Accounts Receivable Automation, is the modernisation of accounts receivable processes through automated, electronic systems to reduce repetitive and time-consuming tasks.

Accounts Payable automation (AP Automation) refers to technology that is used to streamline and automate accounts payable processes, removing manual tasks and providing better visibility and control over important financial data.

Accounts receivable / accounts payable automation is mainly classified into the following types: cloud-based and on-premises. Cloud based product is the most widely used type which takes up about 79.5% of the global market in 2019.

Accounts receivable / accounts payable automation has wide range of applications, can be classified them into Large Enterprises (above 300 employees) and SMEs. And SMEs was the most widely used area which took up about 73.3% of the global total in 2019.

USA, Germany, Canada, France, UK etc. are now the key providers of accounts receivable / accounts payable automation.

North America is the largest region of accounts receivable / accounts payable automation in the world in the past few years and it will keep increasing in the next few years. North America market took up about 45.85% the global market in 2019, while Europe and APAC were about 26.08%, 20.35%.

AvidXchange, Sage, Bill.com, Zycus, Coupa Software, Freshbooks, SAP Ariba, Xero, Bottomline Technologies, FIS, etc. are the key suppliers in the global accounts receivable / accounts payable automation market. Top 10 took up about 38% of the global market in 2019.

Market Analysis and Insights: Global Accounts Receivable & Accounts Payable Automation Market

The global Accounts Receivable & Accounts Payable Automation market size is projected to reach US$ 5345.3 million by 2027, from US$ 2368 million in 2020, at a CAGR of 12.3% during 2021-2027.

With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Accounts Receivable & Accounts Payable Automation market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Accounts Receivable & Accounts Payable Automation market in terms of revenue.

On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Accounts Receivable & Accounts Payable Automation market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Accounts Receivable & Accounts Payable Automation market.

Global Accounts Receivable & Accounts Payable Automation Scope and Market Size

Accounts Receivable & Accounts Payable Automation market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Accounts Receivable & Accounts Payable Automation market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type

  • Cloud-based
  • On-premises

Segment by Application

  • SMEs
  • Large Enterprises

By Region

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • France
  • U.K.
  • Italy
  • Russia
  • Nordic
  • Rest of Europe
  • Asia-Pacific
  • China
  • Japan
  • South Korea
  • Southeast Asia
  • India
  • Australia
  • Rest of Asia
  • Latin America
  • Mexico
  • Brazil
  • Rest of Latin America
  • Middle East & Africa
  • Turkey
  • Saudi Arabia
  • UAE
  • Rest of MEA

By Company

  • SAP Ariba
  • Beanworks
  • Sage
  • Xero
  • Tipalti
  • Freshbooks
  • Stampli
  • MineralTree
  • AvidXchange
  • FinancialForce
  • Bill.com
  • PaySimple
  • BlueSnap (Armatic)
  • Oracle
  • Nvoicepay
  • Esker
  • SutiSoft
  • Emburse (Chrome River)
  • Zycus
  • FIS
  • Bottomline Technologies
  • Coupa Software
  • Comarch
  • Vanguard Systems
  • Procurify

Reasons to Purchase Our Research Report:

  • Analyzing the outlook of the market with the recent trends and SWOT analysis
  • Market dynamics scenario, along with growth opportunities of the market in the years to come
  • Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and non-economic aspects
  • Regional and country-level analysis integrating the demand and supply forces that are influencing the growth of the market.
  • Market value (USD Million) and volume (Units Million) data for each segment and sub-segment
  • Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • Analyst support, along with the data support in excel format.

Table of content

1 Report Overview
1.1 Study Scope
1.2 Market Analysis by Type
1.2.1 Global Accounts Receivable & Accounts Payable Automation Market Size Growth Rate by Type: 2016 VS 2021 VS 2027
1.2.2 Cloud-based
1.2.3 On-premises
1.3 Market by Application
1.3.1 Global Accounts Receivable & Accounts Payable Automation Market Share by Application: 2016 VS 2021 VS 2027
1.3.2 SMEs
1.3.3 Large Enterprises
1.4 Study Objectives
1.5 Years Considered

2 Global Growth Trends
2.1 Global Accounts Receivable & Accounts Payable Automation Market Perspective (2016-2027)
2.2 Accounts Receivable & Accounts Payable Automation Growth Trends by Regions
2.2.1 Accounts Receivable & Accounts Payable Automation Market Size by Regions: 2016 VS 2021 VS 2027
2.2.2 Accounts Receivable & Accounts Payable Automation Historic Market Share by Regions (2016-2021)
2.2.3 Accounts Receivable & Accounts Payable Automation Forecasted Market Size by Regions (2022-2027)
2.3 Accounts Receivable & Accounts Payable Automation Industry Dynamic
2.3.1 Accounts Receivable & Accounts Payable Automation Market Trends
2.3.2 Accounts Receivable & Accounts Payable Automation Market Drivers
2.3.3 Accounts Receivable & Accounts Payable Automation Market Challenges
2.3.4 Accounts Receivable & Accounts Payable Automation Market Restraints

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