Consumer Insights
Uncover trends and behaviors shaping consumer choices today
Procurement Insights
Optimize your sourcing strategy with key market data
Industry Stats
Stay ahead with the latest trends and market analysis.
Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Accounts Receivable Automation Market Size
The global accounts receivable automation market reached a value of approximately USD 3.64 billion in 2023. The market is assessed to grow at a CAGR of 13.9% between 2024 and 2032, reaching a value of around USD 11.76 billion by 2032.
Key Takeaways
- Growing online sales require efficient automated invoice processing to reduce errors and enhance cash flow.
- AI, ML, and cloud computing advancements enable quicker, more accurate invoice handling, reducing manual workload.
- Increasing preference for cloud-based solutions in accounts receivable boosts collaboration, efficiency, and flexibility.
Accounts receivable automation refers to replacing manual tasks of collection of payment and invoice generation for customers with automated systems, which, in turn, allows a company to save costs and enhance time efficiency. The adoption of accounts receivable automation solutions has modernised operations and streamlined financial transactions. Accounts receivable automation also reduces the risk of manual error and frees up human resources for other tasks.
The accounts receivable automation market is poised for significant growth, driven by a focus on reducing Days Sales Outstanding (DSO) and enhancing cash flow. This trend, coupled with the cost and time efficiencies of automated solutions, is propelling the market expansion. Automation addresses the error-prone and costly nature of manual processes, thereby improving liquidity management and credit decision-making.
Accounts Receivable Automation Market Report Snapshots
Accounts Receivable Automation Market Size
Accounts Receivable Automation Companies
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
Looking for specific insights?
Get in touch with us for a customized solution tailored to your unique requirements and save upto 35%!
Key Questions Answered in the Report
The market size reached a value of approximately USD 3.64 billion in 2023.
The market is expected to grow at a CAGR of 13.9% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach USD 11.76 billion by 2032.
The major market drivers include optimisation of invoice processing and increasing adoption of accounts receivable automation so as to simplify bill management.
The key trends fuelling the growth of the market include increased focus on reduction DSO, cost and time efficient nature of accounts receivable automation, and rising demand for cloud-based accounts receivable automation.
The major regions in the market are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The various end users in the market include BFSI, IT and telecom, manufacturing, healthcare, retail and consumer goods, and transportation and logistics, among others.
The accounts receivable automation ensures enhanced efficiency and security along with improved management oversight.
The significant components in the market include solutions and services.
The key players in the global accounts receivable automation market are SAP SE, Oracle Corporation, Kofax, Inc, Quadient (Yaypay, Inc), SK Global Software, Corcentric, LLC, HighRadius Corporation, Qvalia Group AB, MHC Software Holdings, Inc, and Bill.com, LLC, among others.
Purchase Full Report
Datasheet
- Selected Sections, One User
- Printing Not Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Single User License
One User
- All Sections, One User
- One Print Allowed
- Email Delivery in PDF
Free Limited CustomisationPost Sales Analyst Support50% Discount on Next Update
Five User License
Five Users
- All Sections, Five Users
- Five Prints Allowed
- Email Delivery in PDF
- Free Limited Customisation
- Post Sales Analyst Support
50% Discount on Next Update
Corporate License
Unlimited Users
- All Sections, Unlimited Users
- Unlimited Prints Allowed
- Email Delivery in PDF + Excel
- Free Limited Customisation
- Post Sales Analyst Support
- 50% Discount on Next Update
How To Order
Our step-by-step guide will help you select, purchase, and access your reports swiftly, ensuring you get the information that drives your decisions, right when you need it.
Select License Type
Choose the right license for your needs and access rights.
Click on ‘Buy Now’
Add the report to your cart with one click and proceed to register.
Select Mode of Payment
Choose a payment option for a secure checkout. You will be redirected accordingly.
Gain insights to stay ahead and seize opportunities.
Get insights & trends for a competitive edge.
Track prices with detailed trend reports.
Analyse trade data for supply chain insights.
Leverage cost reports for smart savings
Enhance supply chain with partnerships.
Connect For More Information
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
Our expert team of analysts will offer full support and resolve any queries regarding the report, before and after the purchase.
We employ meticulous research methods, blending advanced analytics and expert insights to deliver accurate, actionable industry intelligence, staying ahead of competitors.
Our skilled analysts offer unparalleled competitive advantage with detailed insights on current and emerging markets, ensuring your strategic edge.
We offer an in-depth yet simplified presentation of industry insights and analysis to meet your specific requirements effectively.
Subscribe to our Newsletter
By subscribing you agree to with our privacy policy and provide
consent to
receive
updates
from our company.
Locations
United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City,1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124