Amsterdam-based Stacks has successfully raised $10 million in funding to improve financial closing processes for companies. The funds are aimed at helping businesses overcome challenges associated with traditional bookkeeping systems that often lead to inefficiencies and errors. Founded by Albert Malikov, Stacks leverages AI to streamline these processes, allowing finance teams to recover time lost in manual tasks. With participation from key investors, the company is positioned to transform how financial roles operate, emphasizing the need for strategic innovation beyond traditional bookkeeping.
I've seen firsthand how much time finance teams lose to manual tasks-a decade ago at Uber, we were already building data-driven tools to elevate finance into a true strategic partner.
Today, that need is finally hitting the mainstream: finance leaders everywhere are realizing they must go beyond just closing the books and start driving strategy and innovation.
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