05-15-2019 01:06 PM CET - IT, New Media & Software
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Accounts Payable Software Market Outlook and Industry Analysis by Revenue and Growth Rate by Top Key Players – Freshbooks, Xero, Zoho, Intuit, Brightpearl, Sage

Press release from: Supply Demand Market Research


Accounts payable software refers to systems that are used for accounting and financial processes. These solutions range from basic single-entry apps for bookkeeping and check writing to advanced double-entry programs that offer a general ledger, and accounts payable and accounts receivable functionality. Sophisticated platforms offer fixed assets, invoicing, inventory and other advanced features. Accounts payable software can help your organization to get rid of manual tasks, keep your numbers accurate, save time by automating routine tasks, get reminders and notifications to avoid penalties and more. A good accounts payable software is essential for growing businesses.

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The accounts payable software is a type of accounts software, and some accounts software with accounts payable function is included in the report.

Accounts payable software is mainly used for two applications: SMEs, Large Enterprise and Others. SMEs segment was the most widely used area which took up about 72% of the global total in 2017. And SMEs segment is the fast growing market in the world at present.

Accounts payable software can be classified into Cloud/SaaS/Web Based type and Installed type. The revenue market of Cloud/SaaS/Web based accounts payable software took up more than 88% of the global market in 2017.

North America and Europe are the two largest consumption regions of accounts payable software in the world in the past few years and it will keep increasing in the next few years. North American and European market respectively took up about 48% and 27% the global market in 2017, while Asia-Pacific is about 19%.

In 2018, the global Accounts Payable Software market size was 1050 million US$ and it is expected to reach 1880 million US$ by the end of 2025, with a CAGR of 7.5% during 2019-2025.

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The following manufacturers are covered in this report:

Freshbooks

Xero

Zoho

Intuit

Brightpearl

Sage

FinancialForce

Tipalti

PaySimple

Acclivity Group

KashFlow Software and many more……

Market segment by Type, the product can be split into

Cloud/SaaS/Web Based

Installed

Market segment by Application, split into

SMEs

Large Enterprise

Others

The study objectives of this report are:

To analyze global Accounts Payable Software status, future forecast, growth opportunity, key market and key players.

To present the Accounts Payable Software development in United States, Europe and China.

To strategically profile the key players and comprehensively analyze their development plan and strategies.

To define, describe and forecast the market by product type, market and key regions.

We have a strong network of high powered and experienced global consultants who have about 10+ years of experience in the specific industry to deliver quality research and analysis. Having such an experienced network, our services not only cater to the client who wants the basic reference of market numbers and related high growth areas in the demand side, but also we provide detailed and granular information using which the client can definitely plan the strategies with respect to both supply and demand side.

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