Account Reconciliation Software Market Research and Forecast Report 2023-2028

1. Global Account Reconciliation Software Market Research and Forecast Report 2023-2028 Author: Elena Anderson Marketing Manager Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2022 IMARC All Rights Reserved

2. Report DescriptionAbout IMARC Group International Market Analysis Research and Consulting Group is a leading adviser on management strategy and market research worldwide. We partner with clients in all regions and industry verticals to identify their highest-value opportunities, address their most critical challenges, and transform their businesses. IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, chemicals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise. IMARC’s tailored approach combines unfathomable insight into the dynamics of companies and markets with close cooperation at all levels of the client organization. This ensures that our clients achieve unmatchable competitive advantage, build more proficient organizations, and secure lasting results.

3. Report Description and Highlights Report Description Global Account Reconciliation Software Market Research Report 2023-2028: The latest report by IMARC Group, titled "Account Reconciliation Software Market: Global Industry Trends, Share, Size, Growth, Opportunity, and Forecast 2023-2028," finds that the global account reconciliation software market size reached US$ 2.9 Billion in 2022. Account reconciliation software is used to automate and standardize the settlement process to create clear and precise financial statements. Some commonly available software includes ReconArt, Blackline, Xero, Bank Rek, and AutoRek. It is an easy-to-set-up and user-friendly tool with numerous features and functionalities, including issue management, transaction matching, classification, cloud-based, task flow, reporting group suitability, postings, data acquisition, matching techniques, and interface. It is designed to augment productivity, enhance efficiency, and save time by eliminating the need for data manipulation and manual calculations. In addition, it offers accountants a streamlined method to assure the accuracy of their balance sheets and allows them to analyze discrepancies, compare data, attach supporting documents, and take the required actions quickly.

4. Report Description and Highlights Report Description As a result, account reconciliation software is widespread across banking, financial services, insurance (BFSI), retail, e-commerce, healthcare, government and public, information technology (IT), and telecom. Request for a PDF sample of this report: https://www.imarcgroup.com/account-reconciliation- software-market/requestsample

5. Report Description and Highlights Report Description Global Account Reconciliation Software Market Trends: The market is primarily driven by the increasing number of credit card payments and online transactions in several industries. Nowadays, account reconciliation software is widely employed to track interest charges, minimize the risk of fraud, reduce accounting errors, and monitor data, such as trial balance and cash flows. Besides this, the surging need for standardized activities in banks and the widespread adoption of customer-centric banking solutions represent another major growth-inducing factor. In addition, the escalating demand for error detection software to improve operational efficiency and minimize overall costs is accelerating the product adoption rate across the globe. Apart from this, key market players are launching innovative account reconciliation software incorporated with advanced technologies, including machine learning (ML) and artificial intelligence (AI), to enhance the cash flow management and reconciliation process. This, coupled with the growing need for generating electronic bills, is creating a positive market outlook. Looking forward, IMARC Group expects the market value to reach US$ 6.2 Billion by 2028, exhibiting a CAGR of 13.1% during the forecast period (2023-2028). View Report TOC, Figures and Tables: https://www.imarcgroup.com/account-reconciliation-software- market

6. Report Description and Highlights Report Description Key Market Segmentation The research report includes the following segments: Breakup by Component: • Software • Services Breakup by Deployment Mode: • On-premises • Cloud-based Breakup by Organization Size: • Small and Medium-sized Enterprises • Large Enterprises

7. Report Description and Highlights Report Description Breakup by End User: • BFSI • Manufacturing • Retail and E-Commerce • Healthcare • IT and Telecom • Energy and Utilities • Government and Public Sector • Others Breakup by Region: • North America • Asia Pacific • Europe • Latin America • Middle East and Africa

8. Report Description and Highlights Report Description Competitive Landscape with Key Players: • 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. • Xero Limited.

9. Key Questions Answered in the Report Report Description 1. What was the size of the global account reconciliation software market in 2022? 2. What is the expected growth rate of the global account reconciliation software market during 2023-2028? 3. What are the key factors driving the global account reconciliation software market? 4. What has been the impact of COVID-19 on the global account reconciliation software market? 5. What is the breakup of the global account reconciliation software market based on the component? 6. What is the breakup of the global account reconciliation software market based on the deployment mode? 7. What is the breakup of the global account reconciliation software market based on the organization size? 8. What is the breakup of the global account reconciliation software market based on the end user? 9. What are the key regions in the global account reconciliation software market? 10. Who are the key players/companies in the global account reconciliation software market?

10. Report DescriptionTable of Contents 1 Preface 2 Scope and Methodology 2.1 Objectives of the Study 2.2 Stakeholders 2.3 Data Sources 2.3.1 Primary Sources 2.3.2 Secondary Sources 2.4 Market Estimation 2.4.1 Bottom-Up Approach 2.4.2 Top-Down Approach 2.5 Forecasting Methodology 3 Executive Summary 4 Introduction 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

11. Report DescriptionTable of Contents 6 Market Breakup 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 Breakup by Deployment Mode 7.1 On-premises 7.1.1 Market Trends 7.1.2 Market Forecast 7.2 Cloud-based 7.2.1 Market Trends 7.2.2 Market Forecast Click here to visit the complete table of content with list of figures and tables: https://www.imarcgroup.com/account-reconciliation-software-market/toc

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14. Report Description and Highlights Report Description © 2022 IMARC All Rights Reserved This Publication and all it’s contents unless otherwise mentioned are copyrighted in the name of International Market Analysis Research and Consulting (IMARC). No part of this publication may be reproduced, repackaged, redistributed or resold in whole or in any part. The publication may also not be used in any form or by and means graphic electronic or mechanical, including photocopying, recording, taping or by information storage or retrieval, or by any other form, without the express consent of International Market Analysis Research and Consulting (IMARC). Disclaimer: All contents and data of this publication, including forecasts, data analysis and opinion have been based on information and sources believed to be accurate and reliable at the time of publishing. International Market Analysis Research and Consulting makes no representation of warranty of any kind as to the accuracy or completeness of any Information provided. IMARC accepts no liability whatsoever for any loss or damage resulting from opinion, errors or inaccuracies if any found this publication. IMARC, IMARC Group and Global Therapy Insight Series are registered trademarks of International Market Analysis Research and Consulting. All other trademarks used in this publication are registered trademarks of their respective companies.

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