Accounts Receivable Automation Market

Accounts Receivable Automation Market by Component (Solutions (Credit Evaluation & Management and Collections Management) and Services), Organization Size, Deployment Mode, Vertical and Region - Global Forecast to 2027

Report Code: TC 7347 Jun, 2022, by marketsandmarkets.com

[267 Pages Report] The global accounts receivable automation market size to grow from USD 3.3 billion in 2022 to USD 6.5 billion by 2027, at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period. The need to improve efficiency and productivity of workforce is one of the primary factors driving market growth. Moreover, the demand for quick invoicing to reduce delay in payments to drive the demand of these solutions in the near future.

Accounts Receivable Automation

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COVID-19 Impact

The impact of COVID-19 on the accounts receivable automation market has affected large and small enterprises alike across various industry verticals.

Accounts receivable automation offers a solution to the challenges posed by the pandemic. COVID-19 has generated the need to reduce overheads, collect payments, and grow a business as the global economy recovers from the pandemic. Building business resilience to prepare for future disruption and making the working capital function more effectively has never been a bigger priority for business leaders across different verticals

According to recent research conducted by an accounts receivable automation vendor, it was found that 64% of firms are shifting away from physical invoices, and 67% are receiving more payments digitally as a result of the COVID-19 pandemic. Organizations across large enterprises and SMEs that have implemented more accounts receivable automation seem to have adapted better to today’s post-pandemic dynamics.

Amid this pandemic, organizations across different verticals are switching to cloud-based automated accounts receivable platforms. Switching to this kind of platform have reduced manual processing by 85% and the cost of running an accounts receivable department

Market Dynamics

How is demand for quick invoicing driving the growth of accounts receivable automation market?

Accounts receivable automation helps send the invoices to customers and clients on time, reducing the time duration for sending invoices and receiving payments. The account receivable automation creates eInvoices accessible to consumers who can directly pay payments by clicking on the link. This reduces the time taken in payments and saves time in auditing accounts. It also helps enterprises speed up invoicing and manage the transactions for a smooth and enhanced customer experience, which gives them a competitive advantage.

How is resistance to switch from traditional accounts receivable processes holding back the growth of the market?

Many organizations prefer traditional methodologies that are often time-consuming and tedious. Various factors, such as concerns over data security, budget constraints, and resistance to changing the well-established existing accounts receivable processes, make enterprises hesitant to invest in the implementation of accounts receivable automation solutions. Furthermore, the lack of awareness of automation in accounts receivable and training and skillsets to manage advanced solutions are the major factors responsible for the less adoption of automated and advanced technologies.

What opportunities does rising adoption of AI and ML-based accounts receivable automation open for companies?

Accounts receivable automation solution vendors invest in AI technology to enable finance and accounting executives to strengthen their financial efficiency. AI and ML can help enhance finance-related operations efficiently by providing deeper insights into the business process. For instance, with the help of AI, companies can analyze every business process and pinpoint the areas where modifications can be made to achieve higher value. It can also help to understand customer behavior and payment patterns to identify any risk of payment issues.

Why is increasing data security, privacy, and compliance concerns a critical challenge that is impacting the growth of the market?

Data security is a rising concern for a significant share of the stakeholders in the accounting field. With the increasing number of identity frauds and cybercrimes, businesses are increasingly becoming cautious in adopting automated solutions. The solution must secure customer payments and personal information with PCI and GDPR compliance. Furthermore, organizations need to manage enormous amounts of data and sensitive information. This makes organizations hesitant to adopt the automation solution, as it requires enterprises to share their sensitive and confidential data with third parties in the cloud.

Accounts Receivable Automation Market Supply Chain

Accounts Receivable Automation by Region

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By Deployment Mode, the cloud segment to have a higher growth during the forecast period

The cloud segment is expected to have a higher growth rate during the forecast period. The cloud-based accounts receivable automation solution deployment mode is a cost-effective and efficient way of managing big data issues. Cloud-based accounts receivable automation solutions facilitate various advantages, including scalability, adaptability, easy deployment, and cost-effectiveness, which promote the adoption of cloud deployment across organizations. The low cost and ease of implementation have made the cloud a highly desirable delivery mode among organizations.

By Vertical, the BFSI segment to have the highest market size during the forecast period

The banking, financial services, and insurance (BFSI) segment to have the highest share in the market. The BFSI vertical is an early adopter of new technologies. The accounts receivable automation solution enables financial institutions to improve cash collection from customers. The automated accounts receivable solution maximizes staff productivity and saves the time of personnel entering, proofreading, and verifying invoices to produce accurate reports.

By Region, Asia Pacific to record the highest growth during the forecast period

Asia Pacific is one of the fastest-developing regions globally, making the region highly profitable for the Accounts receivable automation market. It is expected to be the fastest-growing market owing to the rapid economic developments, globalization, digitalization, and the increased internet penetration. Japan and China, being two of the most technologically advanced countries in the region, are the undisputed leaders in the accounts receivable automation market. Government initiatives to promote the digital infrastructure are responsible for driving the adoption of accounts receivable automation solutions in the region. The use of an accounts receivable automation solution enables organizations to successfully drive the transformation of their accounts receivable departments to overcome the challenges of manual and paper-based processes.

Asia Pacific: Accounts Receivable Automation Market Snapshot

Accounts Receivable Automation by Region

Key Market Players

The report includes the study of key players offering accounts receivable automation solutions and services. The major vendors in the accounts receivable automation include Sage (UK), SAP (Germany), Oracle (US), Workday (US), Bottomline Technologies (US), Comarch (Poland), Esker (France), Zoho (India), BlackLine (US), and HighRadius (US).

The study includes an in-depth competitive analysis of these key players in the accounts receivable automation market with their company profiles, recent developments, and key market strategies.

