Inside the 2025 Finance Stack: What 1,031 CFOs Are Actually Using

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✨Hey there, tech stackers! 🚀

🧠 Stack Report: 1,031 Finance Leaders Reveal What’s Actually in Their Tech Stack

CJ Gustafson just dropped a goldmine: The 2025 Tech Stack Report, with input from over 1,000 finance professionals. We’re talking about what real teams are actually using to run FP&A, ERP, cap tables, expense reporting, and more.

Let’s break down the highlights 👇

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💰 ERP Wars

• QuickBooks dominates ERP for companies under $25M ARR.

• NetSuite and Sage Intacct start taking over post-$25M.

• Workday is making moves at the enterprise level.

👉 If you're scaling, get ready—ERP migrations are part of the journey.

📊 FP&A: Still Spreadsheet-Centric

• Excel and Google Sheets run the show.

• Most companies don’t adopt a dedicated FP&A tool until they hit $100M+ in revenue.

• In the midmarket, Planful, Aleph, and Abacum are gaining traction.

• Adaptive Insights and Anaplan dominate among $1B+ enterprises.

👉 TLDR: Finance teams deserve better than spreadsheets.

💳 The Expense Wars: Ramp vs. Brex vs. Amex

• Ramp is leading in the sub-$100M ARR crowd.

• Brex is winning deals in the enterprise.

• Amex remains the gorilla in the room.

• Navan is gaining ground too, especially in travel + spend management.

👉 This one’s still shaking out. Keep watching.

🧾 Homegrown Invoicing Tools Won’t Die

• Even $500M+ companies are still using DIY systems 😬

• NetSuite and Sage Intacct lead in structured invoicing.

• But... some teams love to suffer and stay custom.

👉 The cockroach of finance stacks lives on.

✈️ Corporate Travel = Wild West

• 45% of companies between $50M–$100M let employees book their own trips.

• 28% of $100M–$500M do the same.

• Navan and TravelPerk are stealing share from Amex and SAP Concur.

👉 Finance teams are begging for fewer expense reports.

📜 Cap Tables: It’s Carta’s Game

• Carta owns 43%–60% market share in private cap table management for sub-$500M ARR companies.

• Shockingly, some $1B+ companies still run cap tables in... spreadsheets 🤯

👉 If that’s you, it’s time.

🤖 AI Prompt Tip

Use this to help founders and finance ops choose the right stack faster.

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If you're building or running a stack that others can learn from, reply to this email. We might include you in the next Tech Stacks drop.

Always remember,

Explore broadly
Not just SaaS or tech, but multiple disciplines.

Share ideas selflessly
Be willing to share your knowledge. Keep giving and it will come back to you.

Your stack is not going to save you
You are. So just build.

Go crush it,

Mark

Tech Stacks is human-compiled, edited, and designed.

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