Market Share: Account Payables and Receivables Application (AP and AR), 2025, China

Quadrant Knowledge Solutions Reveals that Accounts Payables and Accounts Receivables Applications Platform Market is Projected to Register a CAGR of below average by 2030 in China. 

The Account Receivable and Payable (AR/AP) applications market in China is projected to register a CAGR below the global average by 2030. Despite the country's rapid economic growth, the adoption of advanced AR/AP solutions faces challenges such as regulatory complexities, data security concerns, and varied levels of technological infrastructure across regions. However, there is a growing awareness among Chinese businesses of the benefits of digital transformation in improving financial processes and operational efficiency. While the market growth is slower compared to other regions, there is steady progress as organizations begin to recognize the value of automating their financial workflows to enhance cash flow management and reduce manual errors. 

Quadrant Knowledge Solutions defines “Accounts Receivable and Payable (AR/AP) application platforms are comprehensive software tools that enable organizations to automate, manage, and track both outgoing and incoming financial transactions. These platforms streamline the entire accounts payable and receivable processes by handling invoice entries, payment collections, and reconciliation with purchase orders. AR/AP applications provide robust reporting and analytical capabilities, offering real-time visibility into the status of outstanding invoices and payments. They help organizations improve cash flow management, maintain good customer and vendor relationships, and ensure accurate financial reporting. By automating manual tasks and enhancing visibility and control over critical financial data, these platforms support various business functions, including human resource requirements, enterprise resource planning, and other financial and risk affairs.” 

Key questions this study will answer: 

• What is the current state of competition in the Accounts Receivable and Payable (AR/AP) application platforms China market? 

• What is the market share held by major vendors in China market? 

• What are the key competitive dynamics in China markets for Accounts Receivable and Payable (AR/AP) application platforms?  

• Are there vendors specializing in specific industries? 

• How do different vendors compare in terms of their offerings of cloud-based versus on-premises solutions? 

• What competitive factors impact the China market positioning of different vendors? 

• What are the relative strengths and challenges of the vendors operating in China market? 

• How do different vendors position themselves competitively across customer segments, from SMBs to large enterprises? 
   

Vendors covered in this Study: 

Aptic, Bill.com, Billtrust, BlackLine, BlueSnap, Cforia, Doxee, Emagia, Esker, Exela, HighRadius, Invoiced, Lockstep, Sage, Serrala, Sidetrade, Tesorio, VersaPay, Quadient, Coupa, Basware, Emburse, SAP Ariba, AvidXchange, Tipalti, DocuPhase, and MHC Automation, Corcentric, Medius, Stampli, Pagero, MineralTree, and Ottimtate 
 

Table of Content: 

Chapter 01: Executive Summary 

• Key Research Findings 

• Top Predictions 

• Top Trends 

• Market Summary  

Chapter 02: Market Overview 

• Market Definition and Scope 

• Key Factors Impacting the Market  

• Drivers & Restraints  

Chapter 03: Market Share Analysis 

• China Market Share  

• China Market Share by Industry Verticals 

• Market Share by Media & Entertainment 

• Market Share by Retail 

• Market Share by BFSI 

• Market Share by Travel & Hospitality 

• Market Share by Education 

• Market Share by Public Sector 

• Market Share by Healthcare & Life Science 

• Market Share by Automotive 

• Market Share by Food & Beverage 

• China Market Share by Deployment Type 

• Market Share by Deployment Type: On prem  

• Market Share by Deployment Type: Cloud  

• China Market Share by Customer Type  

• Market Share by SMB  

• Market Share by Large  

• Market Share by Enterprise  

Chapter 04: Company Profile 

• Company Overview  

• Analyst Perspectives and Analysis 

Chapter 05: Appendix 

• Research Methodologies 
   

List of Figures  

• Fig. 1 Market Share of Accounts Payables and Accounts Receivables Applications platform China, 2025 

• Fig. 2 China Market Share of Accounts Payables and Accounts Receivables Applications platform IT & Telecom Industry, 2025 

• Fig. 3 China Market Share of Accounts Payables and Accounts Receivables Applications platform Banking & Financial Services Industry, 2025 

• Fig. 4 China Market Share of Accounts Payables and Accounts Receivables Applications platform Insurance Industry, 2025 

• Fig. 5 China Market Share of Accounts Payables and Accounts Receivables Applications platform Healthcare Industry, 2025 

• Fig. 6 China Market Share of Accounts Payables and Accounts Receivables Applications platform Government & Public Sector, 2025 

• Fig. 7 China Market Share of Accounts Payables and Accounts Receivables Applications platform Retail & eCommerce, 2025 

• Fig. 8 China Market Share of Accounts Payables and Accounts Receivables Applications platform Manufacturing, 2025 

• Fig. 9 China Market Share of Accounts Payables and Accounts Receivables Applications platform Hospitality, 2025 

• Fig. 10 China Market Share of Accounts Payables and Accounts Receivables Applications platform On-premises Deployment, 2025 

• Fig. 11 China Market Share of Accounts Payables and Accounts Receivables Applications platform Cloud Deployment, 2025 

• Fig. 12 China Market Share of Accounts Payables and Accounts Receivables Applications platform SMB Customers, 2025 

• Fig. 13 China Market Share of Accounts Payables and Accounts Receivables Applications platform Large Customers, 2025 

• Fig. 14 China Market Share of Accounts Payables and Accounts Receivables Applications platform Enterprise Customers, 2025 
   

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