Accounts Receivable Automation Market

Accounts Receivable Automation Market

Accounts Receivable Automation Market Forecasts to 2030 - Global Analysis By Component (Services and Solutions), Deployment Mode (Cloud and On-premise), Organization Size, End User and By Geography

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Published: 2023 ID: SMRC23857

This report covers the impact of COVID-19 on this global market

Years Covered


Estimated Year Value (2023)

US $3.83 BN

Projected Year Value (2030)

US $10.96 BN

CAGR (2023 - 2030)


Regions Covered

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

Countries Covered

US, Canada, Mexico, Germany, UK, Italy, France, Spain, Japan, China, India, Australia, New Zealand, South Korea, Rest of Asia Pacific, South America, Argentina, Brazil, Chile, Middle East & Africa, Saudi Arabia, UAE, Qatar, and South Africa

Largest Market

Asia Pacific

Highest Growing Market

North America

According to Stratistics MRC, the Global Accounts Receivable Automation Market is accounted for $3.83 billion in 2023 and is expected to reach $10.96 billion by 2030 growing at a CAGR of 16.2% during the forecast period. Accounts Receivable Automation is the practise of managing and collecting payments from clients in an efficient and effective manner via the use of software and technology. Accounts receivable-related operations like as invoice production, payment processing, reconciliation, and reporting are all included in this automation. Automated systems can match incoming payments to the appropriate invoices automatically. It enhances the accuracy, efficiency, and effectiveness of financial operations inside businesses, resulting in improved cash flow management and more solid client connections.

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.

Market Dynamics:


Increasing adoption of cloud computing and AI

Businesses are shifting their workloads to the cloud more frequently because it offers greater data recovery and risk reduction. Accounts receivable automation is enhanced by the usage of cloud computing since it offers a safe, adaptable, and affordable infrastructure for handling financial operations. It gives organisations the freedom to take use of automation's advantages without being constrained by conventional on-premises technologies. Cloud-based automation enables consistent access to and control of accounts receivable operations across several locations and time zones for businesses with a worldwide presence. These elements are accelerating the market's expansion.


Lack of monitoring and oversight

Accounts receivable automation that is not monitored and overseen can have a number of detrimental effects on a company. It's possible that automation systems can't always tell when something is unusual or abnormal and needs human involvement. Customers may therefore skip or make late payments as a result. Errors in data input, processing, or computations might go undetected in the absence of adequate monitoring. Financial records and reporting that contain these flaws may be erroneous. It may result in errors, sluggish financial reporting, and compliance procedures that hamper market demand.


Rising use of AR automation in small and medium enterprises (SMEs)

Growing use of AR automation in small and medium-sized businesses (SMEs) to accelerate and streamline accounts receivable processes, reduce manual labour, and free up staff to concentrate on higher-value tasks is one of the main factors boosting the accounts receivable automation market growth globally. Automating the creation, amendment, and distribution of invoices to clients, helps to reduce errors in the billing and invoicing processes. This, together with the release of mobile apps that make it easier for remote teams, paints a positive picture for the market.


Privacy & compliance concerns

Privacy and compliance concerns are significant considerations when implementing accounts receivable automation. Automation systems handle a wealth of sensitive financial data, including customer payment information. Proper measures must be in place to ensure the confidentiality and security of this information. Addressing these privacy and compliance concerns that hinders the market growth is crucial for organizations implementing accounts receivable automation.

Covid-19 Impact

Businesses prioritised and accelerated the use of accounts receivable automation as a result of the COVID-19 outbreak. It emphasised how crucial digital transformation is to preserving operational continuity and resilience during emergencies. The epidemic brought to light the flaws in manual, paper-based procedures. Automation made it possible for organisations to switch to digital processes, which minimised the need for paper documents and permitted remote access. Around 64% of global firms shifted from the physical mode of invoices, and nearly 67% of firms are receiving more payments digitally.

The cloud segment is expected to be the largest during the forecast period

The cloud segment is estimated to have a lucrative growth. Cloud 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.

The banking, financial services & insurance (BFSI) segment is expected to have the highest CAGR during the forecast period

The banking, financial services & insurance (BFSI) segment is anticipated to witness the fastest CAGR growth during the forecast period. Through the simplification and improvement of numerous financial operations, accounts receivable automation plays a significant role in the BFSI sector. It speeds up payment processing and lessens human error that comes with manual data entering and processing. The accounts receivable process may be automated to help financial institutions better understand their cash flow trends. The category growth is rising due to its operational effectiveness, decreased risks, improved customer experience, and provision of insightful data.