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Scope of the Report

Report Metrics

Details

Market size available for years

2018-2027

Base year considered

2021

Forecast period

2022-2027

Forecast units

Value (USD Billion)

Segments covered

By Component, Deployment Mode, Organization Size, Vertical, and Region

Regions covered

North America, Europe, Asia Pacific, Middle East & Africa, and Latin America

Companies covered

Major vendors include Sage (UK), SAP (Germany), Oracle (US), Workday (US), and Bottomline Technologies (US), (Total 30 companies)

This research report categorizes the accounts receivable automation market to forecast revenues and analyze trends in each of the following subsegments:

By Component:

  • Solutions
    • Credit Evaluation & Management
    • Bill Presentment & Payment
    • Dispute Management
    • Collections Management
    • Deductions Management
    • Cash Application Automation
    • Receivables Analytics
  • Services
    • Managed Services
    • Professional Services
      • Implementation & Integration
      • Consulting
      • Support & Maintenance

By Deployment Mode:

  • Cloud
  • On-premises

By Organization Size:

  • Large Enterprises
  • Small & Medium Sized Enterprises

By Vertical:

  • Banking, Financial Services & Insurance
  • IT & Telecom
  • Manufacturing
  • Consumer Goods & Retail
  • Healthcare
  • Energy & Utilities
  • Other Verticals

By Region:

  • North America
    • United States
    • Canada
  • Europe
    • United Kingdom
    • Germany
    • France
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • Australia
    • Rest of Asia Pacific
  • Middle East & Africa
    • United Arab Emirates
    • Kingdom of Saudi Arabia
    • Rest of Middle East & Africa
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America

Recent Developments:

  • In May 2022, SAP partnered with Google to introduce new integrations between Google Workspace and SAP’s flagship cloud ERP, SAP S/4HANA Cloud.
  • In January 2022, Oracle launched Oracle NetSuite Cash 360 to help businesses make more strategic cash decisions and improve forecasting. Cash 360 simplifies cash management by providing a configurable dashboard that can include links to key cash management activities, cash flow trends, and a rolling six-month cash flow forecast.
  • In September 2021, Workday signed a definitive agreement to acquire Zimit. With the help of Zimit, Workday will provide organizations with a comprehensive quote-to-cash process automation offering for services industries, including communications, media, technology, and professional and business services.
  • In December 2020, Sage partnered with GCPay to offer GCPay as an add-on with their industry-leading construction solutions, Sage 300 Construction and Real Estate, and Sage 100 Contractor.
  • In June 2019, Bottomline Technologies announced its partnership with Starling Bank, the leading digital banking platform, and the launch of Bottomline’s Real Time Payments Express Service.

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TABLE OF CONTENTS

1 INTRODUCTION (Page No. - 28)
    1.1 OBJECTIVES OF STUDY
    1.2 MARKET DEFINITION
    1.3 MARKET SCOPE
           1.3.1 MARKET SEGMENTATION
                    FIGURE 1 ACCOUNTS RECEIVABLE AUTOMATION MARKET: SEGMENTATION
           1.3.2 REGIONS COVERED
                    FIGURE 2 ACCOUNTS RECEIVABLE AUTOMATION MARKET: REGIONS COVERED
           1.3.3 INCLUSIONS AND EXCLUSIONS
           1.3.4 YEARS CONSIDERED FOR STUDY
    1.4 CURRENCY CONSIDERED
           TABLE 1 UNITED STATES DOLLAR EXCHANGE RATE, 2018–2021
    1.5 STAKEHOLDERS
    1.6 SUMMARY OF CHANGES

2 RESEARCH METHODOLOGYS (Page No. - 34)
    2.1 RESEARCH APPROACH
           FIGURE 3 ACCOUNTS RECEIVABLE AUTOMATION MARKET: RESEARCH DESIGN
           2.1.1 SECONDARY DATA
                    2.1.1.1 Secondary sources
           2.1.2 PRIMARY DATA
                    TABLE 2 LIST OF KEY PRIMARY INTERVIEW PARTICIPANTS
                    2.1.2.1 Breakup of primary profiles
                               FIGURE 4 BREAKUP OF PRIMARY INTERVIEWS: BY COMPANY TYPE, DESIGNATION, AND REGION
                    2.1.2.2 Key industry insights
    2.2 DATA TRIANGULATION
           FIGURE 5 DATA TRIANGULATION
    2.3 MARKET SIZE ESTIMATION
           FIGURE 6 ACCOUNTS RECEIVABLE AUTOMATION MARKET: TOP-DOWN AND BOTTOM-UP APPROACHES
           FIGURE 7 MARKET SIZE ESTIMATION METHODOLOGY – APPROACH 1 (SUPPLY SIDE): REVENUE OF SERVICES FROM VENDORS
           FIGURE 8 MARKET SIZE ESTIMATION METHODOLOGY: BOTTOM-UP APPROACH FROM SUPPLY SIDE: COLLECTIVE REVENUE OF VENDORS
           FIGURE 9 MARKET SIZE ESTIMATION METHODOLOGY: CAGR PROJECTIONS FROM SUPPLY SIDE
           FIGURE 10 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 (BOTTOM-UP): REVENUE GENERATED BY VENDORS FROM EACH APPLICATION
           FIGURE 11 MARKET SIZE ESTIMATION METHODOLOGY - APPROACH 2 FROM DEMAND SIDE: REVENUE GENERATED FROM DIFFERENT VERTICALS
    2.4 MARKET FORECAST
           TABLE 3 FACTOR ANALYSIS
    2.5 RESEARCH ASSUMPTIONS
    2.6 LIMITATIONS OF STUDY

3 EXECUTIVE SUMMARY (Page No. - 47)
    FIGURE 12 ACCOUNTS RECEIVABLE AUTOMATION MARKET, 2019–2027 (USD MILLION)
    FIGURE 13 FASTEST-GROWING SEGMENTS IN ACCOUNTS RECEIVABLE AUTOMATION MARKET, 2022–2027
    FIGURE 14 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
    FIGURE 15 PROFESSIONAL SERVICES SEGMENT TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD
    FIGURE 16 SUPPORT & MAINTENANCE SUBSEGMENT TO HOLD LARGEST MARKET SIZE DURING FORECAST PERIOD
    FIGURE 17 LARGE ENTERPRISES SEGMENT TO HOLD LARGER MARKET SIZE DURING FORECAST PERIOD
    FIGURE 18 ON-PREMISES SEGMENT TO ACCOUNT FOR LARGER MARKET SIZE DURING FORECAST PERIOD
    FIGURE 19 TOP VERTICALS IN ACCOUNTS RECEIVABLE AUTOMATION MARKET, 2020–2027
    FIGURE 20 ACCOUNTS RECEIVABLE AUTOMATION MARKET: REGIONAL SNAPSHOT

4 PREMIUM INSIGHTS (Page No. - 54)
    4.1 OVERVIEW OF ACCOUNTS RECEIVABLE AUTOMATION MARKET
           FIGURE 21 GROWING FOCUS OF ORGANIZATIONS TO AUTOMATE WORKFLOW OF ACCOUNTS RECEIVABLE AND REDUCE DAYS SALES OUTSTANDING TO DRIVE GROWTH OF ACCOUNTS RECEIVABLE AUTOMATION MARKET
    4.2 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT
           FIGURE 22 SOLUTIONS SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.3 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE
           FIGURE 23 PROFESSIONAL SERVICES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.4 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE
           FIGURE 24 SUPPORT & MAINTENANCE SUBSEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.5 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE
           FIGURE 25 LARGE ENTERPRISES SEGMENT TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.6 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE
           FIGURE 26 ON-PREMISES DEPLOYMENT MODE TO ACCOUNT FOR LARGER MARKET SHARE DURING FORECAST PERIOD
    4.7 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL
           FIGURE 27 BANKING, FINANCIAL SERVICES, & INSURANCE SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE DURING FORECAST PERIOD
    4.8 ACCOUNTS RECEIVABLE AUTOMATION MARKET: REGIONAL SCENARIO
           FIGURE 28 ASIA PACIFIC TO EMERGE AS BEST MARKET FOR INVESTMENTS IN NEXT FIVE YEARS

