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Accounts Receivable Automation Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027

Market Overview:

The global accounts receivable automation market reached a value of US$ 1.98 Billion in 2021. Looking forward, IMARC Group expects the market to reach a value of US$ 4.04 Billion by 2027, exhibiting a CAGR of 12.10% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.

Accounts receivable (AR) refers to the money due to an organization for the purchase of goods and services on credit. It is conventionally a manual, labor-intensive and time-consuming process. As a result, companies nowadays are adopting AR automation solutions that replace different aspects of AR management to streamline financial transactions and modernize operations. These solutions assist in reducing labor costs and optimizing their invoice processing to ensure that customers pay for goods and services timely. They also help reduce human errors and minimize disputes and deductions.

 

 
 

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Note: Values and trends in the above chart consists of dummy data and are only shown here for representation purpose. Kindly contact us for the actual market size and trends.

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Accounts Receivable Automation Market Trends:

AR automation solutions find extensive applications in large businesses, small and medium enterprises (SMEs), and numerous industrial verticals, such as retail, telecommunications, healthcare, manufacturing, and banking, financial services and insurance (BFSI). This, in confluence with the rising focus on the improvement of cash flow and reduction in days sales outstanding (DSO), represents one of the key factors bolstering the growth of the market. Moreover, manual AR processes are expensive, error-prone, and inefficient, which can negatively impact credit decisions, corporate borrowing, liquidity management, and reporting of corporate sales. As a result, there is a rise in the utilization of AR automation solutions to simplify the processing of bills and receipts and minimize the efforts and time spent by accountants in collecting payments from their customers. Apart from this, they provide dashboards, account selections, compliance policies, routing rules, and approvals to enhance the functioning of an organization. This, coupled with the escalating demand for cloud-based AR automation solutions, is strengthening the market growth. Besides this, key players are focusing on joint ventures, acquisitions, and collaborations to offer better services to customers, which is projected to influence the overall sales and profitability positively.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global accounts receivable automation market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on component, deployment, organization size and vertical.

Breakup by Component:

  • Solution
  • Services
     

Breakup by Deployment:

 

 
 

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  • On-premises
  • Cloud-based
     

Breakup by Organization Size:

  • Large Enterprises
  • Small and Medium-sized Enterprises
     

Breakup by Vertical:

  • Consumer Goods and Retail
  • BFSI
  • Manufacturing
  • IT and Telecom
  • Healthcare
  • Energy and Utilities
  • Others
     

Breakup by Region:

 

 
 

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  • North America
    • United States
    • Canada
  • Asia-Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Indonesia
    • Others
  • Europe
    • Germany
    • France
    • United Kingdom
    • Italy
    • Spain
    • Russia
    • Others
  • Latin America
    • Brazil
    • Mexico
    • Others
  • Middle East and Africa
     

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being BlackLine Inc., Bottomline Technologies Inc., Comarch SA, Esker SA, HighRadius Corporation, Invoiced Inc., Oracle Corporation, Sage Group plc, SAP SE, ScienceSoft USA Corporation, VersaPay Corporation, Yaypay Inc. (Quadient) and Zoho Corporation Private Ltd.

Report Coverage:

Report Features Details
Base Year of the Analysis 2021
    Historical Period 2016-2021
Forecast Period 2022-2027
Units US$ Billion
Segment Coverage Component, Deployment, Organization Size, Vertical, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered BlackLine Inc., Bottomline Technologies Inc., Comarch SA, Esker SA, HighRadius Corporation, Invoiced Inc., Oracle Corporation, Sage Group plc, SAP SE, ScienceSoft USA Corporation, VersaPay Corporation, Yaypay Inc. (Quadient) and Zoho Corporation Private Ltd.
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

 

Key Questions Answered in This Report:

  • How has the global accounts receivable automation market performed so far and how will it perform in the coming years?
  • What has been the impact of COVID-19 on the global accounts receivable automation market?
  • What are the key regional markets?
  • What is the breakup of the market based on the component?
  • What is the breakup of the market based on the deployment?
  • What is the breakup of the market based on the organization size?
  • What is the breakup of the market based on the vertical?
  • What are the various stages in the value chain of the industry?
  • What are the key driving factors and challenges in the industry?
  • What is the structure of the global accounts receivable automation market and who are the key players?
  • What is the degree of competition in the industry?

