Accounts Receivable & Accounts Payable Automation Market
Accounts Receivable & Accounts Payable
Automation Market Scope: Industry Analysis, Market
Size, Growth, Trends Till 2031
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Accounts Receivable & Accounts Payable Automation
Market Size and Growth
The global market for Accounts Receivable & Accounts Payable Automation is experiencing significant growth due to the increasing demand for streamlined financial processes. The market size is projected to reach $10.1 billion by 2025, driven by the need for cost-effective solutions and improved efficiency in managing receivables and payables.
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Companies Covered
(Covid 19 Impact Covered)
◍ SAP Ariba
◍ Beanworks
◍ Sage
◍ Xero
◍ Tipalti
◍ Freshbooks
◍ Stampli
◍ MineralTree
◍ AvidXchange
◍ FinancialForce
◍ Bill.com
◍ PaySimple
◍ BlueSnap (Armatic)
◍ Oracle
◍ Nvoicepay
◍ Esker
◍ SutiSoft
◍ Emburse (Chrome River)
The Accounts Receivable & Accounts Payable Automation market is highly competitive with companies like SAP Ariba, Beanworks, Sage, Xero, Tipalti, Freshbooks, Stampli, MineralTree, AvidXchange, FinancialForce, Bill.com, PaySimple, BlueSnap, Oracle, Nvoicepay, Esker, SutiSoft, Emburse, Zycus, FIS, Bottomline Technologies, Coupa Software, Comarch, Vanguard Systems, Procurify offering solutions. These companies offer automation software that streamline invoicing, payment processing, expense management, and reporting to improve efficiency and accuracy.
- SAP Ariba: $3.5 billion
- Sage: $2.1 billion
- Oracle: $39.1 billion
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Market Segmentation
By Application
SMEs
Large Enterprises
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By Product
Cloud-based
On-premises
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Market Growth
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$ 4.90 Billion
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