5 MARKET OVERVIEW AND INDUSTRY TRENDS (Page No. - 58)
    5.1 INTRODUCTION
    5.2 MARKET DYNAMICS
           FIGURE 29 DRIVERS, RESTRAINTS, OPPORTUNITIES, AND CHALLENGES: ACCOUNTS RECEIVABLE AUTOMATION MARKET
           5.2.1 DRIVERS
                    5.2.1.1 Need to improve efficiency and productivity of workforce
                    5.2.1.2 Demand for quick invoicing to reduce delay in payments
                               FIGURE 30 TRADITIONAL ACCOUNTS RECEIVABLE PROCESS CYCLE
                    5.2.1.3 Rising adoption of accounts receivable automation post-pandemic
           5.2.2 RESTRAINTS
                    5.2.2.1 High cost of implementation
                    5.2.2.2 Resistance to switch from traditional accounts receivable processes
           5.2.3 OPPORTUNITIES
                    5.2.3.1 Rising adoption of AI and ML-based accounts receivable automation
           5.2.4 CHALLENGES
                    5.2.4.1 Increasing data security, privacy, and compliance concerns
    5.3 CASE STUDY ANALYSIS
           5.3.1 CASE STUDY 1: HAMPERS WITH BITE IMPLEMENTED EZYCOLLECT TO IMPROVE VISIBILITY OF INVOICES
           5.3.2 CASE STUDY 2: HIGHRADIUS ENABLED AUTOMATION FOR FLEETPRIDE TO IMPROVE PRODUCTIVITY
           5.3.3 CASE STUDY 3: MASTERFOOD LEVERAGED GAVITI TO SAVE TIME AND MONEY WITH AUTOMATED AR
    5.4 PORTER’S FIVE FORCES ANALYSIS
           TABLE 4 PORTER’S FIVE FORCES ANALYSIS: ACCOUNTS RECEIVABLE AUTOMATION MARKET
           5.4.1 THREAT OF NEW ENTRANTS
           5.4.2 THREAT OF SUBSTITUTES
           5.4.3 BARGAINING POWER OF SUPPLIERS
           5.4.4 BARGAINING POWER OF BUYERS
           5.4.5 COMPETITIVE RIVALRY WITHIN THE INDUSTRY
                    FIGURE 31 PORTER’S FIVE FORCES ANALYSIS: ACCOUNTS RECEIVABLE AUTOMATION MARKET
    5.5 COVID-19-DRIVEN MARKET DYNAMICS
           5.5.1 DRIVERS AND OPPORTUNITIES
           5.5.2 RESTRAINTS AND CHALLENGES
    5.6 TECHNOLOGY ANALYSIS
           5.6.1 DATA ANALYTICS
           5.6.2 ARTIFICIAL INTELLIGENCE AND MACHINE LEARNING
           5.6.3 AUTOMATION
    5.7 PRICING ANALYSIS
           TABLE 5 ACCOUNTS RECEIVABLE AUTOMATION MARKET: PRICING LEVELS
    5.8 SUPPLY CHAIN ANALYSIS
           FIGURE 32 ACCOUNTS RECEIVABLE AUTOMATION MARKET: SUPPLY CHAIN
    5.9 ECOSYSTEM
           FIGURE 33 ACCOUNTS RECEIVABLE AUTOMATION MARKET: ECOSYSTEM
    5.10 TARIFF AND REGULATORY LANDSCAPE
           5.10.1 REGULATORY BODIES, GOVERNMENT AGENCIES, AND OTHER ORGANIZATIONS
                    TABLE 6 NORTH AMERICA: LIST OF REGULATORY BODIES AND REGULATIONS
                    TABLE 7 EUROPE: LIST OF REGULATORY BODIES AND REGULATIONS
                    TABLE 8 ASIA PACIFIC: LIST OF REGULATORY BODIES AND REGULATIONS
                    TABLE 9 MIDDLE EAST & AFRICA: LIST OF REGULATORY BODIES AND REGULATIONS
                    TABLE 10 LATIN AMERICA: LIST OF REGULATORY BODIES AND REGULATIONS
    5.11 PATENT ANALYSIS
                    TABLE 11 ACCOUNTS RECEIVABLE AUTOMATION MARKET: PATENTS
                    TABLE 12 TOP 10 PATENT OWNERS (US)
                    FIGURE 34 TOP TEN COMPANIES WITH HIGHEST NUMBER OF PATENTS
                    FIGURE 35 NUMBER OF PATENTS GRANTED OVER THE LAST TEN YEARS
    5.12 KEY CONFERENCES & EVENTS
                    TABLE 13 ACCOUNTS RECEIVABLE AUTOMATION MARKET: DETAILED LIST OF CONFERENCES & EVENTS IN 2022–2023
    5.13 TRENDS/DISRUPTIONS IMPACTING BUYERS
                    FIGURE 36 ACCOUNTS RECEIVABLE AUTOMATION MARKET: TRENDS/DISRUPTIONS IMPACTING BUYERS
    5.14 KEY STAKEHOLDERS & BUYING CRITERIA
           5.14.1 KEY STAKEHOLDERS IN BUYING PROCESS
                    FIGURE 37 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR ENTERPRISES
                    TABLE 14 INFLUENCE OF STAKEHOLDERS IN BUYING PROCESS FOR ENTERPRISES
           5.14.2 BUYING CRITERIA
                    FIGURE 38 KEY BUYING CRITERIA FOR ENTERPRISES
                    TABLE 15 KEY BUYING CRITERIA FOR ENTERPRISES

