Bernstein: AI pushes ERP from system of record to system of execution

Bernstein calls ERP a "structural inflection point" as AI shifts the market from systems of record toward workflow execution. Winners will be vendors that turn AI into controlled execution in mission-critical workflows rather than those with the flashiest AI demos.

• Bernstein: AI moves ERP from system of record to system of execution
• Key question is not who owns data but who controls enterprise work
• AI-native orchestration layers above ERP are the main competitive risk
• Monetisation shifts toward paying for workflow execution, not software access