Global Accounts Receivable Automation Market: Industry Analysis and Forecast (2019-2026)
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Global Accounts Receivable Automation Market has valued US$ XX Bn in 2018 and is expected to reach US$ 5.7 Bn by 2026, at a CAGR of around XX % during a forecast period.
Accounts receivable (AR) automation software helps companies optimize their consumer invoicing and payments processes. Main purpose is to confirm that customers pay for the goods or services they received. This type of software is used to streamline the financial transactions between a company and its consumers. It is used by accountants and the employees responsible for accounts receivable, but can also be used by managers and executives to track the effectiveness of the accounts receivable team or department.
AR automation simplifies the processing of large volumes of customer invoices, which can considerably reduce the time accountants spend collecting payments from consumers. It can also rise the accuracy of invoicing and payments processes, which has a positive impact on the cash flow of the company and its profitability. From a compliance perspective, AR automation offers valuable information for the preparation of regulatory financial reporting.
The report covers all the trends and technologies playing a major role in the growth of the accounts receivable market over the forecast period. It highlights the drivers, restraints, and opportunities expected to influence the market growth during the forecast period.
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