6 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT (Page No. - 81)
    6.1 INTRODUCTION
           6.1.1 COMPONENT: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
           6.1.2 COMPONENT: COVID-19 IMPACT
                    FIGURE 39 SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 16 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                    TABLE 17 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
    6.2 SOLUTIONS
           TABLE 18 SOLUTIONS: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 19 SOLUTIONS: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.2.1 CREDIT EVALUATION & MANAGEMENT
                    6.2.1.1 Credit evaluation & management solutions to increase receivables by measuring and monitoring credit exposure
           6.2.2 BILL PRESENTMENT & PAYMENT
                    6.2.2.1 Bill presentment & payment to help organizations save costs and create a better customer experience
           6.2.3 DISPUTE MANAGEMENT
                    6.2.3.1 Automation of dispute management in accounts receivables to help reduce DSO and risk of bad debt write-offs
           6.2.4 COLLECTIONS MANAGEMENT
                    6.2.4.1 Collections management solution to enhance customer service, reduce overdue invoices, and improve collections metrics and DSO
           6.2.5 DEDUCTIONS MANAGEMENT
                    6.2.5.1 Deductions management solution to enable accounts receivable teams to focus on timely resolution and revenue collection
           6.2.6 CASH APPLICATION AUTOMATION
                    6.2.6.1 Cash application automation to lead to increased positive cash flow, improved accuracy, and enhanced productivity
           6.2.7 RECEIVABLES ANALYTICS
                    6.2.7.1 Receivables analytics solution to enhance visibility with reporting tools and insights
    6.3 SERVICES
           FIGURE 40 MANAGED SERVICES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
           TABLE 20 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2018–2021 (USD MILLION)
           TABLE 21 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
           TABLE 22 SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 23 SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.3.1 PROFESSIONAL SERVICES
                    6.3.1.1 Technicalities involved in implementing accounts receivables automation solution to boost demand for professional services
                               FIGURE 41 IMPLEMENTATION & INTEGRATION SEGMENT TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                               TABLE 24 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2018–2021 (USD MILLION)
                               TABLE 25 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD MILLION)
                               TABLE 26 PROFESSIONAL SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 27 PROFESSIONAL SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.3.2 IMPLEMENTATION & INTEGRATION
                    6.3.2.1 Growing demand for these services to ensure better user experience, adhere to IT standards, and manage budgetary guidelines
                               TABLE 28 IMPLEMENTATION & INTEGRATION: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 29 IMPLEMENTATION & INTEGRATION: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.3.3 CONSULTING
                    6.3.3.1 Demand for consulting services to help organizations understand competencies of these solutions and services
                               TABLE 30 CONSULTING: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 31 CONSULTING: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.3.4 SUPPORT & MAINTENANCE
                    6.3.4.1 Support & maintenance services to help understand market trends, changing business conditions, and client insights
                               TABLE 32 SUPPORT & MAINTENANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 33 SUPPORT & MAINTENANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
           6.3.5 MANAGED SERVICES
                    6.3.5.1 Deployment of accounts receivable management solution to create the need for managed services to handle complex receivable processes
                               TABLE 34 MANAGED SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                               TABLE 35 MANAGED SERVICES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)

7 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE (Page No. - 97)
    7.1 INTRODUCTION
           7.1.1 DEPLOYMENT MODE: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
           7.1.2 DEPLOYMENT MODE: COVID-19 IMPACT
                    FIGURE 42 CLOUD SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 36 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                    TABLE 37 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
    7.2 ON-PREMISES
           7.2.1 LARGE ORGANIZATIONS TO DRIVE ON-PREMISES SOFTWARE DEPLOYMENT ADOPTION TO OVERCOME SECURITY CONCERNS OVER SENSITIVE DATA
                    TABLE 38 ON-PREMISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 39 ON-PREMISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    7.3 CLOUD
           7.3.1 COST-EFFECTIVENESS, EASY ACCESS, AND SCALABILITY TO BOOST CLOUD-BASED ACCOUNTS RECEIVABLE AUTOMATION SOLUTIONS’ ADOPTION
                    TABLE 40 CLOUD: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 41 CLOUD: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)

8 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE (Page No. - 103)
    8.1 INTRODUCTION
           8.1.1 ORGANIZATION SIZE: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
           8.1.2 ORGANIZATION SIZE: COVID-19 IMPACT
                    FIGURE 43 SMALL AND MEDIUM-SIZED ENTERPRISES SEGMENT TO GROW AT HIGHER CAGR DURING FORECAST PERIOD
                    TABLE 42 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                    TABLE 43 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
    8.2 LARGE ENTERPRISES
           8.2.1 GROWING NEED TO IMPROVE CASH FLOW AND ELIMINATE HUMAN ERRORS IN ACCOUNTING PROCESSES TO DRIVE ADOPTION
                    TABLE 44 LARGE ENTERPRISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 45 LARGE ENTERPRISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    8.3 SMALL AND MEDIUM-SIZED ENTERPRISES
           8.3.1 NEED FOR COST-EFFECTIVE SOLUTIONS TO DRIVE ADOPTION OF SOLUTIONS ACROSS SMALL AND MEDIUM-SIZED ENTERPRISES
                    TABLE 46 SMALL AND MEDIUM-SIZED ENTERPRISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 47 SMALL AND MEDIUM-SIZED ENTERPRISES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)

9 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL (Page No. - 108)
    9.1 INTRODUCTION
           9.1.1 VERTICAL: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
           9.1.2 VERTICAL: COVID-19 IMPACT
                    FIGURE 44 BANKING, FINANCIAL SERVICES, AND INSURANCE VERTICAL SEGMENT TO GROW AT LARGEST MARKET SIZE DURING FORECAST PERIOD
                    TABLE 48 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                    TABLE 49 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
    9.2 BANKING, FINANCIAL SERVICES, AND INSURANCE
           9.2.1 NEED TO MAXIMIZE STAFF PRODUCTIVITY AND SAVE TIME TO DRIVE ACCOUNTS RECEIVABLE AUTOMATION SOLUTIONS' ADOPTION
                    TABLE 50 BANKING, FINANCIAL SERVICES, AND INSURANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 51 BANKING, FINANCIAL SERVICES, AND INSURANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.3 IT & TELECOM
           9.3.1 INCREASING NEED TO STREAMLINE BUSINESS PROCESSES TO DRIVE ACCOUNTS RECEIVABLE AUTOMATION SOLUTIONS’ ADOPTION
                    TABLE 52 IT & TELECOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 53 IT & TELECOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.4 MANUFACTURING
           9.4.1 NEED FOR FASTER PAYMENT PROCESSING TO DRIVE ADOPTION OF ACCOUNTS RECEIVABLE AUTOMATION SOLUTION
                    TABLE 54 MANUFACTURING: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 55 MANUFACTURING: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.5 CONSUMER GOODS & RETAIL
           9.5.1 GROWING NECESSITY TO REDUCE COSTS, OPTIMIZE EFFICIENCY, AND STREAMLINE BACK-OFFICE FUNCTIONS TO DRIVE ADOPTION
                    TABLE 56 CONSUMER GOODS & RETAIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 57 CONSUMER GOODS & RETAIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.6 HEALTHCARE
           9.6.1 SURGING NEED TO MAINTAIN ACCURACY IN PAYMENT ACCEPTANCE PROCESS TO DRIVE ADOPTION
                    TABLE 58 HEALTHCARE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 59 HEALTHCARE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.7 ENERGY & UTILITIES
           9.7.1 GROWING NECESSITY TO CONTROL INCREASING OVERHEAD COSTS AND IMPROVE CASH FLOW TO DRIVE ADOPTION
                    TABLE 60 ENERGY & UTILITIES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                    TABLE 61 ENERGY & UTILITIES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
    9.8 OTHER VERTICALS
           TABLE 62 OTHER VERTICALS: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
           TABLE 63 OTHER VERTICALS: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)

