SPARK Matrix™: Accounts Receivable Applications, 2022 

“Accounts Receivable Applications helps organizations to track, analyze, generate, and manage the process of receiving money it owes from respective vendors. Apart from automating the entire order-to-cash process, the application provides insights on the collection of funds, processing of invoices & cash collections, managing communication between debtor & debtee, and visibility into customers’ accounts. The applications leverage artificial intelligence (AI) and machine learning (ML) for streamlining the accounts receivable processes, managing cash flow, analyzing account status, payment pattern, & capacity of the account holder, and forecasting the capability of debtee to pay the amount owed.”   

Quadrant Knowledge Solutions’ Accounts Receivable Applications market research includes detailed global market analysis. It mainly comprises short-term and long-term growth opportunities, emerging technology trends, market trends, and future market outlook. The study provides a comprehensive market forecast analysis of the global market and the overall market adoption rate. It aims to provide strategic information for technology vendors to enhance their understanding of the market and support their growth strategies by evaluating different vendors' capabilities, competitive differentiation, and market position. 

The research includes detailed competition analysis and vendor evaluation with the proprietary SPARK Matrix analysis. The SPARK Matrix includes ranking and positioning of the leading Accounts Receivable Applications vendors with a global impact, including – Aptic, Bill.com, Billtrust, Blackline, Bluesnap, Cforia, Dun & Bradstreet, Esker, Exela, Highradius, Lockstep, Sage, SAP, Serrala, Sidetrade, Versapay, YayPay by Quadient. 

According to Nikhilesh Naik, Analyst at Quadrant Knowledge Solutions, “Accounts Receivable Applications analyzes the financial perspective of the company, streamlines the transactional flow of business processes, and helps the organizations in receiving the owed amounts to maintain cash flow. Accounts Receivable Applications vendors automate order-to-cash process, analyzes customer history & transactional patterns for predicting payment flow & risk, user-friendly interface for managing & monitoring cash flow activities, and offers a compliant system for automatic delivery of invoices, communications, & collections. Vendors are now focusing on creating a unified platform to combinely offer all core SaaS modules (AR, AP, & Treasury) with a single master data and security layer. Vendors are also focusing on enhancing their ability to deliver cloud-based customer portals to encourage self-service capabilities for accessing & managing payment owed, outstanding credit, and deductions amount.  

Table of Contents

Executive Overview

• Key Research Findings

Market Overview and Technology Trends

Factors Influencing Technology Development and Market Growth

Market Adoption Trends

Competition Landscape and Analysis 

• Competitive Overview and Analysis
• Key Competitive Factors and Technology Differentiators

SPARK Matrix™: Accounts Receivable Applications

Vendor Profiles

Research Methodologies

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