Report Overview

Account Receivable Automation Market: Overview

Accounts receivable (AR) automation assistances corporations improve their consumer invoicing and payment processes. It aims to ensure that consumer’s remuneration for the goods or services they utilized. AR automation is used to update the monetary transactions between an enterprise and its consumers. It is mostly used by accountants and the employees, managers, and executives. AR automation streamlines the processing of huge volumes of consumer invoices, which significantly decreases the time of auditors spending in the collection of payments from consumers. It also helps to raise the accuracy of invoicing and expenditures processes, which has an optimistic impact on the cash flow of the organization and its productivity. From a compliance perspective, AR automation offers valuable statistics for the groundwork of supervisory financial reporting.

AR automation generally delivered as a distinct solution providing progressive functionality. It is consequently crucial to be able to incorporate AR automation software with accounting solutions and modules of ERP systems. Medium to large corporations also benefits from incorporation with corporate performance management (CPM) software.

Account Receivable Automation Market forecast and Trends

Account Receivable Automation Market is projected to reach USD 2.9 billion by 2025 and witness a significant CAGR of 13.9% during 2019-2025. Rising focus on the enhancement of cash flow and decreased accounting cycle period are the main factors boosting the growth of the accounts receivable automation market.

Growth Drivers

Reduced Expenditures of Payment Processing 

AR automation help to reduce overhead and permits to focus instead on more deliberate tasks such as handling exceptions to the payment process, pre-empting payment problems, and other customer service-related issues.

Faster Invoicing and Payments

AR Automation offers e-invoices that accessible for consumers to pay directly. This eradicates delays in payments and saves the time of auditing. It helps to speed up invoicing and manage the customer’s base transactions. 

Restraints

The higher cost of Account Receivable software

To increase the efficiency and continuous technological innovations in the systems are adding further cost to the software. The high implementation cost of software is expected to hinder the growth of the Account Receivable Automation Market. 

Accounts Receivable Automation Market: Component Analysis

Based on Component, market segmented into Services and Solution. The solution component is the fastest growing market segment at a CAGR of XX% over the forecast period. Accounts receivable automation offers a wide range of solutions to the organizations that include faster collections, reduced DSO (Days sales outstanding), E-billing solutions, etc. all such features are accelerating the market demand and anticipate to witness momentous growth in coming years.

Accounts Receivable Automation Market: Organization Size Insights

Based on Organization Size, the market divided into Large Enterprises, Small, and Medium-Sized Enterprises. Large enterprises segment is holding the largest market shares over the forecast period. In large enterprises, automation allows resilient internal controls, better-quality, significantly decreased faults such as duplicate payments, overpayments, and fraudulent payment. Digitized invoice features of AR solutions eradicate key process bottlenecking &inadequacies and do away from paper processing

Accounts Receivable Automation Market: Deployment Type analysis

Based on the deployment type, the market segmented into the On-Premises and Cloud. The on-premise deployment type is the leading segment and anticipated to grow at a substantial growth rate over the forecast period. On-premise is preferred by most of the enterprise as it offers full control over infrastructure and assets. Organizations are apprehensive about Cyber-attacks, data privacy, and security which is eradicated by On-premise deployment. All such concerns of organizations are expected to hinder the growth of the cloud deployment market in the coming years.

Accounts Receivable Automation Market: Industry Insights

Based on industry, BFSI, IT & Telecom, Consumer Goods & Retail, manufacturing, and others. The manufacturing industry is the fastest-growing segment and witnessing substantial growth over the forecast period. Enterprises are looking for systems to reduce the load of payment collection by implementing adequate solutions that outcome in the improvement of accounts receivable. Accounts receivable automation is one of the trends that various corporations have initiated to implement with the increase of the automation technology.

Accounts Receivable Automation Market: Regional Insights

Geographically, the market is segmented into North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America. Asia-Pacific is the leading region and showcasing significant growth during the forecast period. Increased demand for secured and automated payments process is expected to boost the market. AR automation permits organizations to elude numerous of the minor human faults and helps to improve customer services.

The objective of the Study:

·         To analyze and forecast the accounts receivable automation market size of the market, in terms of value.

·      To examine the careful market segmentation and forecast the market size, in terms value, based on the region by segmenting the Accounts receivable automation market into five regions, namely, North America, Europe, Asia Pacific, Middle East, South America and their leading countries.

·         To outline, categorized and forecast the accounts receivable automation market based on the type and Application.

·    To examine competitive developments like technological advancement, services, and regulative framework within the accounts receivable automation Market.

·         To highlight the impact analysis of the factors, affecting the market dynamics such as drivers, restraints, opportunities, and challenges.

·      To strategically profile the key players and comprehensively analyze their market shares along with detailing the competitive landscape for market leaders.

Scope of the Report

By Component:

·         Solution

·         Services

By Organization Size

·         Large enterprises

·         Small and Medium-sized Enterprises (SMEs)

By Industry:

·         BFSI

·         Manufacturing

·         Consumer goods and retail

·         Others

By Region:

·         North America

·         Europe

·         Asia-Pacific

·         Middle East and Africa

·         Latin America

Competitive Landscape

·         Oracle

·         SAP

·         Sage

·         Bottomline Technologies

·         Workday

·         Comarch

·         Esker

·         Kofax

·         YayPay

·         HighRadius

·         FinancialForce

·         Other Prominent Players

Business Questions answer by the report

·         How will the market drivers, restraints and opportunities affect the market dynamics?

