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How OpenAI Controller Sowmya Raganathan Uses AI to Superpower Accounting

OpenAI Controller Sowmya Ranganathan sits with Sasha Orloff to share accounting insights from her experience at Square, Rippling, and OpenAI. She discusses automation and using AI in accounting, how difficult software motivated her to make the move to Controller at Rippling, and how she’s streamlining the accounting workflow at OpenAI, where she is currently Controller.

Sowmya also explains how AI is making accounting easier and why future accounting teams may be small and broadly skilled.

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⏲️ Timestamps:

(00:00) Preview and Intro

(02:51) Soumya's Journey: From Square to Rippling

(03:14) Challenges and Learnings in Public Accounting

(07:30) Automation in Accounting: A Necessity

(10:02) Joining Rippling: Building from the Ground Up

(11:47) Balancing Controls and Growth in Startups

(14:52) Sponsor: NetSuite | Attio

(16:52) Putting On the Auditor's Hat

(18:24) What If There's No Buy-in from Management?

(21:02) Stepping into OpenAI and Embracing AI in Accounting

(24:12) Transforming Accounting with ChatGPT

(25:35) Real-World Applications and Success Stories

(26:29) Future of AI in Accounting

(29:44) OpenAI's Accounting Team and Processes

(30:02) Sponsor: Beehiiv | Brave

(33:12) Innovative Tools and Systems

(37:36) Advice for Future Accountants

(45:30) Addressing Fear of AI in Accounting

(47:41) Wrap

Subscribe to this season of Turpentine Finance, where our guests speak candidly about big business inflections, market curveballs, and how they approach decision-making to tease out tactics and mental models you can use when the pressure is on.

You’ll hear stories from Instacart, Mercury, OpenAI, Andreessen Horowitz, Netflix, Runway, and more. Topics frequently touched upon M&A, Market Downturn, Macro, PMF, Fundraising, Financial Forecasting, Headcount, Equity.

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Turpentine Finance is a part of the Turpentine podcast network. Learn more: www.turpentine.co

This show is produced by Turpentine: a network of podcasts, newsletters, and more covering technology, business, and culture, all from the perspective of industry insiders and experts. We’re launching new shows every week, and we’re looking for industry-leading sponsors - if you think that might be you and your company, email us at [email protected]