10 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION (Page No. - 119)
     10.1 INTRODUCTION
             10.1.1 ACCOUNTS RECEIVABLE AUTOMATION MARKET: COVID-19 IMPACT
                       FIGURE 45 NORTH AMERICA TO LEAD ACCOUNTS RECEIVABLE AUTOMATION MARKET DURING FORECAST PERIOD
                       FIGURE 46 ASIA PACIFIC TO GROW AT HIGHEST CAGR DURING FORECAST PERIOD
                       TABLE 64 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2018–2021 (USD MILLION)
                       TABLE 65 ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY REGION, 2022–2027 (USD MILLION)
     10.2 NORTH AMERICA
             10.2.1 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
                       FIGURE 47 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET SNAPSHOT
                       TABLE 66 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 67 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 68 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2018–2021 (USD MILLION)
                       TABLE 69 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
                       TABLE 70 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2018–2021 (USD MILLION)
                       TABLE 71 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD MILLION)
                       TABLE 72 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 73 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 74 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 75 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
                       TABLE 76 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 77 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 78 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 79 NORTH AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             10.2.2 UNITED STATES
                       10.2.2.1 Presence of large number of accounts receivable automation solution providers to drive market growth in US
                                   TABLE 80 UNITED STATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 81 UNITED STATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 82 UNITED STATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 83 UNITED STATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 84 UNITED STATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 85 UNITED STATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.2.3 CANADA
                       10.2.3.1 Changing paradigm of businesses toward adopting digitalized solutions to fuel adoption of accounts receivable solutions in Canada
                                   TABLE 86 CANADA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 87 CANADA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 88 CANADA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 89 CANADA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 90 CANADA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 91 CANADA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
     10.3 EUROPE
             10.3.1 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
                       TABLE 92 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 93 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 94 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2018–2021 (USD MILLION)
                       TABLE 95 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
                       TABLE 96 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2018–2021 (USD MILLION)
                       TABLE 97 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD MILLION)
                       TABLE 98 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 99 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 100 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 101 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
                       TABLE 102 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 103 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 104 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 105 EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             10.3.2 UNITED KINGDOM
                       10.3.2.1 Need for efficient management of invoices to drive adoption of accounts receivable automation solution
                                   TABLE 106 UNITED KINGDOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 107 UNITED KINGDOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 108 UNITED KINGDOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 109 UNITED KINGDOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 110 UNITED KINGDOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 111 UNITED KINGDOM: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.3.3 GERMANY
                       10.3.3.1 Focus on smaller enterprises to provide enhanced AR automation experience to drive accounts receivable automation solutions’ adoption
                                   TABLE 112 GERMANY: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 113 GERMANY: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 114 GERMANY: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 115 GERMANY: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 116 GERMANY: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 117 GERMANY: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.3.4 FRANCE
                       10.3.4.1 Growing need among enterprises to improve operational efficiency to drive growth of accounts receivable automation market in France
                                   TABLE 118 FRANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 119 FRANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 120 FRANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 121 FRANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 122 FRANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 123 FRANCE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.3.5 REST OF EUROPE
                       TABLE 124 REST OF EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 125 REST OF EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 126 REST OF EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 127 REST OF EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 128 REST OF EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 129 REST OF EUROPE: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
     10.4 ASIA PACIFIC
             10.4.1 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
                       FIGURE 48 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET SNAPSHOT
                       TABLE 130 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 131 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 132 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2018–2021 (USD MILLION)
                       TABLE 133 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
                       TABLE 134 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2018–2021 (USD MILLION)
                       TABLE 135 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD MILLION)
                       TABLE 136 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 137 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 138 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 139 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
                       TABLE 140 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 141 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 142 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 143 ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             10.4.2 JAPAN
                       10.4.2.1 Growing investment in new technologies across Japan to maintain its position in global accounts receivable automation market
                                   TABLE 144 JAPAN: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 145 JAPAN: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 146 JAPAN: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 147 JAPAN: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 148 JAPAN: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 149 JAPAN: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.4.3 CHINA
                       10.4.3.1 Organizations’ demand to manage high-volume smaller accounts to drive accounts receivable automation solutions’ adoption
                                   TABLE 150 CHINA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 151 CHINA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 152 CHINA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 153 CHINA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 154 CHINA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 155 CHINA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.4.4 INDIA
                       10.4.4.1 Government focus on improving cash flow and reducing DSO to drive accounts receivable automation solutions’ adoption
                                   TABLE 156 INDIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 157 INDIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 158 INDIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 159 INDIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 160 INDIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 161 INDIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.4.5 AUSTRALIA
                       10.4.5.1 Need to manage customer accounts and meet diverse customer demands to drive accounts receivable automation solutions’ adoption
                                   TABLE 162 AUSTRALIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 163 AUSTRALIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 164 AUSTRALIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 165 AUSTRALIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 166 AUSTRALIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 167 AUSTRALIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.4.6 REST OF ASIA PACIFIC
                       TABLE 168 REST OF ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 169 REST OF ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 170 REST OF ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 171 REST OF ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 172 REST OF ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 173 REST OF ASIA PACIFIC: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
     10.5 MIDDLE EAST & AFRICA
             10.5.1 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
                       TABLE 174 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 175 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 176 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2018–2021 (USD MILLION)
                       TABLE 177 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
                       TABLE 178 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2018–2021 (USD MILLION)
                       TABLE 179 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD MILLION)
                       TABLE 180 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 181 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 182 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 183 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
                       TABLE 184 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 185 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 186 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 187 MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             10.5.2 KINGDOM OF SAUDI ARABIA
                       10.5.2.1 Compelling need to follow eInvoicing regulatory landscape to fuel demand for accounts receivable automation solutions
                                   TABLE 188 KINGDOM OF SAUDI ARABIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 189 KINGDOM OF SAUDI ARABIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 190 KINGDOM OF SAUDI ARABIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 191 KINGDOM OF SAUDI ARABIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 192 KINGDOM OF SAUDI ARABIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 193 KINGDOM OF SAUDI ARABIA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.5.3 UNITED ARAB EMIRATES
                       10.5.3.1 Growing need for efficient accounting processes among enterprises to drive growth of accounts receivable automation market
                                   TABLE 194 UNITED ARAB EMIRATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 195 UNITED ARAB EMIRATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 196 UNITED ARAB EMIRATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 197 UNITED ARAB EMIRATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 198 UNITED ARAB EMIRATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 199 UNITED ARAB EMIRATES: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.5.4 REST OF MIDDLE EAST & AFRICA
                       TABLE 200 REST OF MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 201 REST OF MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 202 REST OF MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 203 REST OF MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 204 REST OF MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 205 REST OF MIDDLE EAST & AFRICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
     10.6 LATIN AMERICA
             10.6.1 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET DRIVERS
                       TABLE 206 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 207 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 208 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2018–2021 (USD MILLION)
                       TABLE 209 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY SERVICE, 2022–2027 (USD MILLION)
                       TABLE 210 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2018–2021 (USD MILLION)
                       TABLE 211 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY PROFESSIONAL SERVICE, 2022–2027 (USD MILLION)
                       TABLE 212 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 213 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 214 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 215 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
                       TABLE 216 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2018–2021 (USD MILLION)
                       TABLE 217 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY VERTICAL, 2022–2027 (USD MILLION)
                       TABLE 218 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2018–2021 (USD MILLION)
                       TABLE 219 LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COUNTRY, 2022–2027 (USD MILLION)
             10.6.2 BRAZIL
                       10.6.2.1 Huge investments in finance sector to promote accounting process by introducing automation to drive its adoption
                                   TABLE 220 BRAZIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 221 BRAZIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 222 BRAZIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 223 BRAZIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 224 BRAZIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 225 BRAZIL: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.6.3 MEXICO
                       10.6.3.1 Growing need to streamline business operations to drive growth of accounts receivable automation market
                                   TABLE 226 MEXICO: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                                   TABLE 227 MEXICO: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                                   TABLE 228 MEXICO: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                                   TABLE 229 MEXICO: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                                   TABLE 230 MEXICO: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                                   TABLE 231 MEXICO: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)
             10.6.4 REST OF LATIN AMERICA
                       TABLE 232 REST OF LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2018–2021 (USD MILLION)
                       TABLE 233 REST OF LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY COMPONENT, 2022–2027 (USD MILLION)
                       TABLE 234 REST OF LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2018–2021 (USD MILLION)
                       TABLE 235 REST OF LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY DEPLOYMENT MODE, 2022–2027 (USD MILLION)
                       TABLE 236 REST OF LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2018–2021 (USD MILLION)
                       TABLE 237 REST OF LATIN AMERICA: ACCOUNTS RECEIVABLE AUTOMATION MARKET, BY ORGANIZATION SIZE, 2022–2027 (USD MILLION)

