LOWER MANHATTAN, NY, NEW YORK, U.S. June 14th, 2021 /Press Release/
Accrete, a leading enterprise AI software provider headquartered in Lower Manhattan, appoints Lawrence Herman to its executive leadership team as Accrete’s new Chief Financial Officer (CFO). In his new role, Lawrence will oversee global financial operations and prepare Accrete for its next phase of high growth and development, scaling its financial infrastructure and team, and assuring that capital is allocated most efficiently.
Lawrence joins Accrete with over twenty-five years of experience building and leading world-class finance teams, most recently at Paxful, a P2P bitcoin marketplace. During his tenure as Senior Vice President, Head of Finance, Lawrence scaled the finance team globally, introduced processes and controls to rationalize spending, and revamped its reporting to provide greater financial and operational transparency. Additionally, he optimized pricing on several products, including its gift card escrow offering, which drove 60% revenue growth during his first year.
"At Accrete, we are obsessed with boosting efficiency and driving revenue growth for customers having challenges with throughput issues", said Prashant Bhuyan, Founder & CEO of Accrete. "Lawrence’s experience, in combination with his raw intellectual horsepower, makes him uniquely suited to understand the difference between true and fake AI from a financial perspective. True AI does not require costly human effort to maintain performance because it continuously learns and understands context, whereas fake AI requires expensive human labeling to maintain performance, limiting its value to menial, routine work."
Before joining Paxful in July 2019, Lawrence has worked with an innovative Artificial Intelligence Data vendor as Director of Financial Planning and Analysis with Dataminr, where he assisted in securing the Series E unicorn valuation. Lawrence holds a bachelor’s degree in Economics from Harvard University and began his career in investment banking at Goldman Sachs. He is proficient in Japanese and currently resides in Manhattan, NY.
“I am thrilled to be joining a world-class team of experts developing cutting-edge technology in the AI/machine learning industry that will provide leading solutions to both the public and private sectors,'' said Lawrence. “This is a tremendous opportunity as Accrete offers unique AI applications with minimal human involvement that solve real-world problems, allowing customers to review structured and unstructured data faster than any human could. The products enable our clients to draw actionable insights to drive strategy, allocate resources efficiently, and make data-driven decisions faster. The platform is a secret weapon which companies can utilize to drive accelerating profitability and operational efficiency, providing a distinct competitive advantage worth multiples of the cost.”
Accrete is an enterprise AI company headquartered in Lower Manhattan. Accrete’s continuously learning AI platform transforms underutilized data and expertise into artificial intelligence. Accrete has been enabling leading organizations in industries such as defense, media and entertainment, finance, real estate, health care, and collectibles to boost ROI by increasing efficiency and producing novel profit centers.
VP of Sales and Marketing Operations, Accrete
SOURCE: Accrete AI