Accounts Receivable Automation Market Scope
Accounts Receivable Automation helps to manage various accounts receivable processes, including procurement, invoice processing and approval, payments, reporting and analysis, and vendor management. Accounts receivable automation allows organizations to go paperless and reduce collection costs and bad debts. Furthermore, accounts receivable automation solution vendors are offering solutions empowered with the capability of integrating with leading Enterprise Resource Planning (ERP) systems, credit bureaus, leading banks, and payment gateways.
The Accounts Receivable Automation market study is segmented and major geographies with country level break-up.
Numerous players are present in the market hence the fragmented nature of the market. Increasing adoption in numerous industries for better customer relationship management such as banking and finance. healthcare. IT and others generating lucrative opportunities for the players. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Accounts Receivable Automation market throughout the predicted period.
Sage (United Kingdom), Oracle (United States), SAP (Germany), Workday (United States), Bottomline Technologies (United States), Comarch (Poland), Bottomline Technologies, Inc. (United States), Comarch (Poland), Esker (United States), Kofax Inc. (United States), Zoho Corporation Pvt. Ltd. (India), HighRadius Corporation (United States) and FinancialForce (United States) are some of the key players that are part of study coverage. Additionally, the Players which are also part of the research are Emagia (United States), VersaPay Corporation (Canada), Rimilia (United Kindom) and Yaypay (United States).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
AdvanceMarketAnalytics has segmented the market of Global Accounts Receivable Automation market by Type, Application and Region.
On the basis of geography, the market of Accounts Receivable Automation has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
Market Leaders and their expansionary development strategies
In February 2020, Genpact and HighRadius announced a strategic partnership that will provide improvements to enterprise accounts receivable and bring together digital automation solutions powered by advanced machine learning and artificial intelligence.
In May 2020, HighRadius announced the launch of RadiusOne A/R Suite for mid-sized businesses. With simpler user experience and faster time-to-value, the solution reinforces HighRadius’ investment in innovation and vision to make Accounts Receivables automation a key catalyst for business growth., and In April 2019, Oracle NetSuite announced a series of new innovations within the NetSuite solution, including new industry cloud solutions. The latest updates to NetSuite include new analytics, commerce, financial, HR, marketing, project management, and supply chain capabilities.
- Advancement in Accounts Receivable Automation Solutions Powered with Artificial Intelligence
- Rising Demand for Technology to Improve Business Efficiency by Improving Cash Flow and Reduce Costs and Accounting Cycle Time
- Technology Development in Accounts Receivable Automation
- Growing Traction for Saas Solutions
- Hesitation of Enterprises Toward Automating Their Accounts Receivable Processes
- Encryption and Security Concerns
- Complex Invoicing and Payment Management Processes
Key Target AudienceAccounts Receivable Automation Provider, Technology Provider, End-User Industries, Government Bodies, Research Firm, Potential Investors, Technology Investors and Others
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Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
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