11 COMPETITIVE LANDSCAPE (Page No. - 181)
     11.1 OVERVIEW
     11.2 MARKET EVALUATION FRAMEWORK
               FIGURE 49 MARKET EVALUATION FRAMEWORK, 2019–2021
     11.3 KEY PLAYER STRATEGIES/RIGHT TO WIN
               TABLE 238 OVERVIEW OF STRATEGIES ADOPTED BY KEY ACCOUNTS RECEIVABLE AUTOMATION VENDORS
     11.4 REVENUE ANALYSIS
               FIGURE 50 HISTORICAL THREE-YEAR REVENUE ANALYSIS OF LEADING PLAYERS, 2019–2021 (USD BILLION)
     11.5 MARKET SHARE ANALYSIS
               FIGURE 51 ACCOUNTS RECEIVABLE AUTOMATION MARKET: MARKET SHARE ANALYSIS, 2021
               TABLE 239 ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEGREE OF COMPETITION
     11.6 COMPANY EVALUATION QUADRANT
               TABLE 240 COMPANY EVALUATION QUADRANT: CRITERIA
             11.6.1 STARS
             11.6.2 EMERGING LEADERS
             11.6.3 PERVASIVE PLAYERS
             11.6.4 PARTICIPANTS
                       FIGURE 52 ACCOUNTS RECEIVABLE AUTOMATION MARKET, KEY COMPANY EVALUATION MATRIX, 2022
             11.6.5 COMPANY PRODUCT FOOTPRINT ANALYSIS
                       TABLE 241 OVERALL COMPANY FOOTPRINT
                       TABLE 242 COMPANY COMPONENT FOOTPRINT
                       TABLE 243 COMPANY VERTICAL FOOTPRINT
                       TABLE 244 COMPANY REGION FOOTPRINT
     11.7 RANKING OF KEY PLAYERS
               FIGURE 53 RANKING OF KEY PLAYERS IN ACCOUNTS RECEIVABLE AUTOMATION MARKET, 2021
     11.8 STARTUP/SME EVALUATION MATRIX
               FIGURE 54 STARTUP/SME EVALUATION MATRIX: CRITERIA WEIGHTAGE
             11.8.1 PROGRESSIVE COMPANIES
             11.8.2 RESPONSIVE COMPANIES
             11.8.3 DYNAMIC COMPANIES
             11.8.4 STARTING BLOCKS
                       FIGURE 55 ACCOUNTS RECEIVABLE AUTOMATION MARKET (GLOBAL) STARTUP/SME COMPANY EVALUATION MATRIX, 2022
             11.8.5 COMPETITIVE BENCHMARKING
                       TABLE 245 ACCOUNTS RECEIVABLE AUTOMATION MARKET: DETAILED LIST OF KEY STARTUP/SMES
                       TABLE 246 ACCOUNTS RECEIVABLE AUTOMATION MARKET: COMPETITIVE BENCHMARKING OF KEY PLAYERS (STARTUPS/SMES)
     11.9 KEY MARKET DEVELOPMENTS
             11.9.1 PRODUCT LAUNCHES & ENHANCEMENTS
                       TABLE 247 PRODUCT LAUNCHES & ENHANCEMENTS, 2019–2022
             11.9.2 DEALS
                       TABLE 248 DEALS, 2019–2022

