ERP and general ledger software: 14 vendors compared

The ledger is the system of record, and it is being fought over from both ends. NetSuite, Sage Intacct and Business Central hold the mid-market; QuickBooks and Xero hold small business; and a new set of AI-native ERPs, led by Rillet, Campfire, Light and Lensing, has raised more than $500 million to take the companies in between. Odoo competes with all of them on price. Every vendor below has a full profile.

The vendors

Startups first, ordered by funding raised, then the established vendors they compete with

PennylaneStartup · $460m raisedFrench accounting and financial management platform used by 350,000 companies and their accountants, built as a shared ledger between business and firm, with e-invoicing and AI at the centre of its 2026 push across Europe.→RilletStartup · $200m raisedAI-native general ledger and ERP for software and technology companies, built to replace QuickBooks at the low end and NetSuite at the high end, with automated revenue recognition, close and consolidation.→Lensing AIStartup · $140m raisedAI-native ERP for SaaS and multi-entity companies, built over five years in stealth by the architects of SAP HANA and launched in January 2025 with $140m, formerly Everest Systems.→DossStartup · $73m raisedAdaptive resource platform for mid-market consumer brands: inventory, procurement, orders, billing and production planning in one system that plugs into the general ledger rather than replacing it.→LightStartup · $43m raisedCopenhagen AI-native finance platform replacing legacy ERPs for fast-growing multi-entity companies: accounting, tax, payments and reporting across countries and currencies in one system.→QuantaStartup · $20m raisedAI-native general ledger with granular subledgers that produces real-time books for software companies from their Brex, Mercury and Stripe data, founded by two former Affirm engineers and backed by Accel.→TranslucentStartup · $10m raisedMulti-entity accounting layer that sits on top of Xero, QuickBooks and Sage: group consolidation, intercompany reconciliation, prepayments and deferred revenue for companies running several ledgers, founded by the co-founder of Dext.→CampfireStartupAI-native ERP for growing technology companies: general ledger, bank reconciliation, invoicing and revenue accounting, the step up from QuickBooks or Xero and the way out of NetSuite.→DualEntryStartupAI-native ERP that launched from stealth with a $90m Series A, automating 90% of finance teams' manual work; $100bn of journal entries processed.→DigitsAutonomous general ledger and AI accounting agents for startups and the firms that serve them, built by the founders of Crashlytics and backed by Benchmark, SoftBank and GV; revenue grew elevenfold in 2024.→Microsoft Dynamics 365 Business CentralMicrosoft's ERP for small and mid-sized companies, descended from Navision, sold through a partner channel and priced per user; Copilot features arrive through Microsoft 365 rather than as a separate AI product.→NetSuiteThe original cloud ERP, owned by Oracle since 2016, with tens of thousands of mid-market customers; the system every AI-native ERP startup names as the one it wants to replace, and now shipping its own bundled AI close and matching features.→OdooOpen source business suite from Belgium covering accounting, invoicing, inventory, CRM, HR and e-commerce in one system, with a free community edition and a paid cloud version, valued above EUR 7bn in 2026.→Sage IntacctCloud financial management for mid-sized organisations, strongest in multi-entity companies, SaaS and non-profits; built in San Jose as Intacct, owned by Sage since 2017 and now carrying Sage Copilot AI in every subscription.→

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Updated September 2026 · Part of Accountio’s accounting technology coverage