Product Code: ETC4404625 | Publication Date: Jul 2023 | Updated Date: Aug 2025 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 85 | No. of Figures: 45 | No. of Tables: 25 | |
The India Accounts Receivable Automation market is gaining momentum, driven by the need for businesses to streamline their invoicing, payment, and collections processes. Automation solutions for accounts receivable offer efficient ways to manage outstanding invoices and reduce payment delays, ultimately improving cash flow. As India businesses look for ways to enhance financial operations and reduce manual errors, accounts receivable automation is becoming an integral part of their finance departments.
The India Accounts Receivable Automation market is being driven by the increasing need for businesses to streamline their financial operations. Companies are adopting automation solutions to reduce manual errors, accelerate invoice processing, and enhance the overall efficiency of accounts receivable departments. The growth of e-commerce and digital transactions is boosting demand for these systems, as businesses seek to manage and collect payments more effectively.
Accounts receivable automation in India faces various challenges, primarily concerning the diverse and fragmented payment landscape. Different payment methods, including digital wallets, UPI, and credit cards, require adaptable and comprehensive automation solutions to cater to a broad customer base. Furthermore, delayed payments and bad debt are prevalent issues that organizations encounter, necessitating efficient collections and follow-up mechanisms. Handling disputes and reconciliations can be labor-intensive and time-consuming, requiring automation tools that can resolve these issues effectively. Data security and compliance with payment industry regulations are additional challenges that must be addressed to ensure the security of sensitive financial information.
Efficiency in finance and accounting became vital during the pandemic. The accounts receivable automation market grew as businesses sought to streamline their financial processes.
In the India Accounts Receivable Automation market, key players like HighRadius, Billtrust, Esker, and Emagia have made significant contributions. They provide innovative accounts receivable automation solutions, helping businesses in India streamline and optimize their invoicing, payment processing, and collections operations, ultimately enhancing financial efficiency and liquidity management.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Accounts Receivable Automation Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Accounts Receivable Automation Market Revenues & Volume, 2021 & 2031F |
3.3 India Accounts Receivable Automation Market - Industry Life Cycle |
3.4 India Accounts Receivable Automation Market - Porter's Five Forces |
3.5 India Accounts Receivable Automation Market Revenues & Volume Share, By Component , 2021 & 2031F |
3.6 India Accounts Receivable Automation Market Revenues & Volume Share, By Deployment Mode, 2021 & 2031F |
3.7 India Accounts Receivable Automation Market Revenues & Volume Share, By Organization Size, 2021 & 2031F |
3.8 India Accounts Receivable Automation Market Revenues & Volume Share, By Vertical, 2021 & 2031F |
4 India Accounts Receivable Automation Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for streamlining accounts receivable processes |
4.2.2 Adoption of cloud-based technologies for automation |
4.2.3 Emphasis on cost reduction and efficiency in financial operations |
4.3 Market Restraints |
4.3.1 Concerns regarding data security and privacy in automation |
4.3.2 Resistance to change from traditional manual processes |
4.3.3 Initial high implementation costs for automation solutions |
5 India Accounts Receivable Automation Market Trends |
6 India Accounts Receivable Automation Market, By Types |
6.1 India Accounts Receivable Automation Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 India Accounts Receivable Automation Market Revenues & Volume, By Component , 2021-2031F |
6.1.3 India Accounts Receivable Automation Market Revenues & Volume, By Solutions (Credit Evaluation & Management and Collections Management), 2021-2031F |
6.1.4 India Accounts Receivable Automation Market Revenues & Volume, By Services, 2021-2031F |
6.2 India Accounts Receivable Automation Market, By Deployment Mode |
6.2.1 Overview and Analysis |
6.2.2 India Accounts Receivable Automation Market Revenues & Volume, By Cloud, 2021-2031F |
6.2.3 India Accounts Receivable Automation Market Revenues & Volume, By On-premises, 2021-2031F |
6.3 India Accounts Receivable Automation Market, By Organization Size |
6.3.1 Overview and Analysis |
6.3.2 India Accounts Receivable Automation Market Revenues & Volume, By Large Enterprises, 2021-2031F |
6.3.3 India Accounts Receivable Automation Market Revenues & Volume, By SMEs, 2021-2031F |
6.4 India Accounts Receivable Automation Market, By Vertical |
6.4.1 Overview and Analysis |
6.4.2 India Accounts Receivable Automation Market Revenues & Volume, By Banking, Financial Services & Insurance, 2021-2031F |
6.4.3 India Accounts Receivable Automation Market Revenues & Volume, By IT & Telecom, 2021-2031F |
6.4.4 India Accounts Receivable Automation Market Revenues & Volume, By Manufacturing, 2021-2031F |
6.4.5 India Accounts Receivable Automation Market Revenues & Volume, By Consumer Goods & Retail, 2021-2031F |
6.4.6 India Accounts Receivable Automation Market Revenues & Volume, By Healthcare, 2021-2031F |
6.4.7 India Accounts Receivable Automation Market Revenues & Volume, By Energy & Utilities, 2021-2031F |
7 India Accounts Receivable Automation Market Import-Export Trade Statistics |
7.1 India Accounts Receivable Automation Market Export to Major Countries |
7.2 India Accounts Receivable Automation Market Imports from Major Countries |
8 India Accounts Receivable Automation Market Key Performance Indicators |
8.1 Average time taken to process invoices |
8.2 Percentage reduction in error rates in accounts receivable |
8.3 Increase in cash flow efficiency ratio |
8.4 Percentage of invoices processed without manual intervention |
8.5 Rate of adoption of automated accounts receivable solutions |
9 India Accounts Receivable Automation Market - Opportunity Assessment |
9.1 India Accounts Receivable Automation Market Opportunity Assessment, By Component , 2021 & 2031F |
9.2 India Accounts Receivable Automation Market Opportunity Assessment, By Deployment Mode, 2021 & 2031F |
9.3 India Accounts Receivable Automation Market Opportunity Assessment, By Organization Size, 2021 & 2031F |
9.4 India Accounts Receivable Automation Market Opportunity Assessment, By Vertical, 2021 & 2031F |
10 India Accounts Receivable Automation Market - Competitive Landscape |
10.1 India Accounts Receivable Automation Market Revenue Share, By Companies, 2024 |
10.2 India Accounts Receivable Automation Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |