Cash Management System Market Scope
Cash is an important component of current assets and is most essential for business operations. The management of cash is important as it gives an overview of a company’s short-term liquidity situation. It can also provide information on the development of the company’s mid-term liquidity in the near future. In order to resolve the uncertainty about cash flow prediction and lack of synchronization between cash receipts and payments, the large as well as small & medium-size businesses have adopted cash management systems. In addition, the government support for cashless transaction practice has majorly encouraged the demand for the cash management system market.
According to AMA, the Global Cash Management System market is expected to see growth rate of 14.41%Due to the presence of numerous local and regional competitors, the market for cash management systems is extremely competitive and fragmented. The strategic tactics used by the top firms to increase their brand visibility among consumers are highlighted, with a focus on mergers, expansions, acquisitions, partnerships, and new product development. Research Analyst at AMA estimates that United States and European Players will contribute to the maximum growth of Global Cash Management System market throughout the predicted period.
Oracle Corporation (United States), HCL Enterprises (United States), Giesecke+Devrient GmbH (Germany), Glory Ltd. (Japan), Sage Intacct, Inc. (United States), Infosys Limited (India), Sopra Steria Group SA (France), National Cash Management Systems (United States), Aurionpro Solutions Limited (India), Alvara Cash Management Group AG (Germany), Ardent Leisure Management Limited (Sydney), Intimus International Group (Germany), Vista Equity Partners (United States) and Finastra (United Kingdom) are some of the key players that are part of study coverage.
Segmentation Overview
The study have segmented the market of Global Cash Management System market , by Application (Balance & Transaction Processing, Cash Flow Forecasting, Corporate Liquidity Management, Payables & Receivables and Others) and Region with country level break-up.
On the basis of geography, the market of Cash Management System 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).
Influencing Trend:
Adoption of Cashless Transactions Globally
Market Growth Drivers:
Demand for Easy and Effective Cash Management Processes, Increasing Use of Software-as-a-Service (SaaS) and Cloud Technology and Benefit of Multi-Channel Access
Challenges:
High Initial Investment to Incorporate with New Technologies
Restraints:
May Have Software Incompatibility Issues
Opportunities:
Growing Adopting Cash Management Systems, Adoption of Smart and Safe Solutions in Businesses and Increasing Demand for e-Cash Management System
Market Leaders and their Expansionary Development Strategies
In October 2019, Glory acquired 53% stake in Cash Payment Solutions GmbH, a bank-independent payment infrastructure. This acquisition was aimed to strengthen Glory’s position financially and strategically.
In November 2019, Finastra collaborated with United Arab Bank to use Finastra’s Fusion Corporate Channels and Fusion Cash Management products. These products were made available to access for United Arab Bank’s customers.
Key Target Audience
New Entrants/Investors, Analysts and Strategic Business Planners, Cash Management System Providers, Cloud Service Providers, Dealers, Suppliers, Traders, and Distributors, Venture Capitalists and Private Equity Firms, Government Regulatory and Research Organizations and End Use Industry
About Approach
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 the total available market.