Accounts Receivable Automation Market: Size, Share, Trends, Current and Future Analysis

Growing focus on the improvement of cash flow and reduction in days sales outstanding and reduced accounting cycle time are the major factors driving the growth of the accounts receivable automation market.

Read@ https://www.marketsandmarkets.....com/Market-Reports/a

The services segment of accounts receivable automation to grow at the highest growth rate during the forecast period

Services play a crucial role in efficiently carrying out various tasks performed in the entire receivable process of an organization. The services segment has been broadly classified into consulting and implementation, and support and maintenance services. Accounts receivable automation vendors offer services to plan, design, implement, and deploy accounts receivable solutions. The increase in the number of digital transactions in the emerging economies is expected to fuel the demand for accounts receivable automation services. The demand for consulting and implementation services is expected to increase in the accounts receivable automation market with an increase in the adoption of accounts receivable automation technology-based solutions. Services form an integral part of the software lifecycle and expected to boost the growth rate of the accounts receivable automation market during the forecast period.