12 COMPANY PROFILES (Page No. - 201)
     12.1 INTRODUCTION
     12.2 MAJOR PLAYERS
(Business Overview, Solutions, Products & Services, Recent Developments, MnM View)*
             12.2.1 SAGE
                       TABLE 249 SAGE: BUSINESS OVERVIEW
                       FIGURE 56 SAGE: COMPANY SNAPSHOT
                       TABLE 250 SAGE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 251 SAGE: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
                       TABLE 252 SAGE: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
             12.2.2 SAP
                       TABLE 253 SAP: BUSINESS OVERVIEW
                       FIGURE 57 SAP: COMPANY SNAPSHOT
                       TABLE 254 SAP: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 255 SAP: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
             12.2.3 ORACLE
                       TABLE 256 ORACLE: BUSINESS OVERVIEW
                       FIGURE 58 ORACLE: COMPANY SNAPSHOT
                       TABLE 257 ORACLE: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 258 ORACLE: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
             12.2.4 WORKDAY
                       TABLE 259 WORKDAY: BUSINESS OVERVIEW
                       FIGURE 59 WORKDAY: COMPANY SNAPSHOT
                       TABLE 260 WORKDAY: PRODUCTS/SOLUTIONS/SERVICES OFFERED
                       TABLE 261 WORKDAY: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
                       TABLE 262 WORKDAY: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
             12.2.5 BOTTOMLINE TECHNOLOGIES
                       TABLE 263 BOTTOMLINE TECHNOLOGIES: BUSINESS OVERVIEW
                       FIGURE 60 BOTTOMLINE TECHNOLOGIES: COMPANY SNAPSHOT
                       TABLE 264 BOTTOMLINE TECHNOLOGIES: PRODUCT/SOLUTIONS/SERVICES OFFERED
                       TABLE 265 BOTTOMLINE TECHNOLOGIES: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
                       TABLE 266 BOTTOMLINE TECHNOLOGIES: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
             12.2.6 COMARCH
                       TABLE 267 COMARCH: BUSINESS OVERVIEW
                       FIGURE 61 COMARCH: COMPANY SNAPSHOT
                       TABLE 268 COMARCH: PRODUCT/SOLUTIONS/SERVICES OFFERED
                       TABLE 269 COMARCH: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
                       TABLE 270 COMARCH: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
             12.2.7 ESKER
                       TABLE 271 ESKER: BUSINESS OVERVIEW
                       FIGURE 62 ESKER: COMPANY SNAPSHOT
                       TABLE 272 ESKER: PRODUCT/SOLUTIONS/SERVICES OFFERED
                       TABLE 273 ESKER: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
                       TABLE 274 ESKER: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
             12.2.8 ZOHO
                       TABLE 275 ZOHO: BUSINESS OVERVIEW
                       TABLE 276 ZOHO: PRODUCT/SOLUTIONS/SERVICES OFFERED
                       TABLE 277 ZOHO: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
             12.2.9 BLACKLINE
                       TABLE 278 BLACKLINE: BUSINESS OVERVIEW
                       FIGURE 63 BLACKLINE: COMPANY SNAPSHOT
                       TABLE 279 BLACKLINE: PRODUCT/SOLUTIONS/SERVICES OFFERED
                       TABLE 280 BLACKLINE: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
                       TABLE 281 BLACKLINE: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
             12.2.10 HIGHRADIUS
                       TABLE 282 HIGHRADIUS: BUSINESS OVERVIEW
                       TABLE 283 HIGHRADIUS: PRODUCT/SOLUTIONS/SERVICES OFFERED
                       TABLE 284 HIGHRADIUS: ACCOUNTS RECEIVABLE AUTOMATION MARKET: NEW LAUNCHES
                       TABLE 285 HIGHRADIUS: ACCOUNTS RECEIVABLE AUTOMATION MARKET: DEALS
*Details on Business Overview, Solutions, Products & Services, Recent Developments, MnM View might not be captured in case of unlisted companies.
     12.3 OTHER VENDORS
             12.3.1 KOFAX
             12.3.2 FINANCIALFORCE
             12.3.3 EMAGIA
             12.3.4 VERSAPAY
             12.3.5 CORCENTRIC
             12.3.6 BILL.COM
             12.3.7 BILLTRUST
             12.3.8 QVALIA
             12.3.9 ACCOUNTING SEED
             12.3.10 REDWOOD SOFTWARE
     12.4 SME/STARTUPS
             12.4.1 YAYPAY
             12.4.2 INVOICED
             12.4.3 BILLINGPLATFORM
             12.4.4 EZYCOLLECT
             12.4.5 CHARGEBEE
             12.4.6 PAYSTAND
             12.4.7 TESORIO
             12.4.8 PIPEFY
             12.4.9 GAVITI
             12.4.10 SYNDER

13 ADJACENT MARKETS (Page No. - 251)
     13.1 INTRODUCTION TO ADJACENT MARKETS
               TABLE 286 ADJACENT MARKETS AND FORECASTS
     13.2 LIMITATIONS
     13.3 ACCOUNTS RECEIVABLE AUTOMATION MARKET ECOSYSTEM AND ADJACENT MARKETS
     13.4 ACCOUNTS PAYABLE AUTOMATION MARKET
             13.4.1 ACCOUNTS PAYABLE AUTOMATION MARKET, BY COMPONENT
                       TABLE 287 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
             13.4.2 ACCOUNTS PAYABLE AUTOMATION MARKET, BY ORGANIZATION SIZE
                       TABLE 288 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY ORGANIZATION SIZE, 2017–2024 (USD MILLION)
             13.4.3 ACCOUNTS PAYABLE AUTOMATION MARKET, BY DEPLOYMENT TYPE
                       TABLE 289 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY DEPLOYMENT TYPE, 2017–2024 (USD MILLION)
             13.4.4 ACCOUNTS PAYABLE AUTOMATION MARKET, BY VERTICAL
                       TABLE 290 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY VERTICAL, 2017–2024 (USD MILLION)
             13.4.5 ACCOUNTS PAYABLE AUTOMATION MARKET, BY REGION
                       TABLE 291 ACCOUNTS PAYABLE AUTOMATION MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)
     13.5 ARTIFICIAL INTELLIGENCE IN ACCOUNTING MARKET
             13.5.1 AI IN ACCOUNTING MARKET, BY COMPONENT
                       TABLE 292 AI IN ACCOUNTING MARKET SIZE, BY COMPONENT, 2017–2024 (USD MILLION)
             13.5.2 AI IN ACCOUNTING MARKET, BY DEPLOYMENT MODE
                       TABLE 293 AI IN ACCOUNTING MARKET SIZE, BY DEPLOYMENT MODE, 2017–2024 (USD MILLION)
             13.5.3 AI IN ACCOUNTING MARKET, BY TECHNOLOGY
                       TABLE 294 AI IN ACCOUNTING MARKET SIZE, BY TECHNOLOGY, 2017–2024 (USD MILLION)
             13.5.4 AI IN ACCOUNTING MARKET, BY ENTERPRISE SIZE
                       TABLE 295 AI IN ACCOUNTING MARKET SIZE, BY ENTERPRISE SIZE, 2017–2024 (USD MILLION)
             13.5.5 AI IN ACCOUNTING MARKET, BY APPLICATION
                       TABLE 296 AI IN ACCOUNTING MARKET SIZE, BY APPLICATION,  2017–2024 (USD MILLION)
             13.5.6 AI IN ACCOUNTING MARKET, BY REGION
                       TABLE 297 AI IN ACCOUNTING MARKET SIZE, BY REGION, 2017–2024 (USD MILLION)

