ACCOUNTS RECEIVABLE AUTOMATION MARKET ANALYSIS
Global Accounts Receivable Automation Market: Key Developments
In January 2021, SAP SE sponsored a seed investment in a venture led by employee in account receivable solutions called as Paid Pronto by SAP. Moreover, the company also joined SAP.iO Venture Studio for minimizing late invoices and follow ups, and for solving billing disputes with automated software by the company.
In May 2021, Quadient announced the availability of its SaaS accounts receivable automation solution, Yay-Pay by Quadient to SMEs through the web-based Marketplace of Sage. The company partnered with Sage, who provides cloud business management solutions, and with this partnership, Quadient will build a fast-growing AR automation SaaS solution in the market.
In March 2021, SAP SE acquired a majority stake of Taulia, a working capital management solutions provider. With this acquisition, the company now will be able to help its client companies gaining financial flexibility and stability, as well as contribute to making more resilient supply chains.
In October 2022, Netsmart launched a cloud-based revenue cycle management solution, a new additions to its CareFabric integrated platform. This solutions allows healthcare provider to reduce the hours on account receivable collection by nearly 20%, while it boost cash flow, productivity, and profitability.
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