Accounts Receivable Automation Market 2019 Competitive Analysis: Oracle, Sap SE, Workday, Inc., Bottomline Technologies (de), Inc., Comarch SA , HighRadius

Global Accounts Receivable Automation Market

Global Accounts Receivable Automation Market By Component (Solution, Services), Organization Size (Small and Medium Enterprises, Large Enterprises), Deployment Type (On-Premises, Cloud), Industry (BFSI, IT & Telecom, Manufacturing, Consumer Goods & Retail, Healthcare, Energy & Utilities, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026

Global Accounts Receivable Automation Market is expected register a healthy CAGR of 12.6% in the forecast period of 2019-2026. The growing adoption of automation in the existing business process along with the growing focus on streamlining the financial transactions amongst the company’s and its consumers systems’ is expected to grow the market.

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Some of the major competitors currently working in global accounts receivable automation market are Oracle, Sap SE, Workday, Inc., Bottomline Technologies (de), Inc., Comarch SA , HighRadius, FinancialForce, Esker, Emagia Corporation,  YayPay Inc., VersaPay Corporation, KOFAX,Inc., Office Torque, Swiss Post Solutions Inc., API Outsourcing Inc, Anytime Collect, numberz, OnPay Solutions,  Qvalia AB, MYOB Technology Pty Ltd. among others.

Market Definition: 

Accounts receivable automation can be defined as the automation machine which eliminates human intervention in managing the balance sheet. It automates the cash receivable procedures of organizations. The major advantages of these solution is that it help capturing an AR invoice from the ERP/Core account application; also allow the printing of physical invoices for clients who not ready to accept invoices by email. It also speeds up the workflow, saves time by effortlessly sharing the data through the cloud

Market Drivers:

  • Growing focus towards improvement of cash flow and reduction in days sales outstanding is expected to drive the growth of the market
  • Growing  focus on reducing accounting cycle time is expected to drive the growth of the market
  • Factors like efficiency of payment process can be enhanced by using accounts receivable automation; this is another factor boosting the market growth

Market Restraints:

  • Huge involvement of cost for upgrading existing solution  is expected to restrict the growth of the market
  • Lack of awareness among  enterprises for automation of Accounts Receivable Processes acts as another market restraint
  • Reluctance of enterprises towards automating their accounts receivable processes can also restrict the market growth

Table of Content: Global Accounts Receivable Automation Market

Part 01: Executive Summary

Part 02: Scope of The Report

Part 03: Global Accounts Receivable Automation Market Landscape

Part 04: Global Accounts Receivable Automation Market Sizing

Part 05: Global Accounts Receivable Automation Market Segmentation By Product

Part 06: Five Forces Analysis

Part 07: Customer Landscape

Part 08: Geographic Landscape

Part 09: Decision Framework

Part 10: Drivers And Challenges

Part 11: Market Trends

Part 12: Vendor Landscape

Part 13: Vendor Analysis

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By Component

  • Solutions
  • Services

By Organization Size

  • Large Enterprises
  • Small and Medium Enterprises

By Industry Vertical

  • Banking, Financial Services and Insurance
  •  IT and Telecom
  • Manufacturing
  • Consumer Goods and Retail
  • Healthcare
  • Energy and Utilities
  • Others

By Deployment Type

  •  Cloud
  • On-Premises

By Geography

  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • Italy
    • U.K.
    • France
    • Spain
    • Netherlands
    • Belgium
    • Switzerland
    • Turkey
    • Russia
    • Rest of Europe
  • Asia-Pacific
    • Japan
    • China
    • India
    • South Korea
    • Australia
    • Singapore
    • Malaysia
    • Thailand
    • Indonesia
    • Philippines
    • Rest of Asia-Pacific
  • South America
    • Brazil
    • Argentina
    • Rest of South America
  • Middle East and Africa
    • Saudi Arabia
    • UAE
    • South Africa
    • Egypt
    • Israel
    • Rest of Middle East and Africa

Key Developments in the Market:

  • In August 2018, VersaPay Corporation had launched accounts receivable automation mobile app.  With this mobile app businesses will be able to streamline their customer invoice payment solutions with a self-service portal. This solution will further help the business to gain customer response at high rate
  • In December 2016, YayPay had launched enterprise-level accounts receivable automation software, named as YayPay 2.0. This launch will enhance the cash flow for businesses by equipping the customers with the right automated tools. This new software  will provide businesses with powerful tools including automated workflows, an intelligent CRM, and predictive cash flow analytics

Competitive Analysis

Global accounts receivable automation market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of accounts receivable automation market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

Key Insights in the report:

  • Complete and distinct analysis of the market drivers and restraints
  • Key market players involved in this industry
  • Detailed analysis of the market segmentation
  • Competitive analysis of the key players involved

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