Region with largest share:

Asia Pacific is projected to hold the largest market share during the forecast period due to its strong economic growth, globalisation, digitization, and growing internet penetration. There is also greater competitiveness between the regional players. Accounts receivable automation solutions are becoming increasingly popular in the region as a result of government measures to support digital infrastructure, the rising need for precise accounting procedure control, and on-time payment processing.

Region with highest CAGR:

North America is projected to have the highest CAGR over the forecast period. North America has a well-established economy, better adoption and uptake of cutting-edge technology, and higher levels of regional rivalry. The region's market for accounts receivable automation has grown as a result of the rising need for automated and secure payment operations. Additionally, the presence of several well-known market competitors in the area, including Oracle Corporation, Workday, BlackLine, and Bottomline Technologies, is a major driver of the industry's expansion and the need for these solutions.

Key players in the market

Some of the key players profiled in the Accounts Receivable Automation Market include Oracle Corporation, SAP SE, HighRadius Corporation, Workday Inc., Comarch SA, SK Global Software, Qvalia AB, Quadient (YayPay Inc.), Esker Inc., Kofax Inc., Holdings Inc., Zoho Corporation, MHC Automation, Corcentric LLC, Bottomline Technologies, Sage Software Solution, BlackLine, Microsoft Corporation, VersaPay Corporation and Emagia Corporation.

Key Developments:

In September 2023, Oracle expanded its Oracle Banking Cloud Services portfolio to help banks quickly launch comprehensive transaction banking offerings spanning cash management, liquidity management, and virtual account management. Oracle also introduced new enhancements to its Oracle Banking Accounts Cloud Service and Oracle Banking Enterprise Limits and Collateral Management Cloud Service.

In May 2023, Sage, the leader in accounting, financial, HR and payroll technology for small and mid-sized businesses, announced a major step forward in the development of connected accounting at its Partner Summit, LV23. The advanced automation offered by Sage Network eliminates the need for manual data processing between companies, thereby enhancing data accessibility to support better decision-making regarding the use of working capital.

In March 2022, Esker announced a partnership with Fujitsu Asia, the regional headquarters for the Fujitsu group of companies in ASEAN. As part of the agreement, Fujitsu Asia would provide consultation, implementation, and support for Esker’s Procure-to-Pay and Order-to-Cash suites to its customers in Singapore.

In January 2022, BlackLine acquired FourQ Systems. With the acquisition, the company aims to improve and strengthen its accounting automation capabilities and market position by accelerating the seamless automation of accounting procedures & improving modernization.

Components Covered:
• Services
• Solutions

Deployment Modes Covered:
• Cloud
• On-premise

Organization Sizes Covered:
• Small Enterprises
• Medium Enterprises
• Large Enterprises

End Users Covered:
• Healthcare
• Banking, Financial Services & Insurance (BFSI)
• Manufacturing
• IT & Telecom
• Transportation & Logistics
• Consumer Goods & Retail
• Energy & Utilities
• Other End Users

Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o Qatar
o South Africa
o Rest of Middle East & Africa

What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements

Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
o Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances

Table of Contents

1 Executive Summary

2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions

3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 End User Analysis
3.7 Emerging Markets
3.8 Impact of Covid-19

4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry

5 Global Accounts Receivable Automation Market, By Component
5.1 Introduction
5.2 Services
5.2.1 Implementation & Integration Services
5.2.2 Managed Services
5.2.3 Support & Maintenance Services
5.2.4 Consulting Services
5.3 Solutions
5.3.1 Cash Application Automation
5.3.2 Bill Presentment & Payment
5.3.3 Receivables Analytics
5.3.4 Collections Management
5.3.5 Deductions Management
5.3.6 Dispute Management
5.3.7 Credit Evaluation & Management

6 Global Accounts Receivable Automation Market, By Deployment Mode
6.1 Introduction
6.2 Cloud
6.3 On-premise

7 Global Accounts Receivable Automation Market, By Organization Size
7.1 Introduction
7.2 Small Enterprises
7.3 Medium Enterprises
7.4 Large Enterprises

8 Global Accounts Receivable Automation Market, By End User
8.1 Introduction
8.2 Healthcare
8.3 Banking, Financial Services & Insurance (BFSI)
8.4 Manufacturing
8.5 IT & Telecom
8.6 Transportation & Logistics
8.7 Consumer Goods & Retail
8.8 Energy & Utilities
8.9 Other End Users

