Accounts Receivable Automation Market by Component (Solution and Services), Organization Size, Deployment Type, Industry (BFSI, IT & Telecom, Manufacturing, Consumer Goods & Retail, Healthcare, Energy & Utilities), and Region - Global Forecast to 2024

Accounts Receivable Automation Market by Component (Solution and Services), Organization Size, Deployment Type, Industry (BFSI, IT & Telecom, Manufacturing, Consumer Goods & Retail, Healthcare, Energy & Utilities), and Region - Global Forecast to 2024

The accounts receivable automation market is expected to grow at a CAGR of 12.1% during the forecast period due to the growing focus on the improvement of cash flow and reduction in days sales outstanding
The global accounts receivable automation market size is expected to grow from USD 1.7 billion in 2019 to USD 3.0 billion by 2024, at a Compound Annual Growth Rate (CAGR) of 12.1% during the forecast period. Growing focus on the improvement of cash flow and reduction in days sales outstanding and reduced accounting cycle time are the major factors driving the growth of the accounts receivable automation market.

The solution segment expected to hold a higher market share during the forecast period
Accounts receivable automation solutions are widely adopted by various end users, such as financial institutions, retail, manufacturing, healthcare providers, government agencies, and telecom and utilities to automate and improve their cash collection efficiency. Manual processes for accounts receivable processes are expensive, error-prone, and highly inefficient. The accounts receivable solution automates payment receivable processes and enables enterprises to maintain a vendor-supplier relationship. The accounts receivable automation solution offers visibility of entire accounts receivable processes such as invoicing, receipt, and timely payment collection management. Moreover, it can be easily integrated with the Enterprise Resource Planning (ERP), thereby providing enhanced ability to adopt changes and increase the efficiency of payment processes. Accounts receivable automation provides dashboards, account selections, compliance policies, routing rules, and approvals to deliver seamless proficiencies for an organization’s operation.

Cloud-based deployment type expected to have a significant growth in the accounts receivable automation market during the forecast period
Several vendors in the market are providing payment collection solutions through the public and private cloud. Cloud-based solutions are available in various subscriptions and pay-per-use models. Organizations are looking forward to having their solutions deployed on the cloud, as it offers various advantages, such as scalability, flexibility in capacity, enhanced collaboration, and cost-efficiency. The implementation of the cloud-based accounts receivable automation solution facilitates enterprises to focus on their core competencies, rather than IT processes. Cloud-based accounts receivable automation solutions are significantly gaining traction due to their unprecedented deployment flexibility benefits and global availability.

North America expected to have the largest market size during the forecast period
North America has been a frontrunner in adopting innovative technologies. The accounts receivable automation market in North America is competitive due to the presence of a large number of solution providers. The market in this region is already at a mature stage, and therefore, it is expected to witness slower growth as compared to the other regions. The well-developed economy in North America and the growing adoption of automation solutions are the key factors contributing to the growth of the accounts receivable automation market in this region. The enterprises operating in the region are increasing their IT spending to automate the financial process. Enterprises with a large volume of data and transactions have already realized the need for an accounts receivable automation solution to carry out error-free, on-time transactions. Metro cities, such as New York, San Francisco, and Washington, have a large pool of skilled accounts receivable automation professionals who use the accounts receivable automation solution to get on-time payments for achieving business growth. The US and Canada are the key countries considered for market analysis in this region.

In the process of determining and verifying the market size of several segments and subsegments gathered through secondary research, extensive primary interviews were conducted with key people. The breakup of the profiles of the primary participants is as follows:
• By Company: Tier 1 - 35%, Tier 2 - 45%, and Tier 3 - 20%
• By Designation: C-Level - 35%, Director Level - 25%, and Others - 40%
• By Region: North America - 45%, Europe - 20%, APAC - 30%, RoW - 5%

The major accounts receivable automation market vendors include Sage, Oracle, SAP , Workday, Bottomline Technologies, Comarch, Esker, Kofax, Zoho, HighRadius, FinancialForce, Emagia, VersaPay, Rimilia, and YayPay.

Research Coverage:
The report includes an in-depth competitive analysis of the key players in the accounts receivable automation market along with their company profiles, recent developments, and key market strategies. The report segments the accounts receivable automation market by component (solution and services), organization size (large enterprises, and small and medium-sized enterprises), deployment type (on-premises and cloud) verticals, and regions.

