Global Accounts Receivable Automation Market: Industry Analysis and Forecast
Posted by shankar on February 28th, 2020
Global Accounts Receivable Automation Market has valued US$ XX Bn in 2018 and is expected to reach US$ 5.7 Bn by 2026, at a CAGR of around XX % during a forecast period.
Accounts receivable (AR) automation software helps companies optimize their consumer invoicing and payments processes. Main purpose is to confirm that customers pay for the goods or services they received. This type of software is used to streamline the financial transactions between a company and its consumers. It is used by accountants and the employees responsible for accounts receivable, but can also be used by managers and executives to track the effectiveness of the accounts receivable team or department.
AR automation simplifies the processing of large volumes of customer invoices, which can considerably reduce the time accountants spend collecting payments from consumers. It can also rise the accuracy of invoicing and payments processes, which has a positive impact on the cash flow of the company and its profitability. From a compliance perspective, AR automation offers valuable information for the preparation of regulatory financial reporting.
The report covers all the trends and technologies playing a major role in the growth of the accounts receivable market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during the forecast period.
Healthcare segment is expected to grow at the highest XX% CAGR during the forecast period. The healthcare industry is implementing and adopting new technologies to offer improved services to patients. Organizations in this industry require efficient payment acceptance technologies to streamline their operations and increase the customer experience. Accounts receivable automation solutions are being increasingly adopted by healthcare providers as they aid simplify the billing process.
The APAC accounts receivable automation market is projected to be the largest during the forecast period owing to the growing demand for automated and secured payable processes. An accounts receivable (AR) automation solution streamlines and drastically improves performance by using e-Invoicing, scanning, and workflow; mobile solutions; online tracking and reporting capabilities; electronic invoice dashboards and analytics for all invoices.
The reports cover major global players operating in the market for account receivable automation like Sage (UK) is one of the prominent providers of cloud business management solutions. The company offers the accounts receivable management software to allow organizations across industries to automate their cash receivable processes. The company also offers Sage Business Cloud Enterprise Management that manages finance, supply chain, and production operations.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding Global Accounts Receivable Automation Market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in Global Accounts Receivable Automation Market.
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About the Authorshankar
Joined: July 22nd, 2019
Articles Posted: 156
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