DualEntry Launches $6M Fund to Pay Companies to Leave Legacy ERP Vendors

The global ERP market generated $64.8 billion in revenue in 2024, according to Grand View Research. Much of this is driven by renewals and incremental upgrades, not system replacements.

That dynamic is now being challenged.

DualEntry – which is backed by $100M+ from Lightspeed Venture Partners, Khosla Ventures, and GV (Google Ventures) – has launched a $6 million ERP Rescue Fund to cover the remaining subscription costs for companies stuck in legacy ERP contracts. 

The goal is to cut out the financial penalty that keeps finance teams tied to systems they've outgrown.

The lock-in economics

ERP dissatisfaction is well-documented, but switching systems isn’t the norm. 

Gartner research predicts that, by 2027, more than 70% of recently implemented ERP initiatives will fail to fully meet their original business goals. Findings from Gartner Reports and CIO.com show that only around 30% of ERP projects are completed on time and within budget. Panorama Consulting's 2025 ERP Report found that organizations see average cost overruns of 189%, with discrete manufacturing environments exceeding 200%.

These outcomes create a deterrent against switching. Once a system is live, most companies decide that sticking with it is safer than reopening a multi-quarter implementation effort. ERP replacement projects typically take 9-18 months, making them extremely disruptive for finance teams. 

Why the pressure is on now

In Gartner’s 2025 AI in Finance Survey, 59% of finance leaders reported that their functions were using AI in 2025 – essentially unchanged from the 58% adoption rate in 2024, which followed a rapid rise from 37% in 2023.

But most ERP systems were built long before AI, cloud-native infrastructure, or real-time data access were realistic defaults. Now, finance teams are being asked to move faster and operate leaner while running on systems designed for a different era. CFOs are facing mounting pressure to modernize without disrupting operations.

How the Rescue Fund works

If a company wants to move off a legacy ERP but is locked into a long-term contract, DualEntry will cover the remaining subscription cost as part of the transition. The Rescue Fund is applied as a direct credit toward a DualEntry contract, offsetting the remaining term of a company’s existing ERP subscription. The fund is allocated on a first-come basis and targets mid-market companies currently paying for outdated ERP systems that are no longer serving them. 

For context: a mid-market company paying $150,000 in annual ERP subscription fees could qualify for full coverage of their remaining contract term – removing the single biggest financial barrier to switching to a modern, automated platform. 

By ending the pain of long-term contracts and migration costs, the Rescue Fund is flipping the incentive structure that’s historically kept ERP customers in place.

"ERP vendors have relied on switching costs as a retention strategy for decades. We're removing that lever entirely," says Santiago Nestares, co-founder and CEO of DualEntry.

About DualEntry

DualEntry is an AI-native ERP focused on modernizing financial operations for mid-market and growth-stage companies. The company raised a $90 million Series A in October 2025, co-led by Lightspeed Venture Partners and Khosla Ventures, bringing total funding to over $100 million to date.

Media contact: contact@dualentry.com

Additional resources:

• ERP Rescue Fund application: dualentry.com/rescue‍
• DualEntry funding announcement: dualentry.com/funding-announcement