{"id":67763,"date":"2020-09-08T15:46:19","date_gmt":"2020-09-08T15:46:19","guid":{"rendered":"https:\/\/icrowdnewswire.com\/?p=2725095"},"modified":"2020-09-08T15:46:19","modified_gmt":"2020-09-08T15:46:19","slug":"account-reconciliation-software-market-may-see-a-big-move-autorek-blackline-inc-broadridge-financial-solutions-inc-fiserv-inc","status":"publish","type":"post","link":"https:\/\/ipsnews.net\/business\/2020\/09\/08\/account-reconciliation-software-market-may-see-a-big-move-autorek-blackline-inc-broadridge-financial-solutions-inc-fiserv-inc\/","title":{"rendered":"Account Reconciliation Software Market MAY SEE A BIG MOVE | AutoRek, BlackLine, Inc., Broadridge Financial Solutions, Inc., Fiserv, Inc."},"content":{"rendered":"

The ‘ Account Reconciliation Software <\/strong>market’ research report added by Report Ocean, is an in-depth analysis of the latest developments, market size, status, upcoming technologies, industry drivers, challenges, regulatory policies, with key company profiles and strategies of players. The research study provides market overview, Account Reconciliation Software market definition, regional market opportunity, sales and revenue by region, manufacturing cost analysis, Industrial Chain, market effect factors analysis, Account Reconciliation Software market size forecast, market data & Graphs and Statistics, Tables, Bar &Pie Charts, and many more for business intelligence.<\/p>\n

Download Free Sample Copy of ‘Account Reconciliation Software <\/strong>market’ Report @<\/p>\n

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COVID-19 has had a massive impact on society since the beginning of 2020. This report considers the impact of COVID-19 and the economic slowdown created due to lockdown in various countries. The report discusses technological factors, competitive factors and economic trends affecting the market.<\/strong> A combination of factors, including COVID-19 containment situation, end-use market recovery & Recovery Timeline of 2020\/ 2021<\/strong><\/p>\n

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Key Segments Studied in the Global <\/strong>Account Reconciliation Software <\/strong>Market<\/strong>:<\/p>\n

Reconciliation is a process which is used by accounting professionals for comparing the set of two records for checking the monthly statements of an individual. The reconciliation software helps enterprises improve the quality and accuracy of their accounting process and also reduces errors and inaccuracies. Furthermore, it also provide organizations with a complete control over the automation process by managing key processes securely and efficiently. In addition, many industries such as BFSI and retail are adopting this software to gain full control over the billing process and have transparency in accounting. Moreover, rise in adoption of cloud-based reconciliation software among various SMEs is expected to provide a lucrative opportunity for the market.<\/p>\n

Increase in online transactions among various industries and rise in need for reconciliation management system drive the growth of the market. In addition, growing adoption of automated banking solutions across the globe to reduce reconciliation time fuels the growth of the market. However, various security issues in reconciliation software hampers the growth of the market. Furthermore, higher adoption of reconciliation software among the SMEs and rise in usage of machine learning and artificial intelligence in reconciliation software are the factors expected to provide lucrative opportunities for the growth of the market.<\/p>\n

The account reconciliation software market is segmented on the basis of component, deployment mode, enterprise size, reconciliation type, industry vertical and region. In terms of component, it is bifurcated into software and services. By deployment model, it is segmented into on-premise and cloud. In terms of enterprise size, it is segmented into large enterprise and small & medium enterprises. As per reconciliation type, it is divided into bank reconciliation, customer reconciliation, inter-company reconciliation and others. In terms of industry vertical, it is divided into BFSI, manufacturing, retail & e-commerce, healthcare, IT & telecom, energy & utilities, government & public sector, and others. By region, it is analyzed across North America, Europe, Asia-Pacific, and LAMEA.<\/p>\n

The key players profiled in the account reconciliation software market analysis include AutoRek, BlackLine, Inc., Broadridge Financial Solutions, Inc., Fiserv, Inc., Oracle Corporation, Quickbooks, ReconArt, Inc., SAP SE, Sage Software Solution Pvt. Ltd. and Xero Limited.<\/strong> These players have adopted various strategies to increase their market penetration and strengthen their position in the industry.<\/p>\n

Key Benefits for Stakeholders<\/strong><\/p>\n

– The study provides an in-depth analysis of the global account reconciliation software market forecast along with the current & future trends to elucidate the imminent investment pockets.<\/p>\n

– Information about key drivers, restraints, and opportunities and their impact analysis on the global account reconciliation software market size is provided in the report.<\/p>\n

– Porter;s five forces analysis illustrates the potency of the buyers and suppliers operating in the industry.<\/p>\n

– The quantitative analysis of the market for the period 2019-2027 is provided to determine the market potential.<\/p>\n

Key Market Segments<\/p>\n

By Component<\/p>\n

– Software<\/p>\n

– Service<\/p>\n

By Deployment Model<\/p>\n

– On-Premise<\/p>\n

– Cloud<\/p>\n

By Enterprise Size<\/p>\n

– Large Enterprises<\/p>\n

– Small & Medium Enterprises (SMEs)<\/p>\n

By Reconciliation Type<\/p>\n

– Bank Reconciliation<\/p>\n

– Customer Reconciliation<\/p>\n

– Inter-company Reconciliation<\/p>\n

– Others<\/p>\n

By Industry Vertical<\/p>\n

– BFSI<\/p>\n

– Manufacturing<\/p>\n

– Retail & E-Commerce<\/p>\n

– Healthcare<\/p>\n

– IT & Telecom<\/p>\n

– Energy & Utilities<\/p>\n

– Government & Public Sector<\/p>\n

– Others<\/p>\n

KEY MARKET PLAYERS<\/p>\n

– AutoRek<\/p>\n

– BlackLine, Inc.<\/p>\n

– Broadridge Financial Solutions, Inc.<\/p>\n

– Fiserv, Inc.<\/p>\n

– Oracle Corporation<\/p>\n

– Quickbooks<\/p>\n

– ReconArt, Inc.<\/p>\n

– SAP SE<\/p>\n

– Sage Software Solution Pvt. Ltd.<\/p>\n

– Xero Limited<\/p>\n

Geographically, the following regions together with the listed national\/local markets are fully investigated:
\n– APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, and Sri Lanka)
\n– Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Belgium, Denmark, Austria, Norway, Sweden, The Netherlands, Poland, Czech Republic, Slovakia, Hungary, and Romania)
\n– North America (U.S., Canada, and Mexico)
\n– South America (Brazil, Columbia, Argentina, Rest of South America)
\n– MEA (Saudi Arabia, UAE, Egypt)<\/p>\n

Impact of COVID-19 on the Global Market<\/strong><\/p>\n

The research report compiled by Report Ocean offers the study of market opportunities and market impact that are created due to the COVID-19 pandemic. The detailed research report is focused upon all direct and indirect impact of COVID-19 with new product launches, pipeline analysis, supply chain overview, government regulations, strategies adopted by related market players and upcoming vaccines and drug status. Note – In order to provide more accurate market forecast, all our reports will be updated before delivery by considering the impact of COVID-19.(*If you have any special requirements, please let us know and we will offer you the report as you want.)<\/p>\n

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