We are delighted to announce the addition of the "accounts receivable automation market by component (solution and services) and geography (North America, Europe, APAC, Middle East and Africa, and South America) - Forecast and Analysis 2022-2026" report to Technavio's offering. Technavio has been partnering with more than 100 Fortune 500 companies for over 16 years and has been certified as an ISO 9001:2015 company. Between 2022 and 2026, the market for accounts receivable automation is expected to grow by USD 1.13 billion.
Increasing demand for cloud-based AR automation solutions is one of the key factors driving the growth of this market. It is important to note that the current software solutions provide real-time visibility to the company through dashboards and reports. Financial aggregation, reporting, and analysis are increasingly becoming a part of a variety of corporate functions and are becoming more and more prevalent. Additionally, organizations are utilizing AR automation software to facilitate increased collaboration between businesses and their customers in order to streamline monetary transactions between the two. Due to the increasing demand for cloud computing, as it reduces the amount of time spent on processing and lowers the costs associated with it, end users in the banking, financial services, insurance, BFSI, and manufacturing sectors are looking to adopt cloud-based AAR automation software.
Due to the increasing demand for cloud computing, as it reduces the amount of time spent on processing and lowers the costs associated with it, end users in the banking, financial services, insurance, BFSI, and manufacturing sectors are looking to adopt cloud-based AAR automation software.
There is a growing demand for cloud-based AR automation solutions that are driving the market growth in the near future. By using dashboards and reports as part of the current software solutions, a company is able to keep an eye on the company in real time. Financial reporting, analysis, and aggregation are becoming increasingly popular within corporate units in order to provide comprehensive financial information. Furthermore, in order to streamline monetary transactions between businesses and their customers, organizations are utilizing AR automation software in order to streamline these transactions. With the increasing demand for cloud computing, which is reducing processing speed and costs, many end users in the banking, financial services, insurance, BFSI, and manufacturing industries are adopting cloud-based software for AAR automation as a result of the benefits it provides.
With the increasing demand for cloud computing, which is reducing processing speed and costs, many end users in the banking, financial services, insurance, BFSI, and manufacturing industries are adopting cloud-based software for AAR automation as a result of the benefits it provides.
Find out more about the market size, current market scenario, future growth opportunities, major growth driving factors, the latest trends, and a lot more in this report. Buy the full report here.
Challenges facing the market
There are significant challenges restricting the growth of the market in terms of data privacy and security. Despite an increase in identity fraud and cybercrime, the adoption of automated solutions has slowed down as a result of the increased incidence of identity fraud and cybercrime. Moreover, there is also a large amount of sensitive information that is required by organizations to be managed, as well as a vast amount of data. There is a need for organizations to exchange sensitive and confidential information with other cloud service providers. Considering the possible threat of cyber-attacks, users are becoming skeptical about and hesitant to use AR Automation Software, which may hinder the market's expansion as a result.
Considering the possible threat of cyber-attacks, users are becoming skeptical about and hesitant to use AR Automation Software, which may hinder the market's expansion as a result.
In order to segment the market for accounts receivable automation, components (solutions and services) as well as regions (North America, Europe, APAC, the Middle East and Africa, and South America) have been identified. 
The following are some of the key companies in the Accounts Receivable Automation market:
BlackLine Inc., BlueSnap Inc., Bottomline Technologies Inc., Comarch SA, Corcentric Inc., Esker SA, HighRadius Corporation, Kofax Inc., Mynd Integrated Solutions, Oracle Corp., BlackLine Inc., BlueSnap Inc., Bottomline Technologies Inc., Comarch SA, Corcentric Inc., Esker SA, HighRadius Corp., Kofax Inc., Mynd Integrated Solutions, Oracle Corp. PAGERO AB, Quadient Sro, Qvalia Group AB, Sage Group Plc, SAP SE, TechNVision Ventures Ltd., Workday Inc., and Zoho Corp. Pvt. Ltd.
Reports related to this topic include:
Core banking solutions are expected to grow at a CAGR of 16.82% between 2023 and 2028. The market size is forecast to increase by USD 18,478.38 million between 2023 and 2028. 
Between 2023 and 2028, the cash management system market size is expected to grow at a CAGR of 12.8%. It is predicted that the market size will increase by USD 11,911.13 million over this period.
Summary of the executive summary
An overview of the market
The size of the market
Market Sizes in the Past
Analysis of the Five Forces
Component-based segmentation of the market
Geography-based segmentation of the market
An overview of the customer landscape
A description of the geographical landscape
What are the drivers, challenges, and trends in the industry?
An overview of the company's landscape
Analyses of the company
The appendix
It is a leading global technology research and advisory company with a strong global presence. In addition to providing actionable insights that assist businesses in identifying market opportunities and developing effective strategies to optimize their market position, their research and analysis focus on emerging market trends.
Technavio has over 500 specialized analysts across 50 countries working on more than 17,000 research reports, covering 800 technologies and spanning across 50 countries, in its report library.. Its client base includes enterprises of all sizes, including more than 100 Fortune 500 companies, as well as enterprises of all sizes.. There are an increasing number of clients that rely on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets as well as to assess their competitive positions within the changing market environment.
There are an increasing number of clients that rely on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets as well as to assess their competitive positions within the changing market environment.
Contact information
I am a media & marketing executive at Technavio Research. My contact information is: US: +1 844 364 1100 UK: +44 203 893 3200 Email: [email protected]Website: www.technavio.com
The source of this information is Technavio
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