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.