How is DualEntry revolutionizing ERP for finance teams?

DualEntry, an enterprise software startup founded by Santiago Nestares and Ben Sharf, has raised $90 million in a Series A funding round led by Lightspeed Venture Partners and Khosla Ventures, with participation from GV (Google Ventures). The funding values the company at $415 million.

DualEntry develops enterprise resource planning (ERP) software designed for financial management, reporting, and data migration. Its core feature, NextDay Migration, transfers historical financial data from legacy systems to DualEntry’s platform within 24 hours, a process that typically takes several months and incurs significant consulting fees.

The platform includes automated reconciliation, anomaly detection, and intercompany elimination workflows, which the company says reduce manual intervention and speed up accounting cycles.

CEO Santiago Nestares said, “The first attempt to implement an ERP failed and, once it was finally up and running, it was clunky, slow, and impossible to customize. Most of our finance team's time was spent in the outdated ERP manually entering data. We built DualEntry to get businesses of any size and complexity live in 24 hours, migrating their data quickly with AI-powered mapping — adding value from day one”.

The company said it will use the proceeds to expand product development, grow its 40-person workforce, and support international expansion. Executives noted that additional hires will include software engineers, finance specialists, and customer success personnel to support growing adoption across multiple regions.

Streamlined Features Drive Early Adoption

DualEntry provides a full ERP accounting suite covering general ledger, accounts receivable, accounts payable, bank connections, audit controls, and FP&A, supporting multi-entity, multi-book, and multi-currency accounting. The system integrates with over 13,000 banks and offers automation for reconciliation, intercompany allocations, eliminations, anomaly detection, and more.

It also provides live dashboards and reporting tools designed to give finance teams real-time insights into cash flow, transaction volumes, and intercompany balances.

Customers' use cases report early adoption. Slash, a banking platform with more than $100 million in annual recurring revenue, manages its finance operations with a single controller using DualEntry.

Trillion Digital, a trading firm handling multiple entities and currencies, reported reducing its month-end close from 15 days to one day.

Since its launch, DualEntry said the platform has processed more than $100 billion in journal entries across a diverse customer base, including mid-market companies and publicly listed firms. The company also tracks performance metrics such as transaction accuracy and implementation times, which it uses to continuously improve workflow automation and minimize human error.

Nestares stated, “We built DualEntry because we've felt your pain. Our founders, Ben and I, grew our previous business to $100M ARR and experienced firsthand the challenges of scaling with legacy ERP systems. DualEntry is designed to give finance teams their time back while keeping accounting accurate and compliant”

Scaling Operations Amid a $500 Billion ERP Market

The global ERP market is estimated at $500 billion. Many legacy ERP systems rely on manual configuration and external consulting for implementation, making updates costly and time-consuming. DualEntry said its platform automates workflows to reduce these dependencies and supports faster financial close cycles and real-time reporting.

The company is focused on scaling operational capacity, strengthening its integration layer, and maintaining audit readiness across deployments.

Nestares emphasized that the platform is built to handle growth from mid-market businesses to publicly listed firms without requiring separate IT support or third-party implementation consultants.

DualEntry said it continues to expand its customer base while supporting compliance with accounting, tax, and audit standards across multiple regions. The funding will support the next phase of product development and operational expansion.