1    Preface
2    Scope and Methodology

    2.1    Objectives of the Study
    2.2    Stakeholders
    2.3    Data Sources
        2.3.1    Primary Sources
        2.3.2    Secondary Sources
    2.4    Market Estimation
        2.4.1    Bottom-Up Approach
        2.4.2    Top-Down Approach
    2.5    Forecasting Methodology
3    Executive Summary
4    Introduction

    4.1    Overview
    4.2    Key Industry Trends
5    Global Accounts Receivable Automation Market
    5.1    Market Overview
    5.2    Market Performance
    5.3    Impact of COVID-19
    5.4    Market Forecast
6    Market Breakup by Component
    6.1    Solution
        6.1.1 Market Trends
        6.1.2 Market Forecast
    6.2    Services
        6.2.1 Market Trends
        6.2.2 Market Forecast
7    Market Breakup by Deployment
    7.1    On-premises
        7.1.1 Market Trends
        7.1.2 Market Forecast
    7.2    Cloud-based
        7.2.1 Market Trends
        7.2.2 Market Forecast
8    Market Breakup by Organization Size
    8.1    Large Enterprises
        8.1.1 Market Trends
        8.1.2 Market Forecast
    8.2    Small and Medium-sized Enterprises
        8.2.1 Market Trends
        8.2.2 Market Forecast
9    Market Breakup by Vertical
    9.1    Consumer Goods and Retail
        9.1.1 Market Trends
        9.1.2 Market Forecast
    9.2    BFSI
        9.2.1 Market Trends
        9.2.2 Market Forecast
    9.3    Manufacturing
        9.3.1 Market Trends
        9.3.2 Market Forecast
    9.4    IT and Telecom
        9.4.1 Market Trends
        9.4.2 Market Forecast
    9.5    Healthcare
        9.5.1 Market Trends
        9.5.2 Market Forecast
    9.6    Energy and Utilities
        9.6.1 Market Trends
        9.6.2 Market Forecast
    9.7    Others
        9.7.1 Market Trends
        9.7.2 Market Forecast
10    Market Breakup by Region
    10.1    North America
        10.1.1 United States
           10.1.1.1 Market Trends
           10.1.1.2 Market Forecast
        10.1.2 Canada
           10.1.2.1 Market Trends
           10.1.2.2 Market Forecast
    10.2    Asia-Pacific
        10.2.1 China
           10.2.1.1 Market Trends
           10.2.1.2 Market Forecast
        10.2.2 Japan
           10.2.2.1 Market Trends
           10.2.2.2 Market Forecast
        10.2.3 India
           10.2.3.1 Market Trends
           10.2.3.2 Market Forecast
        10.2.4 South Korea
           10.2.4.1 Market Trends
           10.2.4.2 Market Forecast
        10.2.5 Australia
           10.2.5.1 Market Trends
           10.2.5.2 Market Forecast
        10.2.6 Indonesia
           10.2.6.1 Market Trends
           10.2.6.2 Market Forecast
        10.2.7 Others
           10.2.7.1 Market Trends
           10.2.7.2 Market Forecast
    10.3    Europe
        10.3.1 Germany
           10.3.1.1 Market Trends
           10.3.1.2 Market Forecast
        10.3.2 France
           10.3.2.1 Market Trends
           10.3.2.2 Market Forecast
        10.3.3 United Kingdom
           10.3.3.1 Market Trends
           10.3.3.2 Market Forecast
        10.3.4 Italy
           10.3.4.1 Market Trends
           10.3.4.2 Market Forecast
        10.3.5 Spain
           10.3.5.1 Market Trends
           10.3.5.2 Market Forecast
        10.3.6 Russia
           10.3.6.1 Market Trends
           10.3.6.2 Market Forecast
        10.3.7 Others
           10.3.7.1 Market Trends
           10.3.7.2 Market Forecast
    10.4    Latin America
        10.4.1 Brazil
           10.4.1.1 Market Trends
           10.4.1.2 Market Forecast
        10.4.2 Mexico
           10.4.2.1 Market Trends
           10.4.2.2 Market Forecast
        10.4.3 Others
           10.4.3.1 Market Trends
           10.4.3.2 Market Forecast
    10.5    Middle East and Africa
        10.5.1 Market Trends
        10.5.2 Market Breakup by Country
        10.5.3 Market Forecast
11    SWOT Analysis
    11.1    Overview
    11.2    Strengths
    11.3    Weaknesses
    11.4    Opportunities
    11.5    Threats
12    Value Chain Analysis
13    Porters Five Forces Analysis

