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ERP 2.0: From Legacy Suites to AI-Driven Composable Platforms

  • Major ERP vendors like SAP, QuickBooks, NetSuite, Visma, and Microsoft Dynamics lead various customer segments, with emerging businesses often built on top of ERP systems for AR/AP automation and treasury management.
  • The rise of APIs has made it easier for new vendors to integrate into the ERP ecosystem, leading to product duplication and challenges for businesses as they grow.
  • Enterprise-grade ERPs offer deep functionality but have lengthy and resource-intensive implementations, creating difficulties in switching systems as businesses scale.
  • Innovation and disruption in the ERP market are challenging due to the complexity and strong moats created by major ERP vendors, but AI-powered features are being rolled out to stay competitive.

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