Market Definition
Accounts receivable automation is the process of automating the accounts receivable process. This can include automating the invoicing process, automating the payment process, and automating the collections process. By automating the accounts receivable process, businesses can save time and money. Additionally, businesses can improve their customer service by providing their customers with more timely and accurate information.
Market Outlook
There are a few key trends in accounts receivable automation technology. One is the move towards cloud-based solutions. This is because cloud-based solutions are typically more affordable and easier to implement than on-premise solutions. Additionally, cloud-based solutions offer more flexibility in terms of scalability and features.
Another trend is the use of artificial intelligence (AI) and machine learning (ML) to automate various tasks within the accounts receivable process. For example, AI can be used to automatically identify and correct errors in invoices. ML can be used to predict customer payment behavior and to automatically generate payment reminders.
There are several key drivers of accounts receivable automation market. First, the ever-increasing complexity of financial operations and the need for real-time visibility into cash flow are pushing organizations to automate their accounts receivable processes.
Second, the implementation of stringent regulatory requirements, such as the Sarbanes-Oxley Act and the Dodd-Frank Wall Street Reform and Consumer Protection Act, is driving the need for greater transparency and control over financial data, which can be achieved through automation.
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Research Objectives
• Estimates and forecast the overall market size for the total market, across product, service type, type, end-user, and region
• Detailed information and key takeaways on qualitative and quantitative trends, dynamics, business framework, competitive landscape, and company profiling
• Identify factors influencing market growth and challenges, opportunities, drivers and restraints
• Identify factors that could limit company participation in identified international markets to help properly calibrate market share expectations and growth rates
• Trace and evaluate key development strategies like acquisitions, product launches, mergers, collaborations, business expansions, agreements, partnerships, and R&D activities
• Thoroughly analyze smaller market segments strategically, focusing on their potential, individual patterns of growth, and impact on the overall market
• To thoroughly outline the competitive landscape within the market, including an assessment of business and corporate strategies, aimed at monitoring and dissecting competitive advancements.
• Identify the primary market participants, based on their business objectives, regional footprint, product offerings, and strategic initiatives
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Market Segmentation
The Accounts Receivable Automation Market is segmented by deployment, organizational size, vertical, and region. By deployment type, the market is divided into cloud and on-premise. By organizational size, the market is bifurcated into SMEs and large enterprises. By vertical, the market is bifurcated into BFSI, information technology & telecom, manufacturing, healthcare, retail, and others. By region, the market is classified into North America, Europe, Asia-Pacific and rest of the world.
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Major Players
The key players in the Accounts Receivable Automation Market are Oracle, Vanguard Systems, SAP SE, Emagia Corp., Yapay Inc., Kofax Corp., Bottomline technologies, Workday Corp., IBM Corporation, and Microsoft.
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Research Scope
• Scope – Highlights, Trends, Insights. Attractiveness, Forecast
• Market Sizing – Product Type, End User, Offering Type, Technology, Region, Country, Others
• Market Dynamics – Market Segmentation, Demand and Supply, Bargaining Power of Buyers and Sellers, Drivers, Restraints, Opportunities, Threat Analysis, Impact Analysis, Porters 5 Forces, Ansoff Analysis, Supply Chain
• Business Framework – Case Studies, Regulatory Landscape, Pricing, Policies and Regulations, New Product Launches. M&As, Recent Developments
• Competitive Landscape – Market Share Analysis, Market Leaders, Emerging Players, Vendor Benchmarking, Developmental Strategy Benchmarking, PESTLE Analysis, Value Chain Analysis
• Company Profiles – Overview, Business Segments, Business Performance, Product Offering, Key Developmental Strategies, SWOT Analysis
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