    13.1    Overview
    13.2    Bargaining Power of Buyers
    13.3    Bargaining Power of Suppliers
    13.4    Degree of Competition
    13.5    Threat of New Entrants
    13.6    Threat of Substitutes
14    Price Analysis
15    Competitive Landscape

    15.1    Market Structure
    15.2    Key Players
    15.3    Profiles of Key Players
        15.3.1    BlackLine Inc.
           15.3.1.1 Company Overview
           15.3.1.2 Product Portfolio
           15.3.1.3 Financials
        15.3.2    Bottomline Technologies Inc. 
           15.3.2.1 Company Overview
           15.3.2.2 Product Portfolio
           15.3.2.3 Financials
           15.3.2.4 SWOT Analysis
        15.3.3    Comarch SA
           15.3.3.1 Company Overview
           15.3.3.2 Product Portfolio
           15.3.3.3 Financials
        15.3.4    Esker SA
           15.3.4.1 Company Overview
           15.3.4.2 Product Portfolio
           15.3.4.3 Financials
        15.3.5    HighRadius Corporation
           15.3.5.1 Company Overview
           15.3.5.2 Product Portfolio
        15.3.6    Invoiced Inc.
           15.3.6.1 Company Overview
           15.3.6.2 Product Portfolio
        15.3.7    Oracle Corporation
           15.3.7.1 Company Overview
           15.3.7.2 Product Portfolio
           15.3.7.3 Financials
           15.3.7.4 SWOT Analysis
        15.3.8    Sage Group plc
           15.3.8.1 Company Overview
           15.3.8.2 Product Portfolio
           15.3.8.3 Financials
           15.3.8.4 SWOT Analysis
        15.3.9    SAP SE
           15.3.9.1 Company Overview
           15.3.9.2 Product Portfolio
           15.3.9.3 Financials
           15.3.9.4 SWOT Analysis
        15.3.10    ScienceSoft USA Corporation
           15.3.10.1 Company Overview
           15.3.10.2 Product Portfolio
        15.3.11    VersaPay Corporation
           15.3.11.1 Company Overview
           15.3.11.2 Product Portfolio
        15.3.12    Yaypay Inc. (Quadient)
           15.3.12.1 Company Overview
           15.3.12.2 Product Portfolio
        15.3.13    Zoho Corporation Private Ltd.
           15.3.13.1 Company Overview
           15.3.13.2 Product Portfolio

