products and businesses in the fields of AI, Cloud Security, IT Service Management, and Identity and Access Management, having held senior executive roles at Oracle, Palerra, and BMC Software.

He is also a Forbes Finance Council Member, a Robotic Process Automation Certified Professional, and a well-known speaker and thought leader in the industry.

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You can watch the interview on YouTube here.  

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OUTLINE:

  • 00:00 Start

  • 02:32 Mission

  • 04:57 Superpower

  • 12:44 Kryptonite

  • 14:59 Rohit’s 5-Minute Hero’s Journey

  • 21:49 Early Beginnings & Influences

  • 29:39 Migrating to the USA

  • 32:46 Early Days of Cloud Computing & Co-Founding Palerra Software

  • 40:08 Selling Palerra to Oracle

  • 46:51 The Conception of Auditoria

  • 50:49 Timing the Market & Selling to a Risk Averse (Office of the CFO) Buying Center

  • 01:01:07 Biggest Woah Moments & Lessons Learned (so far!) on the Auditoria journey

  • 01:07:23 The Power of Narrowing the “SAM” Aperture

  • 01:13:21 Comparing Market Dynamics & Appetite of Palerra vs. Auditoria + Outcomes!

  • 01:19:20 Biggest Learning Lessons In Building Culture at Early-Stage Startups

  • 01:24:42 Auditoria's Cultural Rhythm's and Rituals That Keep The Team Aligned 

  • 01:31:41 Rohit’s 12-18 Month Outlook

  • 01:35:16 5-Year Horizon (Personal & Business)

  • 01:38:30 What The World Needs To Understand/Embrace 

  • 01:42:04 Rohit’s Career Advice

  • 01:44:11 Personal Insights

  • 01:46:35 Closing Remarks on The Future!

Honorable Mentions:

More info on Rohit Gupta:

Rohit Gupta is the Co-Founder & CEO of Auditoria.AI – the leading cognitive automation provider for ERP and Corporate Finance teams, backed by top investors such as Venrock, Neotribe Ventures, Engineering Capital, KPMG and Workday Ventures. His vision is to transform how work gets done in the back office with zero-touch, self-driving, autonomous solutions that leverage AI, machine learning, natural language processing, and cloud computing. Rohit is a serial entrepreneur, active angel investor, and software executive with over 25+ years of experience in building, scaling, and successfully acquiring and selling multiple companies. He is also a Forbes Finance Council Member, a Robotic Process Automation Certified Professional, and a well-known speaker and thought leader in the industry.

Connect with Rohit Gupta on LinkedIn.

More info on Auditoria:

Auditoria is an AI-driven SaaS automation provider for corporate finance that automates finance processes in vendor management, accounts payable and receivable, and accruals to accelerate cash performance. By leveraging natural language processing, generative artificial intelligence, and machine learning, Auditoria supercharges ERP systems, adding value to corporate investments. Auditoria removes friction and repetition from mundane tasks by automating complex functions, and providing real-time visibility into cash performance. Corporate finance and accounting teams at leading companies including use Auditoria to accelerate business value while minimizing IT involvement, improving business resilience, lowering attrition, and accelerating business insights.

Purpose-built for finance, with next-gen advanced Auditoria integrates with systems of record and shared inboxes to engage key stakeholders to streamline and automate collections and payment processing, add controls to procurement spend, optimize spend and vendor management, and handle finance inquiries using automation that generates data to provide key insights into cash performance. Auditoria’s SmartFlow Skills and SmartBots allow organizations to regain thousands of hours the finance team would otherwise spend on administrative, transaction-based non-value-added tasks to help alleviate pressures and elevate the state of the finance back office.

Auditoria's SmartCustomer improves cash flow, reduces DSO, and increases efficiency for accounts receivable teams. Auditoria's SmartVendor reduces manual work, reduces risk, and improves accuracy for vendor management. Auditoria's SmartGL reduces risk, improves accuracy, and simplifies close in the finance office. AP and AR Helpdesk automation works 24/7 to process email content and understand finance-specific intent, continuously checking inboxes and responding conversationally to items such as approval status, invoice payments, short pay issues, and missed invoices.

Visit Auditoria on the web.

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