Accounts Receivable Automation Market 2021 Strategic Assessment - SAP SE, Oracle Corporation, SK Global Software, YayPay Inc., Kofax Inc., Workday

The Global Accounts Receivable Automation Market report size 2021 present’s insights on the current and future development trends, global & regional scale, revenue growth, and profitability. The report also covers market share, production, challenges, constraints, drivers, and including different key players.

The Global “Accounts Receivable Automation Market” research report offers an overview of several major countries with key factors that are expected to market developments, dynamics, growth drivers, and business factors. The report present Key market segments valued based on Accounts Receivable Automation market size, growth rate and share. This report declares the historical and current market trends that are create the scope of the Accounts Receivable Automation industry. Also, it can provide an analysis of the impact of the Covid-19 pandemic that spread across various geographic regions over the globe. In detailed, the report delivers types of products, applications, end-users and countries, among others.

The Accounts Receivable Automation (A/R Automation) Market is expected to register a CAGR of approximately 12.69% during the forecast period (2020 - 2025).

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Top Companies in the Global Accounts Receivable Automation Market: 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, and Others.

Industry News and Update:

- March 2020 - Fuji Xerox expanded its partnership with the A/R automation provider Esker, to expand its Esker Accounts Receivable solution to the Asia-Pacific. This will enable the company to expand its global presence and strengthen its foothold globally.
- February 2020 - Genpact partnered with HighRadius to provide improvements to enterprise accounts receivable and jointly provide digital automation solutions powered integrated with advanced machine learning and artificial intelligence.
- November 2019 - DadeSystems, a fintech startup that offers accounts receivables automation solutions for organizations, raised a USD 9 million growth funding to grow its suite of solutions, collectively referred to as DadePay.

Key Market Trend:

BFSI Industry Expected to Exhibit Significant Adoption

- The retail industry is rapidly adopting automation in various processes, such as returns processing, workflow management, customer support management, accounting and finance, ERP management and marketing, and consumer behavior analysis. Also, it has been estimated that more than USD 2 trillion can be saved in a global workforce by automating almost half of the tasks performed by humans, especially in an emerging industry, like retail.
- Rapid growth in the e-commerce industry is an essential factor in the growth of the A/R Automation market, as online sales largely support and augment credit sales, further increasing the demand for effective accounts receivable processes.
- Online sales in the United States are expected to double, by 2023, reaching approximately 20 to 25% of the overall retail sector. According to The Census Bureau of the Department of Commerce, the estimate of US retail e-commerce sales for the fourth quarter of 2019, adjusted for seasonal variation, was USD 158.0 billion, which was an increase of 2.6% from the third quarter of 2019. Within the United Kingdom (UK), retail plays an essential role in shaping the economy and employs nearly 3 million people.
- In June 2019, HSBC launched Digital Accounts Receivable Tool (HSBC DART) simplifies and automates the flow of information between HSBC corporate clients and their customers in the receivables process. HSBC DART is expected to improve the supply chain, cut down on manual tasks, and enhance working capital efficiency for sellers. Such innovations and initiatives are expected to boost the adoption of A/R Automation tools in the Retail Industry.

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What Are The Market Factors That Are Explained In The Report?

Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.

Analytical Tools: The Global Accounts Receivable Automation Market Report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.

Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.

Frequently Asked Questions about Accounts Receivable Automation market:

–   Who are the key players operating in the Accounts Receivable Automation market?
–   Which is the leading segment in the market?
–   At What CAGR is the market projected to grow in the forecast period (2021-2025)?
–   What is the key factor driving the market?
–   Which data rates would lead the market during the forecast period?
–   Which region is expected to dominate the Accounts Receivable Automation market in the next five years?

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