List of Figures

Figure 1: Global: Accounts Receivable Automation Market: Major Drivers and Challenges
Figure 2: Global: Accounts Receivable Automation Market: Sales Value (in Billion US$), 2016-2021
Figure 3: Global: Accounts Receivable Automation Market Forecast: Sales Value (in Billion US$), 2022-2027
Figure 4: Global: Accounts Receivable Automation Market: Breakup by Component (in %), 2021
Figure 5: Global: Accounts Receivable Automation Market: Breakup by Deployment (in %), 2021
Figure 6: Global: Accounts Receivable Automation Market: Breakup by Organization Size (in %), 2021
Figure 7: Global: Accounts Receivable Automation Market: Breakup by Vertical (in %), 2021
Figure 8: Global: Accounts Receivable Automation Market: Breakup by Region (in %), 2021
Figure 9: Global: Accounts Receivable Automation (Solution) Market: Sales Value (in Million US$), 2016 & 2021
Figure 10: Global: Accounts Receivable Automation (Solution) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 11: Global: Accounts Receivable Automation (Services) Market: Sales Value (in Million US$), 2016 & 2021
Figure 12: Global: Accounts Receivable Automation (Services) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 13: Global: Accounts Receivable Automation (On-premises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 14: Global: Accounts Receivable Automation (On-premises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 15: Global: Accounts Receivable Automation (Cloud-based) Market: Sales Value (in Million US$), 2016 & 2021
Figure 16: Global: Accounts Receivable Automation (Cloud-based) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 17: Global: Accounts Receivable Automation (Large Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 18: Global: Accounts Receivable Automation (Large Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 19: Global: Accounts Receivable Automation (Small and Medium-sized Enterprises) Market: Sales Value (in Million US$), 2016 & 2021
Figure 20: Global: Accounts Receivable Automation (Small and Medium-sized Enterprises) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 21: Global: Accounts Receivable Automation (Consumer Goods and Retail) Market: Sales Value (in Million US$), 2016 & 2021
Figure 22: Global: Accounts Receivable Automation (Consumer Goods and Retail) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 23: Global: Accounts Receivable Automation (BFSI) Market: Sales Value (in Million US$), 2016 & 2021
Figure 24: Global: Accounts Receivable Automation (BFSI) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 25: Global: Accounts Receivable Automation (Manufacturing) Market: Sales Value (in Million US$), 2016 & 2021
Figure 26: Global: Accounts Receivable Automation (Manufacturing) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 27: Global: Accounts Receivable Automation (IT and Telecom) Market: Sales Value (in Million US$), 2016 & 2021
Figure 28: Global: Accounts Receivable Automation (IT and Telecom) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 29: Global: Accounts Receivable Automation (Healthcare) Market: Sales Value (in Million US$), 2016 & 2021
Figure 30: Global: Accounts Receivable Automation (Healthcare) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 31: Global: Accounts Receivable Automation (Energy and Utilities) Market: Sales Value (in Million US$), 2016 & 2021
Figure 32: Global: Accounts Receivable Automation (Energy and Utilities) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 33: Global: Accounts Receivable Automation (Other Verticals) Market: Sales Value (in Million US$), 2016 & 2021
Figure 34: Global: Accounts Receivable Automation (Other Verticals) Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 35: North America: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 36: North America: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 37: United States: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 38: United States: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 39: Canada: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 40: Canada: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 41: Asia-Pacific: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 42: Asia-Pacific: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 43: China: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 44: China: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 45: Japan: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 46: Japan: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 47: India: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 48: India: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 49: South Korea: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 50: South Korea: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 51: Australia: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 52: Australia: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 53: Indonesia: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 54: Indonesia: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 55: Others: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 56: Others: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 57: Europe: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 58: Europe: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 59: Germany: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 60: Germany: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 61: France: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 62: France: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 63: United Kingdom: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 64: United Kingdom: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 65: Italy: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 66: Italy: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 67: Spain: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 68: Spain: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 69: Russia: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 70: Russia: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 71: Others: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 72: Others: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 73: Latin America: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 74: Latin America: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 75: Brazil: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 76: Brazil: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 77: Mexico: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 78: Mexico: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 79: Others: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 80: Others: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 81: Middle East and Africa: Accounts Receivable Automation Market: Sales Value (in Million US$), 2016 & 2021
Figure 82: Middle East and Africa: Accounts Receivable Automation Market: Breakup by Country (in %), 2021
Figure 83: Middle East and Africa: Accounts Receivable Automation Market Forecast: Sales Value (in Million US$), 2022-2027
Figure 84: Global: Accounts Receivable Automation Industry: SWOT Analysis
Figure 85: Global: Accounts Receivable Automation Industry: Value Chain Analysis
Figure 86: Global: Accounts Receivable Automation Industry: Porter's Five Forces Analysis

List of Tables

Table 1: Global: Accounts Receivable Automation Market: Key Industry Highlights, 2021 and 2027
Table 2: Global: Accounts Receivable Automation Market Forecast: Breakup by Component (in Million US$), 2022-2027
Table 3: Global: Accounts Receivable Automation Market Forecast: Breakup by Deployment (in Million US$), 2022-2027
Table 4: Global: Accounts Receivable Automation Market Forecast: Breakup by Organization Size (in Million US$), 2022-2027
Table 5: Global: Accounts Receivable Automation Market Forecast: Breakup by Vertical (in Million US$), 2022-2027
Table 6: Global: Accounts Receivable Automation Market Forecast: Breakup by Region (in Million US$), 2022-2027
Table 7: Global: Accounts Receivable Automation Market: Competitive Structure
Table 8: Global: Accounts Receivable Automation Market: Key Players

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