Key Benefits of Buying the Report:
The accounts receivable automation market has been segmented on the basis of components, organization size, deployment types, verticals, and regions.
The report will help the market leaders/new entrants in the accounts receivable automation market in the following ways:
1. The overall accounts receivable automation market revenue stream has been estimated based on the revenues generated by vendors, offering accounts receivable automation platform solutions and services, wherein services are inclusive of integration and deployment, support and maintenance, and consulting services, provided by professional service providers. Moreover, the services segment also includes revenues generated by Managed Service Providers (MSPs). The report provides the closest approximations of the revenue numbers for the overall market and the subsegments. The market numbers are split further into regions.
2. The report helps the stakeholders understand the pulse of the market and provides them with information on the key market drivers, restraints, challenges, and opportunities.
3. The report will help the stakeholders understand the competitors and gain more insights to better their market position. The competitive landscape section includes the competitor ecosystem, new product developments, partnerships, and mergers and acquisitions.


  • INTRODUCTION
    • OBJECTIVES OF THE STUDY
    • MARKET DEFINITION
    • MARKET SCOPE
      • MARKET SEGMENTATION
    • YEARS CONSIDERED FOR THE STUDY
    • CURRENCY CONSIDERED
      • Table UNITED STATES DOLLAR EXCHANGE RATE, 2016–2018
    • STAKEHOLDERS
  • RESEARCH METHODOLOGY
    • RESEARCH DATA
      • SECONDARY DATA
      • PRIMARY DATA
    • MARKET BREAKUP AND DATA TRIANGULATION
    • MARKET SIZE ESTIMATION
      • TOP-DOWN APPROACH
      • BOTTOM-UP APPROACH
    • MARKET FORECAST
      • Table FACTOR ANALYSIS
    • ASSUMPTIONS FOR THE STUDY
    • LIMITATIONS OF THE STUDY
  • EXECUTIVE SUMMARY
  • PREMIUM INSIGHTS
    • ATTRACTIVE MARKET OPPORTUNITIES IN THE ACCOUNTS RECEIVABLE AUTOMATION MARKET
    • ACCOUNTS RECEIVABLE AUTOMATION MARKET IN NORTH AMERICA, BY INDUSTRY AND COUNTRY, 2019
    • ACCOUNTS RECEIVABLE AUTOMATION MARKET: MAJOR COUNTRIES
  • MARKET OVERVIEW AND INDUSTRY TRENDS
    • INTRODUCTION
    • MARKET DYNAMICS
      • DRIVERS
      • RESTRAINTS
      • OPPORTUNITIES
      • CHALLENGES
    • USE CASES
      • YAYPAY
      • VERSAPAY
      • HIGHRADIUS
  • ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT
    • INTRODUCTION
      • Table ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
    • SOLUTION
      • INCREASING NEED TO REDUCE TIME AND ERRORS IN ACCOUNTS RECEIVABLE WORKFLOW DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION
        • Table SOLUTION: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • SERVICES
      • Table SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY TYPE, 2017–2024 (USD MILLION)
      • Table SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
      • CONSULTING AND IMPLEMENTATION
        • Table CONSULTING AND IMPLEMENTATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
      • SUPPORT AND MAINTENANCE
        • Table SUPPORT AND MAINTENANCE MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE
    • INTRODUCTION
      • Table ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
    • LARGE ENTERPRISES
      • GROWING NEED TO IMPROVE CASH FLOW AND ELIMINATE HUMAN ERRORS IN ACCOUNTING PROCESSES DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION AMONG LARGE ENTERPRISES
        • Table LARGE ENTERPRISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • SMALL AND MEDIUM-SIZED ENTERPRISES
      • NEED FOR COST-EFFECTIVE SOLUTIONS TO DRIVE THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION ACROSS SMALL AND MEDIUM-SIZED ENTERPRISES
        • Table SMALL AND MEDIUM-SIZED ENTERPRISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT TYPE
    • INTRODUCTION
      • Table ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION)
    • ON-PREMISES
      • BENEFITS SUCH AS FULL CONTROL OF INFRASTRUCTURE AND ENHANCED SECURITY TO BOOST THE ADOPTION OF ON-PREMISES ACCOUNTS RECEIVABLE AUTOMATION SOLUTION
        • Table ON-PREMISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • CLOUD
      • ADVANTAGES SUCH AS SCALABILITY, FLEXIBILITY, ENHANCED COLLABORATION, AND COST-EFFICIENCY TO DRIVE THE ADOPTION OF CLOUD-BASED ACCOUNTS RECEIVABLE AUTOMATION SOLUTION
        • Table CLOUD: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY INDUSTRY
    • INTRODUCTION
      • Table ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION)
    • BANKING, FINANCIAL SERVICES, AND INSURANCE
      • NEED TO MAXIMIZE STAFF PRODUCTIVITY AND SAVE TIME OF PERSONNEL DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION IN BFSI INDUSTRY
