Nearly every category has been revolutionized by software: sales, design, ecommerce. The list goes on.
Meanwhile, accounting has been stuck languishing with software built in the 1990s.
There are likely billions of dollars in productivity trapped behind unusable ERP interfaces. In 2025, 50% of all ERP implementations are expected to fail, often costing three to four times their initial budget.
There has to be a better way.
AI represents a fundamental transformation in how underlying business data can be leveraged. But legacy ERPs were built with a Web 1.0 mentality and struggle with simple software integrations, like Salesforce, let alone massive transformations with AI. On top of that, there is limited incentive for ERPs to make their software simpler because integration partners can make billions of dollars in consulting revenue.
The solution is to reinvent the ERP from the ground up with AI at the center. And who better to do it than founders who have already scaled a business to over $100 million in revenue, while straining under the burden of the broken ERP system?
Santi Nestares and Ben Dohmen are two such founders, and are bringing their company, DualEntry, out of stealth, with a Contrary-led seed and a $90 million Series A from Lightspeed Venture Partners, Khosla Ventures, and GV.
When we first met Ben and Santi, one thing was clear. This wasn’t a founder in search of a problem. This was a fundamental error they saw in the world that demanded correcting. There needed to be an AI-native ERP. Rather than an accounting widget or an ecosystem plug-in, they built DualEntry from a fundamental first principle: the general ledger is the heart of every business. Any fundamental revolutions within business operations would first have to wrestle with that reality.
DualEntry’s approach is simple. A new-age, AI-native ERP built from scratch with the general ledger at the center of the product. Already, the company has seen customers like one who is able to manage $100 million in revenue with only one finance person.
The ERP revolution has begun.
To learn more about DualEntry and the ERP revolution, read our memo on Contrary Research here, and see the team’s announcement here.
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