9 Global Accounts Receivable Automation Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa

10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies

11 Company Profiling
11.1 Oracle Corporation
11.2 SAP SE
11.3 HighRadius Corporation
11.4 Workday Inc.
11.5 Comarch SA
11.6 SK Global Software
11.7 Qvalia AB
11.8 Quadient (YayPay Inc.)
11.9 Esker Inc.
11.10 Kofax Inc.
11.11 Holdings Inc.
11.12 Zoho Corporation
11.13 MHC Automation
11.14 Corcentric LLC
11.15 Bottomline Technologies
11.16 Sage Software Solution
11.17 BlackLine
11.18 Microsoft Corporation
11.19 VersaPay Corporation
11.20 Emagia Corporation

List of Tables
1 Global Accounts Receivable Automation Market Outlook, By Region (2021-2030) ($MN)
2 Global Accounts Receivable Automation Market Outlook, By Component (2021-2030) ($MN)
3 Global Accounts Receivable Automation Market Outlook, By Services (2021-2030) ($MN)
4 Global Accounts Receivable Automation Market Outlook, By Implementation & Integration Services (2021-2030) ($MN)
5 Global Accounts Receivable Automation Market Outlook, By Managed Services (2021-2030) ($MN)
6 Global Accounts Receivable Automation Market Outlook, By Support & Maintenance Services (2021-2030) ($MN)
7 Global Accounts Receivable Automation Market Outlook, By Consulting Services (2021-2030) ($MN)
8 Global Accounts Receivable Automation Market Outlook, By Solutions (2021-2030) ($MN)
9 Global Accounts Receivable Automation Market Outlook, By Cash Application Automation (2021-2030) ($MN)
10 Global Accounts Receivable Automation Market Outlook, By Bill Presentment & Payment (2021-2030) ($MN)
11 Global Accounts Receivable Automation Market Outlook, By Receivables Analytics (2021-2030) ($MN)
12 Global Accounts Receivable Automation Market Outlook, By Collections Management (2021-2030) ($MN)
13 Global Accounts Receivable Automation Market Outlook, By Deductions Management (2021-2030) ($MN)
14 Global Accounts Receivable Automation Market Outlook, By Dispute Management (2021-2030) ($MN)
15 Global Accounts Receivable Automation Market Outlook, By Credit Evaluation & Management (2021-2030) ($MN)
16 Global Accounts Receivable Automation Market Outlook, By Deployment Mode (2021-2030) ($MN)
17 Global Accounts Receivable Automation Market Outlook, By Cloud (2021-2030) ($MN)
18 Global Accounts Receivable Automation Market Outlook, By On-premise (2021-2030) ($MN)
19 Global Accounts Receivable Automation Market Outlook, By Organization Size (2021-2030) ($MN)
20 Global Accounts Receivable Automation Market Outlook, By Small Enterprises (2021-2030) ($MN)
21 Global Accounts Receivable Automation Market Outlook, By Medium Enterprises (2021-2030) ($MN)
22 Global Accounts Receivable Automation Market Outlook, By Large Enterprises (2021-2030) ($MN)
23 Global Accounts Receivable Automation Market Outlook, By End User (2021-2030) ($MN)
24 Global Accounts Receivable Automation Market Outlook, By Healthcare (2021-2030) ($MN)
25 Global Accounts Receivable Automation Market Outlook, By Banking, Financial Services & Insurance (BFSI) (2021-2030) ($MN)
26 Global Accounts Receivable Automation Market Outlook, By Manufacturing (2021-2030) ($MN)
27 Global Accounts Receivable Automation Market Outlook, By IT & Telecom (2021-2030) ($MN)
28 Global Accounts Receivable Automation Market Outlook, By Transportation & Logistics (2021-2030) ($MN)
29 Global Accounts Receivable Automation Market Outlook, By Consumer Goods & Retail (2021-2030) ($MN)
30 Global Accounts Receivable Automation Market Outlook, By Energy & Utilities (2021-2030) ($MN)
31 Global Accounts Receivable Automation Market Outlook, By Other End Users (2021-2030) ($MN)

Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.

List of Figures


Research Methodology

We at Stratistics opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.

Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.

Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.

Data Mining

The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.

Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.

Data Analysis

From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:

  • Product Lifecycle Analysis
  • Competitor analysis
  • Risk analysis
  • Porters Analysis
  • PESTEL Analysis
  • SWOT Analysis

The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.

Data Validation

The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.

We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants

Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.

For more details about research methodology, kindly write to us at

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