        • Table BANKING, FINANCIAL SERVICES, AND INSURANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • IT AND TELECOM
      • INCREASING NEED TO STREAMLINE BUSINESS PROCESSES DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION IN IT AND TELECOM INDUSTRY
        • Table IT AND TELECOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • MANUFACTURING
      • NEED FOR FASTER PAYMENT PROCESSING AND GAIN THOROUGH INSIGHTS INTO WORKING CAPITAL DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION IN MANUFACTURING INDUSTRY
        • Table MANUFACTURING: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • CONSUMER GOODS AND RETAIL
      • GROWING NECESSITY TO REDUCE COSTS, OPTIMIZE EFFICIENCY, AND STREAMLINE BACK-OFFICE FUNCTIONS DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION IN CONSUMER GOODS AND RETAIL INDUSTRY
        • Table CONSUMER GOODS AND RETAIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • HEALTHCARE
      • SURGING NEED TO MAINTAIN ACCURACY IN PAYMENT ACCEPTANCE PROCESS DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION IN HEALTHCARE INDUSTRY
        • Table HEALTHCARE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • ENERGY AND UTILITIES
      • GROWING NECESSITY TO CONTROL INCREASING OVERHEAD COSTS AND IMPROVE CASH FLOW DRIVING THE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION IN ENERGY AND UTILITIES INDUSTRY
        • Table ENERGY AND UTILITIES: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • OTHERS
      • Table OTHERS: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
  • ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION
    • INTRODUCTION
      • Table ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
    • NORTH AMERICA
      • Table NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION)
      • Table NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • UNITED STATES
      • CANADA
    • EUROPE
      • Table EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION)
      • Table EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION)
      • Table EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • UNITED KINGDOM
      • GERMANY
      • REST OF EUROPE
    • ASIA PACIFIC
      • Table ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION)
      • Table ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • JAPAN
      • AUSTRALIA AND NEW ZEALAND
      • REST OF ASIA PACIFIC
    • MIDDLE EAST AND AFRICA
      • Table MIDDLE EAST AND AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION)
      • Table MIDDLE EAST AND AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • UNITED ARAB EMIRATES
      • KINGDOM OF SAUDI ARABIA
      • REST OF MIDDLE EAST AND AFRICA
    • LATIN AMERICA
      • Table LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY SERVICE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY INDUSTRY, 2017–2024 (USD MILLION)
      • Table LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SIZE, BY COUNTRY, 2017–2024 (USD MILLION)
      • BRAZIL
      • MEXICO
      • REST OF LATIN AMERICA
  • COMPETITIVE LANDSCAPE
    • INTRODUCTION
    • COMPETITIVE SCENARIO
      • NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT ENHANCEMENTS
        • Table NEW PRODUCT/SERVICE LAUNCHES AND PRODUCT ENHANCEMENTS, 2019
      • PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS
        • Table PARTNERSHIPS, COLLABORATIONS, AND AGREEMENTS, 2019
      • MERGERS AND ACQUISITIONS
        • Table MERGERS AND ACQUISITIONS, 2019
    • COMPETITIVE LEADERSHIP MAPPING
      • Table EVALUATION CRITERIA
      • VISIONARY LEADERS
      • DYNAMIC DIFFERENTIATORS
      • INNOVATORS
      • EMERGING COMPANIES
  • COMPANY PROFILES
    • SAGE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • SAP
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • ORACLE
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • WORKDAY
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • BOTTOMLINE TECHNOLOGIES
      • BUSINESS OVERVIEW
      • SOLUTIONS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • SWOT ANALYSIS
      • MNM VIEW
    • COMARCH
      • BUSINESS OVERVIEW
      • PRODUCTS AND SERVICES OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ESKER
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • KOFAX
      • BUSINESS OVERVIEW
      • SOLUTIONS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • ZOHO
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • HIGHRADIUS
      • BUSINESS OVERVIEW
      • PRODUCTS OFFERED
      • RECENT DEVELOPMENTS
      • MNM VIEW
    • FINANCIALFORCE
    • EMAGIA
    • VERSAPAY
    • RIMILIA
    • INVOICED
    • YAYPAY
  • APPENDIX
    • DISCUSSION GUIDE
    • KNOWLEDGE STORE: MARKETSANDMARKETS' SUBSCRIPTION PORTAL
    • AVAILABLE CUSTOMIZATIONS
    • RELATED REPORTS
    • AUTHOR DETAILS

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