Global Account Reconciliation Software Industry to 2027

DUBLIN, June 1, 2022 /PRNewswire/ — The “Account Reconciliation Software Market: Global Industry Trends, Share, Size, Growth, Opportunities and Forecast 2022-2027” report has been added to from ResearchAndMarkets.com offer.

The global account reconciliation software market reached a value of US$2.45 billion in 2021. Looking ahead, the publisher expects the market to reach a value of US$5.8 billion by 2027 exhibiting a CAGR of 14.80% over the period 2022-2027. Keeping in mind the uncertainties of COVID-19, we continuously monitor and assess the direct and indirect influence of the pandemic. This information is included in the report as a major market contributor.

Account reconciliation software refers to an advanced tool used to standardize and automate the settlement process to generate clear and accurate financial statements. It is an easy-to-setup and user-friendly tool with various functionalities and features, such as transaction matching, reporting, issue management, and classification. It is designed to maximize productivity, improve efficiency and save time by eliminating the need for manual calculations and data manipulation.

It provides accountants with a simplified way to ensure the accuracy of their balance sheets and allows them to compare data, analyze discrepancies, attach supporting documents and quickly take action. As a result, account reconciliation software is rapidly gaining traction in many industries including banking, financial services and insurance (BFSI), retail, e-commerce, healthcare, government and public. , information technology (IT) and telecommunications.

Account Reconciliation Software Market Trends:

Account reconciliation software is widely used to minimize accounting errors, track interest charges, reduce the risk of fraud, and monitor data, such as trial balance and cash flow. Furthermore, the growing need for standardized activities in banks and the widespread adoption of customer-centric banking solutions represent the major drivers of the market. Additionally, the growing demand for automated banking solutions and error detection software to improve operational efficiency and reduce overall costs is accelerating product adoption rates.

Additionally, major players are introducing innovative account reconciliation software integrated with advanced technologies, such as artificial intelligence (AI) and machine learning (ML), to improve cash flow management and reconciliation process. reconciliation. This, in conjunction with the growing popularity of cloud solutions, is propelling the growth of the market. Other factors including the growing need to generate electronic invoices, growing number of online transactions and credit card payments, advancements in technology and favorable government policies are also creating a positive outlook for the market.

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the major players being API Software Limited, BlackLine Inc., Broadridge Financial Solutions Inc., Fiserv Inc., Intuit Inc., Oracle Corporation, ReconArt Inc., Sage Group plc, SmartStream Technologies ltd., Trintech Inc. and Xero Limited.

Key questions answered by this report:

How has the global account reconciliation software market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the Global Account Reconciliation Software Market?
What are the main regional markets?
What is the market breakdown by component?
What is the market breakdown by deployment mode?
What is the market breakdown by organization size?
What is the market breakdown by end user?
What are the different stages of the industry value chain?
What are the key drivers and challenges in the industry?
What is the structure of the global account reconciliation software market and who are the key players?
How competitive is the industry?

Main topics covered:

1 Preface

2 Scope and methodology

3 Executive summary

4 Presentation
4.1 Overview
4.2 Key Industry Trends

5 Global Account Reconciliation Software Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast

6 Market Breakdown by Component
6.1 Software
6.1.1 Market trends
6.1.2 Market Forecast
6.2 Services
6.2.1 Market trends
6.2.2 Market Forecast

7 Market Breakdown by Deployment Mode
7.1 On-site
7.1.1 Market trends
7.1.2 Market Forecast
7.2 Cloud-based
7.2.1 Market trends
7.2.2 Market Forecast

8 Market Breakdown by Organization Size
8.1 Small and medium enterprises
8.1.1 Market trends
8.1.2 Market Forecast
8.2 Large companies
8.2.1 Market trends
8.2.2 Market Forecast

9 Market Breakdown by End User
9.1 BFSI
9.1.1 Market trends
9.1.2 Market Forecast
9.2 Manufacturing
9.2.1 Market trends
9.2.2 Market Forecast
9.3 Retail and e-commerce
9.3.1 Market trends
9.3.2 Market Forecast
9.4 Healthcare
9.4.1 Market trends
9.4.2 Market Forecast
9.5 IT and Telecom
9.5.1 Market trends
9.5.2 Market Forecast
9.6 Energy and utilities
9.6.1 Market trends
9.6.2 Market Forecast
9.7 Government and public sector
9.7.1 Market trends
9.7.2 Market Forecast
9.8 Others
9.8.1 Market trends
9.8.2 Market Forecast

10 Market Breakdown by Region

11 SWOT Analysis

12 Value chain analysis

13 Analysis of the five forces of carriers

14 Price Analysis

15 Competitive Landscape
15.1 Market structure
15.2 Key Players
15.3 Profiles of Key Players
15.3.1 Limited API Software
15.3.1.1 Company Overview
15.3.1.2 Product portfolio
15.3.2 BlackLine Inc.
15.3.2.1 Presentation of the company
15.3.2.2 Product portfolio
15.3.2.3 Finance
15.3.3 Broadridge Financial Solutions Inc.
15.3.3.1 Company Overview
15.3.3.2 Product portfolio
15.3.3.3 Finance
15.3.3.4 SWOT Analysis
15.3.4 Fiserv Inc.
15.3.4.1 Company Overview
15.3.4.2 Product portfolio
15.3.4.3 Finance
15.3.4.4 SWOT Analysis
15.3.5 Intuit Inc.
15.3.5.1 Company Overview
15.3.5.2 Product portfolio
15.3.5.3 Finance
15.3.5.4 SWOT Analysis
15.3.6 Oracle Corporation
15.3.6.1 Company Overview
15.3.6.2 Product Portfolio
15.3.6.3 Finance
15.3.6.4 SWOT Analysis
15.3.7 ReconArt Inc.
15.3.7.1 Company Overview
15.3.7.2 Product portfolio
15.3.8 Sage Group plc
15.3.8.1 Company Overview
15.3.8.2 Product portfolio
15.3.8.3 Finance
15.3.8.4 SWOT Analysis
15.3.9 SmartStream Technologies Ltd.
15.3.9.1 Company Overview
15.3.9.2 Product portfolio
15.3.10 Tritech inc.
15.3.10.1 Company Overview
15.3.10.2 Product portfolio
15.3.11 Xero Limited
15.3.11.1 Company Overview
15.3.11.2 Product portfolio
15.3.11.3 Finance
15.3.11.4 SWOT Analysis