Accounts Receivable Automation Market Research Report Segmented by Applications, Geography, Trends and Projection 2025-SAP SE, Oracle Corporation, SK Global Software, YayPay Inc

Accounts Receivable Automation Market by Component, Application, Services, and Region- Forecast to 2025

The Global Accounts Receivable Automation Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Accounts Receivable Automation business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Accounts Receivable Automation worth chain and its wholesaler examination. Accounts Receivable Automation Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The global accounts receivable automation market (henceforth, referred to as the market studied) was valued at USD 1,676.6 million in 2019, and is projected to be worth USD 3,433.40 million by 2025, registering a CAGR of 12.66% during the period of 2020-2025.

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Top Leading Companies of Accounts Receivable Automation Market are SAP SE, Oracle Corporation, SK Global Software, YayPay Inc., Kofax Inc., Workday, Inc., Netsend (Corcentric LLC), HighRadius Corporation, Qvalia AB, Vanguard Systems, Inc., Bill.com, LLC (Size of the Organization), Comarch SA_, Esker Inc. _ and others.

-Industry News And Updates on Accounts Receivable Automation Market-

Asia-Pacific to Witness Highest Growth

- Asia-Pacific is expected to witness robust growth owing to the growing need for automating day-to-day operational processes. Due to the increasing demand for precise accounting procedure management and timely processing of payment processes from customers, accounts receivable automation is adopted by enterprises in the region to boost payment collection._

- The accounts receivable automation market in the region has gained traction, due to the increasing demand for automated and secured payable processes. The use of automated accounts receivable solution allows organizations to successfully drive the transformation of their accounts receivable departments to overcome the challenges of manual and paper-based processes.

-Key Market Trends Accounts Receivable Automation Market-

BFSI Industry Expected to Exhibit Significant Adoption

- Automation in the banking industry helps the financial institutions in simplifying their operations, minimizing the operation costs, and optimizing their credit collection process, by automating the repetitive and time-taking backend tasks. It also helps the industry to evolve and eliminate redundant processes, and improve the credibility of the financial institutions. It further helps the institutions to deploy its valuable resources to various other important value-added projects and tasks where the involvement of humans is inevitable._

- Process Automation is widely adopted in the BFSI sector as it automated transactional tasks at scale, such as processing invoices, data entry, reporting, cash collection, credit collection, payment to vendors, and many more._ Recently, HSBC deployed Treasury APIs, which enables the treasurers to initiate, track and complete transactions efficiently and by enhancing visibility.

-Competitive Landscape On Accounts Receivable Automation Market-

June 2020 - Kofax Inc. launched its new Trade Finance Solution, low-code, configurable framework built on the Kofax Intelligent Automation platform. It accelerates end-to-end automation of trade finance workflows. The solution automates the processing of paper and electronic trade transaction documents enabling banks and other financial institutions to improve efficiency, enhance compliance and reduce processing times._

- May 2020 - Deutsche Brse AG and SAP SE entered a strategic partnership to advance digitalization and standardize the IT systems of the stock market operator and market structure provider. The common goal is to develop a framework for the secure use of cloud-based SAP services that satisfies the high regulatory requirements of the financial sector.

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