·         What will be the market size in terms of value and volume and market statistics with a detailed classification?

·         Which segment dominates the market or region and one will be the fastest growing and why?

·         A comprehensive survey of the competitive landscape and the market participant players

·         Analysis of strategy adopted by the key player and their impact on other players.

Customization Scope for the Client

Client satisfaction is our first and last priority and that’s why BlueWeave Consulting offers customization according to Company’s specific needs. The following customization options are available for the report:

Additional Company Information

·         With five additional company detail analysis

·         Additional country analysis

·         Detailed segment analysis

1.    Research Framework

1.1. Research Objective

1.2. Product Overview

1.3. Market Segmentation

2.    Research Methodology

2.1. Qualitative Research

2.1.1.   Primary & Secondary Sources

2.2. Quantitative Research

2.2.1.   Primary & Secondary Sources

2.3. Breakdown of Primary Research Respondents, By Region

2.3.1.   Secondary Research

2.3.2.   Primary Research

2.4. Breakdown of Primary Research Respondents, By Industry Participants

2.5. Market Size Estimation

2.6. Assumption for the Study

2.7. Market Breakdown & Data Triangulation

3.    Executive Summary

4.    Account Receivable Automation Market - Industry Insights

4.1. Industry Impact and Forces

4.1.1.   Growth Drivers

4.1.2.   Challenges

4.1.3.   Opportunities

4.2. Competitor Analysis, 2018

4.2.1.   Company Shares

4.3. Industry Value Chain

4.4. Porter Five Forces

4.5. Strategic Outlook

4.6. Technological Landscape

5.    Account Receivable Automation Market Overview

5.1. Market Size & Forecast

5.1.1.   By Value (USD)

5.2. Market Share & Forecast

5.2.1.   By Component

5.2.1.1.       Solution

5.2.1.2.       Services

5.2.2.   By Organization Size 

5.2.2.1.       Large Enterprises

5.2.2.2.       SME (Small And Medium-Sized Enterprises)

5.2.3.   By Deployment Type

5.2.3.1.       On-Premises

5.2.3.2.       Cloud

5.2.4.   By Industry

5.2.4.1.       BFSI(Banking, financial services and insurance)

5.2.4.2.       IT & Telecom

5.2.4.3.       Consumer Goods & Retail

5.2.4.4.       Manufacturing

5.2.4.5.       Others

5.2.5.   By Region

5.2.5.1.       North America

5.2.5.2.       Europe

5.2.5.3.       Asia Pacific

5.2.5.4.       Latin America

5.2.5.5.       Middle East and Africa

6.    North America Account Receivable Automation Market

6.1. Key Regional Trends

6.2. Market estimates & forecast

6.2.1.   By Component

6.2.2.   By Organization Size

6.2.3.   By Deployment Type

6.2.4.   By Industry

6.2.5.   By Country

6.2.5.1.       U.S

6.2.5.2.       Canada

7.       Europe Account Receivable Automation Market

7.1. Key Regional Trends

7.2. Market estimates & forecast

7.2.1.   By Component

7.2.2.   By Organization Size

7.2.3.   By Deployment Type

7.2.4.   By Industry

7.2.5.   By Country

7.2.5.1.       Germany

7.2.5.2.       U.K

7.2.5.3.       France

7.2.5.4.       Italy

8.    Asia Pacific Account Receivable Automation Market

8.1. Key Regional Trends

8.2. Market estimates & forecast

8.2.1.   By Component

8.2.2.   By Organization Size

8.2.3.   By Deployment Type

8.2.4.   By Industry

8.2.5.   By Country

8.2.5.1.       China

8.2.5.2.       India

8.2.5.3.       Japan

8.2.5.4.       South Korea

9.    Latin America Account Receivable Automation Market

9.1. Key Regional Trends

9.2. Market estimates & forecast

9.2.1.   By Component

9.2.2.   By Organization Size

9.2.3.   By Deployment Type

9.2.4.   By Industry

9.2.5.   By Country

9.2.5.1.       Brazil

9.2.5.2.       Argentina

9.2.5.3.       Mexico

10. Middle East & Africa Account Receivable Automation Market

10.1.             Key Regional Trends

10.2.             Market estimates & forecast

10.2.1. By Component

10.2.2. By Organization Size

10.2.3. By Deployment Type

10.2.4. By Industry

10.2.5. By Country

10.2.5.1.    Saudi Arabia

10.2.5.2.    UAE

10.2.5.3.    South Africa

11. Company Profiles

11.1.             Oracle

11.1.1. Company Overview

11.1.2. Financial Matrix

11.1.3. Key Product landscape

11.1.4. Key Personnel

11.1.5. Key Competitors

11.1.6. SWOT

11.1.7. Contact Address

11.1.8. Strategic Outlook

11.2.             SAP

11.3.             Sage

11.4.             Bottomline Technologies

11.5.             Workday

11.6.             Comarch

11.7.             Esker

11.8.             Kofax

11.9.             YayPay

11.10.          HighRadius

11.11.          Financial Force

11.12.          Other Prominent Players

12. Strategic Recommendation

*Financial Details Not Be Captured in Case of Unlisted Companies

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable