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Worldwide Financial Applications Forecast, 2022–2026: CFOs Moving Beyond the Numbers

Publisher IDC
Published Jun 28, 2022
Length 17 Pages
SKU # IDC17287477

Description

Worldwide Financial Applications Forecast, 2022–2026: CFOs Moving Beyond the Numbers

This IDC study discusses the worldwide market for financial applications. The worldwide financial applications market increased in 2021 to reach $37.5 billion, with revenue increasing by 11% over 2020's $33.8 billion. The market for financial applications is being driven by the movement to the cloud for more efficient and effective financial management across the enterprise."The role of the CFO continues to change to include more challenges beyond accounting and finance. Environmental, social, and governance (ESG); hybrid working; and talent retention are all moving rapidly into focus for today's CFO. Going forward, software vendors looking to gain market share must enhance/highlight the elements within their solution that support CFOs as their challenges evolve beyond finance and accounting," says Kevin Permenter, research director, Financial Applications at IDC.

Please Note: Extended description available upon request.

Table of Contents

17 Pages
IDC Market Forecast Figure
Executive Summary
Advice for Technology Suppliers
Market Forecast
Market Context
Drivers and Inhibitors
Drivers
Digital Transformation
Convergence
Automation
Inhibitors
Supply Chain
COVID-19 Pandemic
Significant Market Developments
Scenarios/Use Cases
Procure-to-Pay Workflow
Quote-to-Cash Workflow
Record-to-Report Workflow
Changes from Prior Forecast
Market Definition
Financial Applications
Financial and Accounting
Accounts Payable
Accounts Receivable
Treasury and Risk Management
Travel and Expense Management
Corporate Tax Management
Methodology
Historical and Forecast Market Values and Exchange Rates
Related Research

Pricing

Currency Rates
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