14 APPENDIX (Page No. - 259)
     14.1 DISCUSSION GUIDE
     14.2 KNOWLEDGE STORE: MARKETSANDMARKETS’ SUBSCRIPTION PORTAL
     14.3 AVAILABLE CUSTOMIZATIONS
     14.4 RELATED REPORTS
     14.5 AUTHOR DETAILS

The study involves four major activities in estimating the current size of the accounts receivable automation market. Exhaustive secondary research was done to collect information on the market, peer market, and parent market. The next step was to validate these findings, assumptions, and sizing with industry experts across the value chain using primary research. Both top-down and bottom-up approaches were employed to estimate the total market size. After that, the market breakdown and data triangulation procedures were used to estimate the market size of the segments and sub segments of the accounts receivable automation market.

Secondary Research

The market size of the companies offering accounts receivable automation solutions and services was arrived at based on the secondary data. Various secondary sources were used to identify and collect the information required for the study. These include corporate filings, such as annual reports, investor presentations, and financial statements; trade data; press releases; white papers; journals; certified publications; articles by recognized authors; websites; directories; and databases. This secondary data was collected to arrive at the overall market size and was further validated by primary research.

Primary Research

In the primary research process, various primary sources from both supply and demand sides were interviewed to obtain qualitative and quantitative information on the market. The primary sources from the supply side included various industry experts, such as Chief Experience Officers (CXOs), Vice Presidents (VPs), directors from business development, marketing, and product development/innovation teams, and related key executives from accounts receivable automation vendors, managed accounts receivable automation providers, industry associations, independent consultants, and key opinion leaders.

Primary interviews have been conducted to gather insights, such as market statistics, latest trends disrupting the market, new use cases implemented, data of revenue collected from the products and services, market breakups, market size estimations, market forecasting, and data triangulation. Primary research also helped understand various trends related to the technology, application, deployment model, and region. Stakeholders from the demand side, such as Chief Information Officers (CIOs), Chief Technology Officers (CTOs), and Chief Security Officers (CSOs), and installation teams of governments/end users who use accounts receivable automation solutions were interviewed. This was done to understand the buyer’s perspective on the suppliers, products, service providers, and their current use of solutions, which would affect the overall accounts receivable automation market.

Accounts Receivable Automation   Size, and Share

To know about the assumptions considered for the study, download the pdf brochure

Market Size Estimation<

Top-down and bottom-up approaches were used to estimate and validate the size of the accounts receivable automation market and various other dependent subsegments. The research methodology used to estimate the market size included the following details: the key players in the market were identified through secondary research, and their revenue contributions in the respective countries were determined through primary and secondary research. This entire procedure included the study of the annual and financial reports of top market players and extensive interviews for key insights from industry leaders, such as Chief Executive Officers (CEOs), VPs, directors, and marketing executives. All percentage splits and breakups were determined using secondary sources and verified through primary sources.

In the top-down approach, an exhaustive list of all vendors offering solutions and services in the accounts receivable automation market was prepared. The revenue contribution of all vendors in the market was estimated through annual reports, press releases, funding, investor presentations, paid databases, and primary interviews. Both types of vendors that offer accounts receivable automations as a standalone solution, as well as an integrated solution in accounts receivable automation offerings, were considered for the evaluation of the market size. Each vendor was evaluated based on its product/solution offerings, services, functions, deployment modes, organization sizes, and verticals. The aggregate of all companies’ revenue was extrapolated to reach the overall market size. Each subsegment was studied and analyzed for its market size and regional penetration. The markets were triangulated through both primary and secondary research. The primary procedure included extensive interviews for key insights from industry leaders, such as CEOs, VPs, directors, and marketing executives. These market numbers were further triangulated with the existing MarketsandMarkets repository for validation.

In the bottom-up approach, the adoption trend of accounts receivable automation solutions and services among different verticals in key countries with respect to the regions that contribute to most of the market share was identified. For cross-validation, the adoption trend of solutions, along with different use cases, with respect to their business segments, has been identified and extrapolated. Weightage has been given to use cases identified in the different application areas for the calculation.

Data Triangulation

After arriving at the overall market size using the market size estimation processes as explained above, the market was split into several segments and subsegments. The data triangulation and market breakup procedures were employed, wherever applicable, to complete the overall market engineering process and arrive at the exact statistics of each market segment and subsegment. The data was triangulated by studying various factors and trends from both the demand and supply sides.

Report Objectives

  • To define, describe, segment, and forecast the size of the accounts receivable automation market by component (solutions and services), deployment mode, organization size, vertical, and region in terms of value
  • To forecast the market size for various segments with respect to five main regions: North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America, in terms of value
  • To provide detailed information regarding the drivers, restraints, opportunities, and challenges influencing the growth of the accounts receivable automation market
  • To study the complete value chain and related industry segments and perform a value chain analysis of the accounts receivable automation market landscape
  • To strategically analyze macro and micromarkets1 with respect to growth trends, prospects, and their contributions to the overall market
  • To analyze industry trends, patents & innovations, and pricing data related to the accounts receivable automation market
  • To analyze opportunities for stakeholders and provide a detailed competitive landscape of the market
  • To profile key players in the market and comprehensively analyze their market share/ranking and core competencies2
  • To analyze competitive developments, such as product launches/developments, partnerships, collaborations, and acquisitions, carried out by players in the accounts receivable automation market

1. Micromarkets are defined as the further segments and subsegments of the accounts receivable automation market included in the report.
2. Core competencies of the companies are captured in terms of their key developments and key strategies adopted by them to sustain their position in the market.

Available Customizations

Along with the market data, MarketsandMarkets offers customizations as per the company’s specific needs. The following customization options are available for the report:

Geographic Analysis

  • Further breakup of the Asia Pacific market into countries contributing 75% to the regional market size
  • Further breakup of the North American market into countries contributing 75% to the regional market size
  • Further breakup of the Latin American market into countries contributing 75% to the regional market size
  • Further breakup of the Middle Eastern & African market into countries contributing 75% to the regional market size
  • Further breakup of the European market into countries contributing 75% to the regional market size

Company Information

  • Detailed analysis and profiling of additional market players (up to 5)
Report Code
TC 7347
Published ON
Jun, 2022
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